Daily Pivots: (S1) 135.93; (P) 136.89; (R1) 137.57; More… With 135.95 minor support intact, USD/JPY’s rise from 133.61 short term bottom is in progress, and should target 55 day EMA (now at 141.20). However, break Read more…
Daily Pivots: (S1) 0.9369; (P) 0.9403; (R1) 0.9443; More… Range trading continues in USD/CHF and intraday bias stays neutral. Considering bullish convergence condition in 4 hour MACD, break of 0.9545 will indicate short term bottoming Read more…
Daily Pivots: (S1) 1.0449; (P) 1.0500; (R1) 1.0556; More… Range trading continues in EUR/USD and intraday bias remains neutral. Considering bearish divergence condition in 4 hour MACD, break of 1.0427 minor support will indicate short Read more…
Daily Pivots: (S1) 1.2133; (P) 1.2184; (R1) 1.2261; More… GBP/USD is staying in consolidation from 1.2343 and intraday bias remains neutral for the moment. Further rise remains mildly in favor as long as 1.1898 support Read more…
Trading in the currency markets continues to be rather subdued. Canadian Dollar remains the weakest together Yen. The dovish rate hike by BoC overnight didn’t trigger more selloff, though. Yen is having little reaction to Read more…
Gold’s rally halted after hitting 1809.80 earlier in the week, but failed to sustain above 1800 handle and turned into consolidations. Dollar’s recovery is capping Gold’s strength. Traders in the currency markets are generally cautious Read more…
Australia exports of goods and services dropped -0.9% mom to AUD 60.01B in October. Imports dropped -0.7% mom to AUD 47.85B. Trade surplus narrowed slightly from AUD 12.44B to AUD 12.22B, slightly above expectation of Read more…
Key Highlights Bitcoin price is struggling to clear the $17,400 resistance zone. It traded below a key bullish trend line with support at $16,950 on the 4-hours chart. The price could gain bearish momentum if Read more…
Short term Elliott Wave View in EURAUD suggests the cycle from 8.25.2022 low is unfolding as a zigzag Elliott Wave structure. Up from 8.25.2022 low, wave ((A)) ended at 1.5706 and wave ((B)) pullback ended Read more…
He predicts a global economic and financial crisis, sparked by a debt bubble and accompanied by stagflation. Nouriel Roubini, chief economist at Atlas Capital, made his name calling the financial crisis of 2007-09, earning the Read more…