Daily Pivots: (S1) 0.8310; (P) 0.8324; (R1) 0.8334; More… Outlook in EUR/GBP remains unchanged as range trading continues. Intraday bias stays neutral and further decline is expected with 0.8446 resistance intact. On the downside, decisive Read more…
Daily Pivots: (S1) 1.6198; (P) 1.6241; (R1) 1.6282; More… Intraday bias in EUR/AUD remains neutral for the moment, and outlook is unchanged. . On the upside, firm break of 1.6359 resistance will be the first Read more…
Daily Pivots: (S1) 159.49; (P) 159.92; (R1) 160.36; More…. EUR/JPY’s fall from 166.67 is in progress today and intraday bias stays on the downside. As noted before, corrective rebound from 154.40 could have completed with Read more…
Daily Pivots: (S1) 191.58; (P) 192.03; (R1) 192.73; More… GBP/JPY’s decline from 199.79 continues today and intraday bias stays on the downside. As noted before, corrective rise from 180.00 could have completed with three waves Read more…
Yen resumed its broad-based rally during the Asian session, lifted by stronger-than-expected Tokyo inflation data. The accelerated inflation figures have reignited market speculation about another rate hike by BoJ as early as December. Overnight index Read more…
Dollar Index (DXY) has reached 100% Fibonacci extension from 7.17.2023 low and ended the cycle. The rally is unfolding as a double three Elliott Wave structure. Up from 7.17.2023 low, wave (W) ended at 107.34 Read more…
Japan’s industrial production rose by 3.0% mom in October, marking the second consecutive month of growth but falling short of market expectations of a 3.9% mom increase. This uptick is nonetheless an improvement from September’s Read more…
Tokyo’s November CPI data pointed to resurgence of inflation pressures in Japan, raising expectations for BoJ to tighten policy further. Tokyo Core CPI, excluding food, climbed from 1.8% yoy to 2.2% yoy, beating expectations of Read more…
Headlines on Thursday revealed that Israel may have violated the recent Gaza ceasefire just one day after it began, with reports of tactical military actions targeting areas not included in the agreement. Meanwhile, OPEC+ postponed Read more…
The shift to a more services-based economy increases economy-wide depreciation rates, and so the need to invest. Higher average interest rates – and economy-wide profit shares – are among the likely results. An important reason Read more…