Short term Elliott Wave view in AUDUSD shows an incomplete bullish sequence from 10.13.2022 low favoring more upside. Rally from 10.13.2022 low is unfolding as a double three Elliott Wave structure. Up from 10.13.2022 low, Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. Overnight, USDJPY had some bullish Read more…
BoJ Governor Haruhiko Kuroda told the parliament, “it’s premature to lay out details of an exit strategy. But one major factor of debate will be the pace of increase in the BoJ’s short-term policy rate, Read more…
Minneapolis Federal Reserve Bank President Neel Kashkari said, “at the next meeting, which is mid-December, I don’t know what we are going to do.” “There’s a lot of talk in the public about might we raise Read more…
Chicago Fed President Charles Evans said yesterday, “there’s benefits to adjusting the pace (of tightening) as soon as we can.” “I’m hopeful that we’re getting to a point where the dynamics for inflation turning over Read more…
Following last week’s dovish triple hike by the Bank of England, pound traders are now likely to turn their attention to the first estimate of the UK GDP for Q3 due out on Friday at Read more…
Key Highlights NZD/USD started a fresh increase above the 0.5800 resistance. A major rising channel is forming with support near 0.5835 on the 4-hours chart. Gold price might continue higher above $1,715 and $1,720. The Read more…
Major central banks around the world have been hiking rates at an unprecedented pace in order to try and cap inflation, which in some countries is at or near 40-year highs. However, the question remains Read more…
The US Dollar has been moving lower since making a high on September 28th at 114.78. However, the selloff picked up steam on Friday as speculation made the rounds that China was going to reduce, Read more…
WTI reversed from resistance 92.25 Likely to fall to support level 82.90 WTI crude oil recently reversed down from the pivotal resistance 92.25 (previous monthly high and top of wave A from October) – intersecting Read more…