GBPUSD has been in a prolonged downtrend since the beginning of the year, generating a clear structure of lower highs and lower lows. Although the pair managed to find its feet at the 37-year low Read more…
Asian shares rose on Tuesday, tracking the positive overnight cues from Wall Street as investors turned cautiously optimistic over the highly anticipated US inflation report. In Europe, stock futures point to a mixed open along Read more…
EUR/USD The single European currency continued to recover the losses it suffered after its aggressive decline since the beginning of summer. The day started off calmly, but after comments on further ECB policy tightening, we Read more…
Italy will head to the polls on September 25 amid the painful energy crunch. The political landscape in the third largest EU economy has been notoriously unstable and it might enter a new era of Read more…
EURJPY skyrocketed to a fresh seven-and-a-half-year high of 145.65 on Monday’s sessions with the technical oscillator suggesting an overbought market. The RSI indicator is turning lower near the 70 level, while the %K and the Read more…
The structure of the USDCHF currency shows the final part of a large double zigzag consisting of cycle sub-waves w-x-y. This pattern looks fully completed. It is possible that the price reduction in the intervening Read more…
The Dow Jones 30 rallies ahead of a new set of US inflation data. The current recovery has gained traction once above 32000, sending the index towards the key supply zone around 33300 at the Read more…
The euro strengthens as the ECB would reportedly accelerate its rate hikes to bring down inflation. The pair is at a crossroads under June’s high at 0.8720. A combination of profit-taking and fresh selling could Read more…
The Japanese yen bounced after the government hinted at intervention to support its currency. The dollar gained momentum after it cleared the previous top at 139.30. However, it soon came under pressure at the psychological Read more…
This morning saw the release of Australian Business and Consumer Confidence data, framed against surging prices and a fourth consecutive 50bp rate hike from the RBA last week. Extending its rebound from the June low Read more…