The dollar index lost 4% last week, the most significant drop since March 2020. Such powerful moves against the trend often signal a further trend reversal. However, it will probably be a slower pace of Read more…
In the long term, AUDUSD seems to be forming a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ, where the primary wave Ⓩ is a simple zigzag (A)-(B)-(C). The intermediate wave (B) of this zigzag took the form of Read more…
After a huge rally last week, the Japanese yen has reversed directions today. USD/JPY is trading at 140.21, up 0.99%. On the economic calendar, Japan releases GDP for the third quarter. There are no economic Read more…
The dollar index edges higher in Asian / early European trading on Monday, after the greenback lost ground and fell over 4% last week, on growing expectations that cooler inflation would prompt Fed to ease Read more…
The euro is supported by the market interest to risk and strong confidence that the US Federal Reserve System on its December meeting will take a pause and increase the interest rate by fewer base Read more…
The fallout from FTX’s spectacular collapse last week continues to echo through crypto markets as officials probe mysterious withdraws and pick through the failed exchanges complicated balance sheet. Bitcoin prices steadied in overnight trading, while Read more…
ECB Executive Board member Fabio Panetta said in a speech, “after the progress we have already done in adjusting our policy stance, an aggressive tightening is not advisable, for two main reasons.” First, “current macroeconomic Read more…
Stocks futures edge lower after best week since June; Retail sales, earnings in focus this week; President Biden meets President Xi at G20 summit in Bali; FTX bankruptcy raises security issues, crypto markets steady and Read more…
Eurozone industrial production rose 0.9% mom in September, well above expectation of 0.1% mom. Production of non-durable consumer goods rose by 3.6% and capital goods by 1.5%, while production of intermediate goods as well as Read more…
Chinese Yuan surges today and hits the highest level against Dollar since early October. The rally was fueled by growing optimism that China is going to relax is strict zero-COVID policy, even as outbreaks worsen Read more…