Daily Pivots: (S1) 0.9101; (P) 0.9117; (R1) 0.9137; More… USD/CHF is still bounded in range below 0.9136 and intraday bias remains neutral. With 0.9007 support intact, further rally is expected. On the upside, break of Read more…
Daily Pivots: (S1) 1.0281; (P) 1.0302; (R1) 1.0321; More… EUR/USD is still bounded in range of 1.0223/0457 and intraday bias stays neutral for the moment. With 1.0457 resistance intact, outlook stay bearish. On the downside, Read more…
Markets The partial absence of US investors due to a national day of mourning for ex-president Carter and the empty economic calendar kept markets squarely focused on the UK. Gilt yields gapped another 12 bps Read more…
In the absence of the US, the UK sat on the headlines yesterday, with its debt drama. Everyone threw in what he or she thought about what today’s situation reminded them. The discussions went from Read more…
In focus today The most important data release of the day will be the US December Jobs Report. We expect nonfarm payrolls growth to slow down to +170k (from +227k), see unemployment rate steady at Read more…
US non-farm payroll report is taking center stage today as markets look for confirmation of Fed’s anticipated decision to pause rate cuts this month. Recent comments from multiple Fed officials have highlighted a cautious approach Read more…
Japan’s household spending declined for the fourth consecutive month in November, falling -0.4% yoy. While this was an improvement from October’s -1.3% drop and surpassed expectations of -0.8%, it still reflects ongoing consumer caution. The Read more…
Key Highlights USD/JPY started a consolidation phase above the 156.20 support. A short-term rising channel is forming with support at 157.10 on the 4-hour chart. GBP/USD accelerated losses below the 1.2350 support. AUD/USD and NZD/USD Read more…
Short Term Elliott Wave view in Gold (XAUUSD) suggests rally from 11.14.2024 low is unfolding as a 5 waves impulse. Up from 11.14.2024 low, wave (1) ended at 2721.41 and pullback in wave (2) ended Read more…
In this technical article we’re going to take a look at the Elliott Wave charts charts of Bitcoin BTCUSD published in members area of the website. As our members know, we generally favor the long Read more…