Make no mistake: The stock-market rally that erupted after Donald Trump’s win in the presidential election was powerful. The major averages surged to new record closes. The Standard & Poor’s 500 Index and the Dow Read more…
Significant volatility was seen in the global financial markets last week, driven by the highly anticipated US presidential election. Contrary to expectations of a tight contest, Donald Trump secured a comfortable victory over Kamala Harris, Read more…
EUR/USD’s fall from 1.1213 resumed to 1.0681 last week but recovered since then. Initial bias remains neutral this week first and some more consolidations could be seen. But outlook will stay bearish as long as Read more…
USD/JPY edged higher again last week but retreated after hitting 154.70. Initial bias remains neutral this week for more consolidations. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the Read more…
GBP/USD edged lower to 12833 last week but quickly settled back into established range. Initial bias remains neutral this week first, and further decline is expected 1.3047 resistance holds. Break of 1.382 will resume the Read more…
USD/CHF surged to as high as 0.8733 last week but turned sideway since then. Initial bias stays neutral this week for more consolidations first. Current development suggests that fall from 0.9223 has completed at 0.8374, Read more…
AUD/USD rebounded to 0.6687 last week but was rejected by 55 D EMA (now at 0.6681). Initial bias is turned neutral this week first. For now, further rise is mildly in favor as long as Read more…
USD/CAD stayed in consolidation below 1.3958 last week and outlook is unchanged. Initial bias stays neutral this week and further rally is expected. Decisive break of 1.3976 key resistance will confirm larger up trend resumption. Read more…
GBP/JPY stayed in range below 199.79 last week and outlook is unchanged. Initial bias remains neutral this week for more consolidations. Further rally is expected as long as 55 D EMA (now at 194.79) holds. Read more…
EUR/JPY’s fall from 166.67 extended last week and the late selloff suggested that a short term top was already formed. Initial bias is back on the downside this week. Sustained trading below 55 D EMA Read more…