The USDJPY advances for the third consecutive day and cracks initial barrier at 137.94 (Fibo 23.6% of 151.94/133.62 descend). The dollar received fresh boost from renewed warnings from economists that the US economy is heading Read more…
Stock futures lower as growth, inflation worries mount; Toll Brothers gains after solid Q4 earnings, home building outlook; BlackRock edges lower as activist investor targets CEO Larry Fink; GameStop higher ahead of Q3 earnings with Read more…
The British Pound started a downside correction from the 1.2350 zone against the US Dollar. The GBP/USD pair declined below 1.2300 to move into a short-term bearish zone. The pair even settled below the 1.2220 Read more…
Market picture The crypto market remains detached from movements in traditional financial markets. Bitcoin continues to hover around $17K, despite the S&P 500 is down 1.5% and the Nasdaq down 2%. The capitalisation of the Read more…
Looking at the 1H timeframe, we see the development of the corrective wave b, which is part of the global zigzag. Correction b most likely takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first Read more…
The FTSE 100 falters as traders ponder the Fed’s potential stance next week. The bulls are testing the major supply zone from this year’s highs around 7630 where strong downward pressure could be expected. As Read more…
The Australian dollar softened after the RBA lifted its cash rate by 25bp as expected. On the daily chart, the pair has been grinding up along the 20-day moving average. September’s high of 0.6900 may Read more…
The US dollar edges higher as dovish incentives for the Fed fade amid robust data. The pair came under pressure at 1.0600 which is a supply zone from last June’s sell-off. The directional bias remains Read more…
Markets US stock markets lost more dash yesterday, ceding again up to 2% (Nasdaq) in the close and completely erasing the exaggerated reaction to last week’s dovish interpreted Fed Chair Powell speech. Technically, the S&P Read more…
Daily Pivots: (S1) 165.78; (P) 166.64; (R1) 167.13; More… Intraday bias in GBP/JPY stays neutral at this point. On the downside, break of 164.02 should resume the whole fall from 172.11 through 163.02 support. Nevertheless, Read more…