EURUSD holds above 20-day SMA but bias turns neutral Bulls still have a chance as field of support levels lies beneath But double-top formation hard to ignore EURUSD has retreated from last week’s 14-month high Read more…
USDCAD is reversing south after an unsuccessful push above 2022 highs, so it appears that pair is back in the range after making the first impulsive drop to 1.3450 back in August. Notice that after Read more…
Markets Fed Chair Powell implicitly defended the base case as set out in the updated September dot plot. This year’s median suggested an additional 50 bps of cumulative Fed rate cuts, being 25 bps in Read more…
In focus today Today, focus is on euro area HICP inflation from September. We expect headline inflation to decline to 1.6% y/y from 2.2%, below consensus of a decline to 1.8%, due to the lower-than-expected Read more…
The Chinese stocks extended gains on Monday as China announced more stimulus measures and investors rushed to buy before the markets closed for national holiday today. The CSI 300 index jumped more than 8% on Read more…
Short Term Elliott Wave View in USDJPY suggests decline to 139.57 ended wave (W). Pair then corrected in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave Read more…
Daily Pivots: (S1) 190.33; (P) 191.33; (R1) 193.09; More… Intraday bias in GBP/JPY is turned neutral first with current recovery. Outlook is unchanged that corrective rebound from 180.00 might have completed with three waves up Read more…
Daily Pivots: (S1) 158.65; (P) 159.39; (R1) 160.67; More…. Intraday bias in EUR/JPY is turned neutral with current recovery. Outlook is unchanged that corrective pattern from 154.40 might have completed with three waves to 163.47 Read more…
Daily Pivots: (S1) 0.8305; (P) 0.8332; (R1) 0.8352; More… Intraday bias in EUR/GBP is back on the downside with breach of 0.8316 temporary low. Sustained break of 0.8316 will resume the fall from 0.8624 to Read more…
Daily Pivots: (S1) 1.6050; (P) 1.6119; (R1) 1.6173; More… Intraday bias in EUR/AUD stays on the downside as fall from 1.7180 is in progress for 61.8% projection of 1.7180 to 1.6256 from 1.6629 at 1.6058, Read more…