Stock futures higher as dollar retreats, Fed in sight; Toyota slides as world’s biggest carmaker cuts 2023 profit guide; President Biden threatens ‘windfall tax’ on big oil profits; AMD higher ahead of Q3 earnings amid Read more…
RBA Governor Philip Lowe said in a speech that the earlier large 50bps rate hikes wereto “move interest rates quickly away from their pandemic levels to address the rapidly emerging inflation problem.” As interest rates Read more…
Swiss SECO Consumer Confidence fell further from -42 to -47 in Q4, below expectation of -43. That’s the record low level since the survey began in 1972. Looking at some details, expected economic development dropped Read more…
EURJPY is moving sideways after the jump to the eight-year high of 148.40, failing to endorse the bullish outlook in the long-term. The RSI indicator is moving lower in the positive region, while the MACD Read more…
The structure of the GBPUSD currency suggests the formation of a global corrective trend – a triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The Read more…
The Dow Jones 30 inches higher as investors await the Fed’s policy meeting. A short squeeze above the September high at 32600 has put the bears on the defensive. Heightened volatility shows that wrong-footed traders Read more…
Silver slips as the dollar index recoups recent losses. The price has stabilised over the daily support and psychological level of 18.00. A series of higher highs led sellers to cover their positions. The market Read more…
The euro retreats over muted GDP growth in the eurozone. The price action is hovering around parity in an attempt to hold onto its recent gains, a sign of the bulls’ strong attachment to this Read more…
Daily Pivots: (S1) 169.91; (P) 171.02; (R1) 171.70; More… GBP/JPY retreated after hitting 172.11 and intraday bias is turned neutral first. Downside of retreat should be contained above 164.95 support to bring another rally. Break Read more…
Daily Pivots: (S1) 146.55; (P) 147.16; (R1) 147.60; More…. Intraday bias in EUR/JPY stays neutral as consolidation from 148.38 is extending. In case of another fall, downside should be contained 140.88/144.06 support zone to bring Read more…