USDCAD pauses aggressive bull run near five-month high Faces resistance around 1.3800, but remains supported above 1.3690 USDCAD attempted to re-enter the 1.3800 territory earlier today after its pullback from a five-month high of 1.3844 Read more…
The decline in investor expectations regarding a change in the vector of the Fed’s monetary policy contributes to the fall of not only European, but also commodity currencies. So, in recent weeks: AUD/USD has lost Read more…
Short term Elliott Wave view in EURUSD suggests that cycle from 12.28.2023 high is in progress as a zigzag Elliott Wave structure. Down from 12.28.2023 high, wave A ended at 1.0694 and rally in wave Read more…
Markets After a brief correction Wednesday, core yields again turned north yesterday. US yields added between 6.2 bps (5-y) and 3 bps (30-y). The Philly Fed business outlook printed much strong than expected (15.5 from Read more…
In the UK, retail sales volumes was unchanged in March, falling short of the modest 0.3% mom growth anticipated by analysts. The performance within the retail sector was varied: automotive fuel and non-food store sales Read more…
Daily Pivots: (S1) 191.90; (P) 192.34; (R1) 192.77; More.. GBP/JPY is still bounded in established range despite today’s volatility. Intraday bias remains neutral. On the upside, break of 193.51 will resume larger up trend to Read more…
Daily Pivots: (S1) 164.32; (P) 164.64; (R1) 164.91; More… Range trading continues in EUR/JPY despite huge volatility. Intraday bias remains neutral first. On the upside, firm break of 165.33 will resume larger up trend towards Read more…
Daily Pivots: (S1) 0.8549; (P) 0.8560; (R1) 0.8570; More… Outlook in EUR/GBP remains unchanged as range trading continues. Intraday bias stays neutral at this point. On the downside, firm break of 0.8529 support will argue Read more…
Daily Pivots: (S1) 1.6542; (P) 1.6573; (R1) 1.6607; More… EUR/AUD’s rally from 1.6368 resumed after brief consolidations. Breach of 1.6677 resistance argues that fall from 1.6742 has completed as a three-wave corrective move to 1.6368. Read more…
Daily Pivots: (S1) 0.9690; (P) 0.9713; (R1) 0.9732; More… Intraday bias in EUR/CHF is back on the downside as fall from 0.9847 resumed. Sustained break of 38.2% retracement of 0.9252 to 0.9847 at 0.9620 will Read more…