CL_F (Crude Oil) favors higher in 5 wave Impulse Elliott Wave sequence as wave 1 before pullback starts. It placed (B) at $64.12 low on 3/20/2023. Above (B) low, it placed ((i)) at $71.67 high Read more…
Daily Pivots: (S1) 0.6653; (P) 0.6688; (R1) 0.6728; More… AUD/USD’s recovery from 0.6619 continues today but stays well below 0.6792 resistance. Intraday bias remains neutral for the moment. Risk stays on the downside with 0.6792 Read more…
Total employment: +53.0k from +63.6k (revised from +64.6k); unemployment rate: 3.5% from 3.5% (unrevised 3.5%); participation rate: 66.7% from 66.7% (revised from 66.6%). The labour market continues to weather the headwinds facing the broader economy, Read more…
Key Highlights USD/CHF declined heavily from the 0.9120 resistance zone. It traded below a key bullish trend line with support near 0.9050 on the 4-hour chart. EUR/USD gained bullish momentum and traded to a new Read more…
San Francisco Fed President Mary Daly commented on the CPI report released today, calling it “good news” but also noting that inflation remains elevated. She said, “Headline release showed that it’s going down, it’s going Read more…
San Francisco Fed President Mary Daly commented on the CPI report released today, calling it “good news” but also noting that inflation remains elevated. She said, “Headline release showed that it’s going down, it’s going Read more…
San Francisco Fed President Mary Daly commented on the CPI report released today, calling it “good news” but also noting that inflation remains elevated. She said, “Headline release showed that it’s going down, it’s going Read more…