Daily Pivots: (S1) 161.26; (P) 162.15; (R1) 162.67; More… EUR/JPY’s consolidation from 164.16 is still extending and intraday bias remains neutral. Further rally remains in favor as long as 160.02 support holds. Above 164.16 will Read more…
Daily Pivots: (S1) 0.8327; (P) 0.8345; (R1) 0.8355; More… EUR/GBP’s fall from 0.8448 continued and the break of 55 D EMA (now at 0.8347) suggest that rise from 0.8239 has completed already. Intraday bias is Read more…
The latest data from the Conference Board came to back the mounting concerns among Americans regarding the future of the economy and inflation that a set of Michigan numbers have already warned about. The consumer Read more…
UK CPI slowed from 3.0% yoy to 2.8% yoy in February, below expectation of 2.9% yoy. CPI Core (excluding energy, food, alcohol and tobacco) fell from 3.7% yoy to 3.5% yoy, below expectation of 3.6% Read more…
Short Term Elliott Wave view in CADJPY suggests pair ended cycle from 11.20.2024 high in wave (W) at 101.35 as the 1 hour chart below shows. Pair is looking to correct cycle from 11.20.2024 high Read more…
Daily Pivots: (S1) 1.7092; (P) 1.7143; (R1) 1.7173; More… EUR/AUD’s corrective fall from 1.7417 short term top is resuming and intraday bias is mildly on the downside. Still, downside of the pullback should be contained Read more…
Commodity currencies are finding a bid in Asian session today, though still largely range-bound against Dollar. A sharp rally in Copper prices, driven by US tariff fears, is likely giving Aussie a tailwind, countering lingering Read more…
Chicago Fed President Austan Goolsbee warned that a shift in market-based long-run inflation expectations toward the elevated levels seen in consumer surveys, such as the University of Michigan’s, would be a “major red flag” demanding Read more…
US Copper prices surged to fresh record highs, driven by rising expectations that President Donald Trump may soon impose tariffs on copper imports. Traders are responding to signals that the Commerce Department’s review—ordered by Trump Read more…
Key Highlights Bitcoin price started a recovery wave above the $85,000 resistance zone. BTC is following a bullish trend line with support at $85,400 on the 4-hour chart. Ethereum price also recovered and climbed above Read more…