Category: Cryptocurrencies

Daily Pivots: (S1) 1.3424; (P) 1.3472; (R1) 1.3524; More…. Intraday bias in USD/CAD stays neutral at this point. On the upside, break of 1.3644 resistance will affirm the case that correction from 1.3976 has completed Read more…

Daily Pivots: (S1) 0.6747; (P) 0.6791; (R1) 0.6840; More… AUD/USD’s rally is resuming and intraday bias is back on the upside for 0.6871 fibonacci level. For now, outlook will remain bullish as long as 0.6641 Read more…

Dollar’s selloff continues in Asian session today as overall market sentiment is supported by further restriction easing in China. The improvement in sentiment is also reflected in some weakness in Yen and Swiss Franc. Australian Read more…

China Caixin PMI Services dropped from 48.4 to 46.7 in November, below expectation of 48.8. PMI Composite dropped from 48.3 to 47.0, signalling a third successive monthly contraction in business activity. The rate of decline Read more…

ECB Governing Council member Francois Villeroy de Galhau said in an interview on Sunday, for this month’s meeting, “it’s desirable to bring rates to 2%, so a rise of 0.5 or 50 basis points.” Bringing Read more…

BoE MPC member Swati Dhingra said in an Observer interview that interest rate in the UK should peak below 4.5% to avoid deepening and prolonging a recession. “You do see a much deeper and a longer Read more…

What has happened since the last RBA meeting? 10th November: Australia’s central bank says nearer to point when it can wait on rates (Reuters) CPI fell to 6.9% y/y, down from 7.4% and beneath the Read more…

Key Highlights EUR/USD is showing positive signs above the 1.0500 resistance. It broke a few hurdles near 1.0380 and 1.0480 on the 4-hours chart. GBP/USD extended gains and traded above the 1.2200 resistance. Gold price Read more…

In this article we’re going to take a quick look at the Elliott Wave charts of USDCAD, published in members area of the website. We have been favoring the long side in the pair. As Read more…