Daily Pivots: (S1) 152.78; (P) 153.08; (R1) 153.58; More… Intraday bias in USD/JPY is back on the upside as USD/JPY’s up trend resumed through 153.37 temporary top. Further rally should be seen to 155.20 fibonacci Read more…
The forex markets are primarily focused on Yen’s continued broad-based decline as another trading week commences. In particular, the Japanese currency has now reached a new 34-year low against Dollar. Despite frequent official warnings and Read more…
New Zealand’s service sector saw a significant downturn in March, as evidenced by BusinessNZ Performance of Services Index, which fell sharply from 52.6 to 47.5. This decline places the index back in contraction territory, and Read more…
ECB Governing Council member Francois Villeroy de Galhau indicated an interest rate cut is on the table at the next meeting in June. Onward, there would be more policy loosening this year with a “gradualism” Read more…
Key Highlights EUR/USD started a major decline below the 1.0780 support. It traded below a key bullish trend line with support at 1.0850 on the 4-hour chart. Iran launched more than 300 drones and missiles Read more…
Quietly, silver has become hot in 2024. The big question is if it can stay hot. As of the April 12 close, silver was up nearly 18% so far in 2024, settling at at $28.33 per troy Read more…
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURGBP published in members area of the website. Our team recommended members to avoid buying Read more…
USDCAD broke key resistance level 1.3625 Likely to rise to resistance level 1.3860 USDCAD rising strongly after the earlier breakout of the key resistance level 1.3625 (which has been reversing the price from December) intersecting Read more…
GBPAUD reversed from support level 1.918 Likely to rise to resistance level 1.9360 GBPAUD recently reversed up from the key support level 1.918 (which has been reversing the price from January). The support level 1.918 Read more…
