Cryptocurrencies
USD/JPY Daily Outlook
Daily Pivots: (S1) 146.82; (P) 147.31; (R1) 148.22; More… Intraday bias in USD/JPY remains on the upside at this point. Current rally is part of the whole rise from 127.20, and should target a test Read more…
Cryptocurrencies
Elliott Wave View: DAX Looking to Extend Lower in Double Three
DAX ended cycle from September 28, 2022 low with wave ((1)) at 16528.97 as the 1 hour chart below shows. Index is currently in wave ((2)) pullback to correct the larger degree from September 2022 Read more…
Cryptocurrencies
Japan’s Kanda flags “high urgency” as Dollar bears 148 Yen
Japan’s Vice Minister of Finance for International Affairs, Masato Kanda, issued a strong warning as Dollar approaches 148 yen, marking a high for this year. Kanda stated, “We are closely monitoring the situation, with a Read more…
Cryptocurrencies
BoJ’s Takata signals new dawn in wage-price cycle
BoJ board member Hajime Takata highlighted in a speech today the significant shifts in firms’ behavior on price-setting and wages, leading to a budding “virtuous cycle between wages and prices” in Japan. The existence of Read more…
Cryptocurrencies
Australia GDP grew 0.4% qoq on capital investment and services exports
Australia’s GDP saw 0.4% qoq growth in Q2, aligning perfectly with market expectations. This marks the seventh consecutive quarter of economic growth for the nation. The economy exhibited resilience with a 3.4% annual growth rate Read more…
Cryptocurrencies
Will BoC Come to Loonie’s Rescue?
The Bank of Canada (BoC) might move to the sidelines on Wednesday at 14:00 GMT after two rate increases during the summer. Investors are not seeing any additional hikes in the year ahead, but they Read more…
Cryptocurrencies
Will BoC Come to Loonie’s Rescue?
The Bank of Canada (BoC) might move to the sidelines on Wednesday at 14:00 GMT after two rate increases during the summer. Investors are not seeing any additional hikes in the year ahead, but they Read more…
Cryptocurrencies
Will BoC Come to Loonie’s Rescue?
The Bank of Canada (BoC) might move to the sidelines on Wednesday at 14:00 GMT after two rate increases during the summer. Investors are not seeing any additional hikes in the year ahead, but they Read more…
Cryptocurrencies
Will BoC Come to Loonie’s Rescue?
The Bank of Canada (BoC) might move to the sidelines on Wednesday at 14:00 GMT after two rate increases during the summer. Investors are not seeing any additional hikes in the year ahead, but they Read more…