The UK’s Labour Party is set to win a highly anticipated landslide victory in the general election. Cable is upbeat near 1.2770 and the FTSE futures are pointing at a positive start to the session. Read more…
Key insights from the week that was. In Australia, the Minutes from the RBA June Meeting provided more colour around the Board’s deliberations, in particular its considerations for monetary policy in the context of lingering Read more…
Daily Pivots: (S1) 1.2744; (P) 1.2756; (R1) 1.2772; More… GBP/USD’s rebound from 1.2612 is still in progress and intraday bias stays on the upside. Correction from 1.2859 should completed at 1.2612. Firm break of 1.2859 Read more…
Dollar’s broad-based decline continues in Asian session today as market attention shifts to the highly anticipated US Non-Farm Payroll data. Traders are eager to see a weak report on job and wage growth to reinforce Read more…
Short Term Elliott Wave in EURUSD suggests cycle from 4.16.2024 low is in progress as a 5 waves impulse. Up from 4.16.2024 low, wave 1 ended at 1.0916. Pullback in wave 2 ended at 1.0664 Read more…
Key Highlights USD/JPY climbed to a new multi-year high at 161.95 before it corrected lower. It traded below a key bullish trend line with support at 161.50 on the 4-hour chart. EUR/USD extended gains above Read more…
Markets focuses are on US Non-Farm Payroll report, a critical data release that could significantly influence market sentiment and monetary policy expectations. Dollar has been under selling pressure this week, driven by a series of Read more…
ECB President Christine Lagarde emphasized the importance of remaining vigilant in the fight against inflation in an interview with Portuguese TV RTP overnight. She underscored the necessity of being confident that inflation is on a Read more…
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Bitcoin ( BTCUSD). As our members know, Bitcoin is correcting the cycle from the 25068 Read more…
WTI broke resistance level 81.10 Likely to rise to resistance level 86.00 WTI crude oil recently broke the resistance level 81.10 (former top of the minor correction (b) from the end of May). The breakout Read more…