The current USDCAD timeframe shows the internal structure of the long-term correction wave (4) of the intermediate degree, which is part of the global downward impulse Ⓒ of the primary degree. It is likely that Read more…
EUR/USD On Tuesday, the single European currency failed to breach the formed range. The day started off calmly, but trading intensified at around 07:00 GMT after the release of the German preliminary inflation data.The news Read more…
EURGBP has been in a marvelous rally over the past three consecutive trading days, appreciating by 2.0% to top at 0.8600 and slightly above July’s intra swing high of 0.8583. The ascend picked up steam Read more…
USDJPY has been gaining ground in the short-term timeframe, holding above the one-month uptrend line, despite today’s pullback so far. Though, the market is still moving beneath the medium-term ascending trend line and awaits a Read more…
The Dax 40 remains under pressure as a brewing energy crisis compounds a hawkish ECB. The index bounced off the base of a bullish breakout in mid-July (12700). A combination of profit-taking and fresh buying Read more…
The pound plunges over fears of a pronounced recession as energy bills soar across the UK. Following a brief consolidation in July, a bearish MA cross on the daily chart indicates a continuation to the Read more…
The euro claws back losses as traders price in the likelihood of a large-sized rate hike by the ECB. The single currency has been struggling to hold onto the parity threshold. A whipsaw around 1.0080 Read more…
USD/JPY: On the H4 chart, price has confirmed a bullish momentum breaking the previous high. We are bullish bias- Price has tested 138.870 where the previous swing high and 161.8% extension sits and is looking Read more…
France household consumption in goods, in volume, dropped -0.8% mom in July. The decline was mainly due to further decrease of consumption of manufactured goods (–1.4% after –0.7%). Food consumption also decreased further (–0.4% after Read more…
Daily Pivots: (S1) 0.9980; (P) 1.0018; (R1) 1.0053; More… EUR/USD is still bounded in sideway trading and intraday bias remains neutral. Further decline is expected with 1.0094 resistance intact. On the downside, break of 0.9899 Read more…