China’s central bank PBoC announced to lower the reserve requirement ratio (RRR) by 0.25%, effect December 5. That’s the second cut this year, last being in April. The move is expected to released around CNY Read more…
Markets are slow as most of traders will stay aside today after Thanksgiving yesterday in the US. So we think there will be no real changes in the price action and that market will stay Read more…
EURGBP reversed from support level 0.8590 Likely to rise to resistance level 0.8700 EURGBP just recently reversed up from the pivotal support level 0.8590 (that has been repeatedly reversing this currency pair from the middle Read more…
USDCHF reversed from support level 0.9380 Likely to rise to resistance level 0.9500 USDCHF recently reversed up once again from the key support level 0.9380 (former resistance from March and the multi-month low from August). Read more…
AUDCHF reversed from support level 0.6300 Likely to rise to resistance level 0.6425 AUDCHF recently reversed up from the strong support level 0.6300 (which stopped wave (1) with the daily Morning Star from the start Read more…
The New Zealand dollar has edged lower on Friday. In the European session, NZD/USD is trading at 0.6244, down 0.33%. Retail sales post modest gain It wasn’t a spectacular rebound by any means, but New Read more…
GBPJPY is retreating somewhat above the downward sloping short-term simple moving averages (SMAs). The rebound off the 162.95 support level lasted until the 169.05 resistance level, with the technical oscillators confirming the recent sideways move. The Read more…
The Euro started a steady increase above the 1.0300 and 1.0320 resistance levels against the US Dollar. The EUR/USD pair gained pace above the 1.0380 level to move into a positive zone. It tested the Read more…
Short term Elliott Wave View in GBPUSD suggests that the cycle from 11.4.2022 low is unfolding as a zigzag Elliott Wave structure. Up from 11.4.2022 low, wave ((a)) ended at 1.2029. Pullback in wave ((b)) Read more…
USDCAD has been in an uptrend since March, storming to a fresh 29-month high of 1.3976 before experiencing a significant downside correction. Even though the pair managed to erase part of the recent pullback, it has Read more…