Early results in the U.S. presidential election indicate a lead for the Republican candidate. A potential Trump victory is seen as favourable for the U.S. dollar, based on Donald Trump’s plans to: → increase tariffs Read more…
Early in this trading week, the dollar’s rise, likely influenced by Trump’s strong polling figures, has somewhat slowed. Based on technical analysis of major currency pairs, the market appears ready for a correctional pullback. However, Read more…
Short Term Elliott Wave View on S&P 500 (SPX) suggests rally from 8.5.2024 low is in progress as an impulse. Up from 8.5.2024 low, wave 1 ended at 5651.6 and pullback in wave 2 ended Read more…
Markets At the moment of writing, the outcome of the US elections is still a developing story. The Republican Party regaining a 51+ majority in the Senate is definitively called. The battle for a House Read more…
Daily Pivots: (S1) 197.18; (P) 197.53; (R1) 198.07; More… GBP/JPY is extending consolidation from 199.79 and intraday bias stays neutral. Further rally is expected as long as 55 D EMA (now at 194.61) holds. Above Read more…
Daily Pivots: (S1) 165.39; (P) 165.72; (R1) 166.04; More…. Intraday bias in EUR/JPY remains neutral as consolidations continue below 166.67. Further rally is expected as long as 164.25 minor support holds. Sustained break of 61.8% Read more…
Daily Pivots: (S1) 0.8372; (P) 0.8387; (R1) 0.8395; More… Intraday bias in EUR/GBP remains neutral first, and outlook stays bearish with 0.8446 resistance intact. On the downside, break of 0.8294 low will resume larger down Read more…
Daily Pivots: (S1) 1.6419; (P) 1.6475; (R1) 1.6520; More… Intraday bias in EUR/AUD remains neutral for the moment. As long as 1.6351 resistance turned support holds, further rally is still expected. On the upside, above Read more…
Daily Pivots: (S1) 0.9402; (P) 0.9419; (R1) 0.9452; More…. In spite of all the volatility, EUR/CHF is still bounded in converging triangle and intraday bias stays neutral at this point. On the downside, break of Read more…
We’re on the cusp of the US election results. They’re starting to trickle in, pointing toward a more favourable outcome for the Republicans and Donald Trump. As a result, the so-called ‘Trump trade’ is in Read more…