Bearish scenario: Sell below 2200 / 2194 with TP1: 2190, TP2: 2180, and TP3: 2172 with S.L. above 2204 or at least 1% of account capital*. Nearest bullish scenario: Buy above 2197 with TP: 2200 Read more…
Short Term Elliott Wave view in Nasdaq 100 (NQ) suggests that pullback to 18011.3 ended wave 4. The Index has turned higher in wave 5. Internal subdivision of wave 5 is unfolding as a diagonal. Read more…
Daily Pivots: (S1) 163.32; (P) 163.87; (R1) 164.30; More… Intraday bias in EUR/JPY remains neutral for the moment. Strong support is still expected from 55 4H EMA (now at 163.58) to bring rebound. On the Read more…
Nikkei tumbled sharply in Asian session today, largely in response to Yen’s rebound late yesterday, which followed strong verbal interventions by Japanese officials aimed at curbing the currency’s recent weakness. Additionally, profit-taking activities could be Read more…
Key Highlights Crude oil bulls gained pace above the $80.00 resistance. A connecting bearish trend line is forming with resistance at $82.35 on the 4-hour chart. Gold prices consolidated gains above the $2,150 resistance zone. Read more…
New Zealand ANZ Business Confidence fell from 34.7 to 22.9 in March. Own Activity Outlook fell from 29.5 to 22.5. Inflation expectations fell from 4.03% to 3.80%. Cost expectations rose from 73.5 to 74.6. Pricing Read more…
At last week’s policy meeting, which marked the conclusion of Japan’s extensive easing program and its first interest rate hike since 2007, BoJ board members underscored the importance of a cautious approach. The Summary of Read more…
In a speech overnight, Fed Governor Christopher Waller articulated that Fed is in “no rush” to initiate interest rate cuts. This position comes in light of recent economic developments, suggesting that interest rates may need Read more…
SNB Vice President, Martin Schlegel, clarified overnight that the central bank does not adhere to a specific target for Swiss Franc’s exchange rate. Instead, Schlegel reiterated the usual stance that the bank “monitors the exchange Read more…
Last April, a hugely popular beer brand became the target of a successful boycott that severely impacted its sales. Now, Paris Hilton is on the receiving end of criticism and a petition drive from like-minded Read more…