Daily Pivots: (S1) 0.6588; (P) 0.6599; (R1) 0.6623; More… Intraday bias in AUD/USD remains neutral at this point. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. Read more…
Australian Dollar is trading broadly lower today, primarily due to selloff in stocks in Hong Kong and China as markets reopened after holiday. This downward pressure is compounded by the decline in Australian business confidence, Read more…
Short Term Elliott Wave in Gold (XAUUSD) suggests the rally from 5.03.2024 low ended a wave 3 at 2450.10 high. Wave 4 pullback is currently in progress. The internal subdivision of wave 4 takes the Read more…
Australia’s NAB Business Confidence fell from 2 to -3 in May, returning to negative territory. Business conditions also saw a slight decline, dropping from 7 to 6. Specifically, trading conditions decreased from 13 to 10, Read more…
In a joint interview with four European newspapers, ECB President Christine Lagarde dismissed the notion that last week’s quarter-point rate cut would be the start of a series of similar moves. Lagarde made it clear Read more…
The GBPJPY pair reflects the exchange rate between the British Pound and the Japanese Yen, influenced by the economic conditions and monetary policies in the United Kingdom and Japan. The British Pound is affected by Read more…
EURUSD under bearish pressure Likely to fall to support level 1.0700 EURUSD currency pair under the bearish pressure after the earlier breakout of the support level 1.0800 (which stopped the previous wave (b) at the Read more…
Gold reversed from support level 2300.00 Likely to rise to resistance 2385.00 Gold recently reversed up from the pivotal support level 2300.00 (which stopped the previous waves A, (4) and ii, as can be seen Read more…
An increase in opioid prescription approvals and illegal practices by opioid manufactures and sellers led to a national opioid crisis, which the U.S. Department of Health and Humans Services declared an epidemic in 2013. The crisis led to Read more…
The U.S. economy hasn’t really given Americans a reason to be optimistic over the past fear years. Sky high mortgage rates, persistent inflation, and the Fed’s waffling on interest rates have put a damper on Read more…