Cryptocurrencies
EUR/USD Halted Its Decline: The Market Awaits US Inflation Data
EUR/USD halted its decline near a four-week low at 1.1034 on Wednesday. The information flow currently appears congested. The market is awaiting today’s US inflation release for August and is keeping an eye on the Read more…
Cryptocurrencies
NIESR expects 0.2% UK GDP growth in Q3, despite July stagnation
The National Institute of Economic and Social Research (NIESR) forecasts 0.2% GDP growth for the UK in Q3, driven by resilience in the services and construction sectors. This comes despite today’s data showing no growth Read more…
Cryptocurrencies
Gold Technical: Poised for a Potential Bullish Breakout as US CPI Looms
In the past four weeks, Gold (XAU/USD) has traded in a tight range environment below US$2,532 key intermediate range resistance. Positive momentum reading and a major bearish breakdown seen in the 10-year US Treasury real Read more…
Cryptocurrencies
USD/JPY Outlook: Key Supports Under Pressure
USDJPY fell to the lowest in 8 ½ months on Wednesday (140.70) following probe through pivotal support at 141.68 (Aug 5 spike low). Subsequent bounce came from oversold conditions on daily chart, with partial profit Read more…
Cryptocurrencies
Elliott Wave Update: USD/JPY Moving into 138.00-140.00 Zone
USD/JPY is finally topping out this year at our 162-164 resistance area, where we called the end of a big ending diagonal on the daily chart. Notice that the price is now falling sharply and Read more…