This week has raised alarm bells for USD/JPY market participants who are trading the bullish momentum that has been going on since early 2024 (shown in the blue curved lines on the USD/JPY chart): → Read more…
Several factors contributed to this: → Effect associated with the approval of Bitcoin ETF. The media writes that investments in these financial instruments amount to about 9k bitcoins per day, and miners produce only 900 Read more…
DXY: The DXY (Dollar Index) chart currently indicates a bearish momentum, suggesting a potential continuation towards the 1st support level. The 1st support at 103.43 is identified as a swing low support, indicating its significance Read more…
Unofficial renders of what the Z Flip 6 could look like. | Image: OnLeaks / SmartPrix Yesterday was the Samsung Galaxy Z Fold 6, now it’s the Z Flip 6’s turn to have its alleged Read more…
EURUSD trades in a range defined by 50- and 200-day SMAs Momentum indicators are marginally tilted to the upside EURUSD has posted a mild recovery following its pullback from the December high of 1.1138 to the Read more…
Swiss KOF Economic Barometer fell from 102.5 to 101.6 in February, below expectation of 102.0. Despite this marginal cooling, KOF maintains an optimistic stance regarding the Swiss economy, asserting that “the rather positive economic signals Read more…
Switzerland’s GDP grew by 0.3% qoq in Q4, slightly surpassing expectation of 0.1% qoq growth. Despite this modest uptick, the nation faced slight decline in domestic final demand, which fell by -0.3%. This downturn was Read more…
The short-term Elliott Wave View in the AUDJPY suggests that the cycle from 01 February 2024 low unfolded in an impulse sequence and shows a bullish sequence supporting more upside. Whereas the rally to 96.92 Read more…
Markets Barring an outdated US Q4 GDP and PCE revision there was again not much to inspire markets yesterday. Speeches from Fed’s Williams, Collins and Bostic yielded the known mantra of data dependency and caution Read more…
Economic data from the US kept investors in a cautious mode yesterday as the latest wave of data showed that the US economic growth was indeed strong at 3.2% for the Q4, but that was Read more…