The structure of the USDCHF currency shows the final part of a large double zigzag consisting of cycle sub-waves w-x-y. This pattern looks fully completed. It is possible that the price reduction in the intervening Read more…
The Dow Jones 30 rallies ahead of a new set of US inflation data. The current recovery has gained traction once above 32000, sending the index towards the key supply zone around 33300 at the Read more…
The euro strengthens as the ECB would reportedly accelerate its rate hikes to bring down inflation. The pair is at a crossroads under June’s high at 0.8720. A combination of profit-taking and fresh selling could Read more…
The Japanese yen bounced after the government hinted at intervention to support its currency. The dollar gained momentum after it cleared the previous top at 139.30. However, it soon came under pressure at the psychological Read more…
This morning saw the release of Australian Business and Consumer Confidence data, framed against surging prices and a fourth consecutive 50bp rate hike from the RBA last week. Extending its rebound from the June low Read more…
Markets US Treasuries underperformed German Bunds yesterday. US yields added 1.4 bps to 6.5 bps with the 10-30yr bucket being worse off. The main move occurred in the wake of a very weak $32bn 10-yr Read more…
Global indices made a solid start to the week. The EuroStoxx 600 closed yesterday 1.76% higher on news that the Ukrainians are doing well pushing back the Russians in territories they launched a counteroffensive, while Read more…
Credit: Robert Triggs / Android Authority All smartphones offer camera zoom functionality of some kind, whether it’s via a telephoto/periscope camera, hybrid zoom tech, or a purely software-based approach.
Daily Pivots: (S1) 0.9611; (P) 0.9679; (R1) 0.9722; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the downside, below 0.9631 will bring retest of 0.9550 low. Firm break there will resume larger Read more…
Daily Pivots: (S1) 1.2949; (P) 1.2999; (R1) 1.3035; More… Intraday bias in USD/CAD stays neutral with focus on 1.2971 support. Firm break there will argue that corrective pattern from 1.3222 is extending with another falling Read more…