Short term Elliott Wave view on EURUSD suggests the cycle from 10.04.2022 high is over at 0.9630 low as a double correction structure. The market bounced and a new double correction is in progress to Read more…
Markets Markets whipsawed yesterday, lacking guidance from mixed economic data in Germany (ZEW) and the US (industrial production strong but tumbling NAHB housing market confidence). Stocks finished in the green (about +1%) but were well Read more…
British efforts to reverse the Liz Truss-induced calamity, and better-than-expected earnings in the US give a boost to the global financial markets. But the recession fears, the hawkish Fed expectations and headache around a too-strong Read more…
Daily Pivots: (S1) 167.96; (P) 168.89; (R1) 169.87; More… Intraday bias in GBP/JPY stays on the upside despite some loss of upside momentum. Firm break of 61.8% projection of 148.93 to 165.69 from 159.71 at Read more…
Daily Pivots: (S1) 146.51; (P) 146.85; (R1) 147.48; More…. Intraday bias in EUR/JPY remains on the upside despite some loss of upside momentum. Current rally should target 100% projection of 133.38 to 145.62 from 137.32 Read more…
Daily Pivots: (S1) 0.8652; (P) 0.8692; (R1) 0.8748; More… Intraday bias in EUR/GBP stays neutral for the moment. Further decline is expected with 0.8869 resistance intact. On the downside, break of 0.8577 will resume the Read more…
Daily Pivots: (S1) 1.5551; (P) 1.5616; (R1) 1.5686; More… Despite some loss of upside momentum, further rise is expected in EUR/AUD with 1.5429 support intact. Next target is 161.8% projection of 1.4281 to 1.4965 from Read more…
Daily Pivots: (S1) 0.9781; (P) 0.9801; (R1) 0.9821; More…. Intraday bias in EUR/CHF stays mildly on the upside despite some loss of upside momentum. Current rise from 0.9407 should target 61.8% projection of 0.9407 to Read more…
UK CPI rose 0.5% mom in September, above expectation of 0.4% mom. In the 12 months to September, CPI accelerated from 9.9% yoy to 10.1% yoy, above expectation of 10.0% yoy. That’s the highest level Read more…
Daily Pivots: (S1) 1.3657; (P) 1.3734; (R1) 1.3810; More… Intraday bias in USD/CAD remains neutral as consolidation from 1.3976 is still extending. Outlook will stay bullish as long as 1.3501 support holds. Firm break of Read more…