Daily Pivots: (S1) 127.21; (P) 128.64; (R1) 129.75; More… Intraday bias in USD/JPY remains mildly on the downside at this point. Correction from 131.34 short term top would extend lower to 125.09 cluster support (38.2% Read more…
Daily Pivots: (S1) 0.6804; (P) 0.6879; (R1) 0.6928; More… Intraday bias in AUD/USD stays on the downside for the moment. Current fall is part of the decline from 0.8006 and should target 0.6756 medium term Read more…
Overall market sentiment stabilize in Asia today, with Nikkei leading other major indexes higher. Bitcoin is trading back above 20k, arguing that the climax of the crypto rout is over. In the currency markets, both Read more…
DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our Read more…
Fed Chair Jerome Powell said in an interview that “what we were actively considering, and this is just a factual recitation of what happened at the meeting, was a 50-basis point increase… if the economy Read more…
San Francisco Federal Reserve President Mary Daly said yesterday she’d like to Would like to see continued tightening of financial conditions to help bring down inflation. Yet, 75bps rate hike is “not a primary consideration”. Read more…
BoC Deputy Governor Toni Gravelle said yesterday, “our policy rate, at 1%, is too stimulative, especially when inflation is running significantly above the top of our control range. We need our policy rate to be Read more…
Key insights from the week that was. Confidence in the economy (and financial instruments) has been a key talking point for markets this week. For Australia’s business sector, NAB’s April survey showed a decline in Read more…
WTI prices continued to move in a rather tight range for the past several weeks, indirectly displaying some uncertainty in the Oil market. Traders have a lot of information to consider at this point, with Read more…
Short Term View in USDCAD suggests cycle from 04.21.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from April 21 low, wave ((i)) ended at 1.288 and dips in wave Read more…