Dollar’s strength remains unabated, particularly against its European counterparts and Yen. The greenback rose alongside 10-year yield, which soared past the 4.6% mark overnight, a level unseen in over 15 years. The surging global treasury Read more…
Short term Elliott Wave view suggests the USDJPY is trading to the upside in a wave 3 following an impulse structure. Up from wave 2 at 9.11.2023 low, wave ((i)) ended at 148.46 as a Read more…
DXY: The DXY chart currently exhibits a bullish momentum, with a potential short-term drop to the 1st support at 105.83, identified as a pullback support, before potentially rising towards the 1st resistance. The 2nd support Read more…
Oil prices saw a sharp ascent overnight, extending their gains into Asian trading session today and marking their highest point in over a year. With technical indicators pointing to a potential acceleration, WTI oil is Read more…
Key Highlights NZD/USD is attempting a recovery wave above the 0.5920 level. A major bearish trend line is forming with resistance near 0.5950 on the 4-hour chart. EUR/USD is accelerating lower toward the 1.0500 level. Read more…
The latest retail statistics out of Australia show a muted picture of consumer spending, with retail sales turnover in August rising only 0.2% mom (in seasonally adjusted terms) to AUD 35.4B, falling short of the Read more…
September has seen a noteworthy rebound in New Zealand’s ANZ Business Confidence, rising from -3.7 to 1.5. However, a closer examination of the details offers a more nuanced picture. Metrics such as own activity output Read more…
USDCHF broke resistance level 0.9150 Likely to rise to resistance level 0.9300 USDCHF currency pair recently broke above the strong resistance level 0.9150 (former multi-month high from May) standing near the 61.8% Fibonacci correction of Read more…
EURUSD broke key support level 1.0530 Likely to fall to support level 1.0420 EURUSD currency pair recently broke key support level 1.0530 (which has been reversing the price from January) intersecting with the 50% Fibonacci Read more…
The controversy and social media uproar over one major airlines’ reaction to crowding in airport lounges seems to have made a difference. At a Rotary Club of Atlanta meeting Sept. 25, Delta Air Lines (DAL) Read more…