Short Term Elliott Wave in Dow Futures (YM) suggests the decline from 7.27.2023 high has ended with wave (W) at 33014. The Index is now correcting that cycle in wave (X) with internal subdivision as Read more…
The GBP is the second weakest currency among the major US dollar pairs in the past five days. A potential bearish reversal set-up has emerged for GBP/JPY while the JPY bears seem to be cautious Read more…
US stocks are declining on soft earnings, rising rates, and as the risks grow for a potential widening of the Israel-Hamas conflict. Today’s round of earnings from Morgan Stanley, JB Hunt, and United Airlines told Read more…
Markets The US yield curve is going after 5%+. Another sell‐off in Treasuries yesterday hurled yields between 1.3 and 8.2 bps higher in a move not driven by any particular news event. Real yields once Read more…
Daily Pivots: (S1) 1.0508; (P) 1.0551; (R1) 1.0579; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0447 is still in progress. On the downside, firm break of 1.0447 will resume whole fall from Read more…
Daily Pivots: (S1) 1.2115; (P) 1.2163; (R1) 1.2189; More Intraday bias in GBP/USD remains neutral as consolidation from 1.2026 is extending. On the downside, decisive break of 1.2036 will resume whole decline from 1.3141 for Read more…
Daily Pivots: (S1) 0.8958; (P) 0.8987; (R1) 0.9021; More…. In the bigger picture, as long as 55 D EMA (now at 0.8976) holds rise from 0.8551 is viewed as reversing whole down trend from 1.0146 Read more…
Daily Pivots: (S1) 149.63; (P) 149.79; (R1) 150.08; More… Intraday bias in USD/JPY remains neutral and range trading is still in progress. On the downside, below 148.24 minor support will turn bias to the downside Read more…
Daily Pivots: (S1) 0.6312; (P) 0.6352; (R1) 0.6377; More… Intraday bias in AUD/USD stays neutral for the moment, and outlook remains bearish with 0.6444 resistance intact. On the downside, decisive break of 0.6284 will confirm Read more…
Daily Pivots: (S1) 1.3649; (P) 1.3684; (R1) 1.3750; More…. USD/CAD’s rebound from 1.3568 resumed by breaking 1.3701 and intraday bias is back on the upside. Retest of 1.3784 resistance should be seen next. Break there Read more…