Daily Pivots: (S1) 142.18; (P) 142.96; (R1) 144.07; More… USD/JPY’s rebound from 140.25 short term bottom is in progress. Intraday bias stays on the upside for 38.2% retracement of 151.89 to 140.25 at 144.69. On Read more…
Daily Pivots: (S1) 1.3323; (P) 1.3348; (R1) 1.3377; More… USSD/CAD’s rebound from 1.3176 short term bottom is still in progress. Intraday bias stays on the upside for 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Read more…
Daily Pivots: (S1) 0.6698; (P) 0.6735; (R1) 0.6767; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Pull back from 0.6870 short term top is in progress for 0.6689 resistance turned Read more…
Major US stock indexes closed lower overnight, after FOMC minutes revealed Fed might be hesitance to lower interest rates soon. Notably, the likelihood of a March interest rate cut, as inferred from Fed funds futures, Read more…
GOLD (XAUUSD) shows a bullish sequence from September 2022 low favoring further upside. The rally higher from 09.28.2022 is unfolding as Elliott Wave leading diagonal. Up from 09.28.2022 low, wave ((1)) ended at 2081.82 and Read more…
DXY: The DXY (US Dollar Index) chart currently has a bullish overall momentum, suggesting that the US Dollar is exhibiting strength. In the short term, there’s potential for a bullish bounce off the 1st support Read more…
Most people often find themselves wrestling with the question of how and when to spend money they have earned and saved on special events such as well-deserved vacations. For those trying to piece together this Read more…
China’s Caixin PMI Services marked a significant rise to 52.9 in December from 51.5, achieving its highest level since July. Concurrently, PMI Composite, which combines both manufacturing and services, also saw an improvement, climbing from Read more…
Japan’s PMI Manufacturing was finalized at 47.9 in December, down from November’s 48.3, marking the most significant sector contraction since February 2023. S&P Global reports that this downturn was characterized by notable declines in both Read more…
Minutes from FOMC’s December meeting indicate that some participants are concerned about the risks of stalling progress in bringing down inflation to target. Simultaneously, there is apprehension about downside risks to the economy resulting from Read more…