Daily Pivots: (S1) 1.2854; (P) 1.2885; (R1) 1.2906; More… Break of 1.2859 minor support suggest that deeper correction is underway in USD/CAD. Intraday bias is back on the downside for 55 day EMA (now at Read more…
Canadian Dollar and Swiss Franc continue to be the stronger ones in subdued trading. Euro and Dollar and trailing for now. On the other hand, Aussie and Kiwi are still the underperformer, despite recovery attempt Read more…
The CEO of Tesla has become the most influential boss in the world since 2022. His influence continues to grow. Elon Musk has many titles even if he hates honors. He is the chief executive Read more…
Swiss Franc is trading as the strongest one for the month so far. It was boosted by SNB’s surprised 50bps rate hike earlier. Also, latest data showed that total level of the central bank’s sight Read more…
While bitcoin stabilized after the selloff earlier this month, there is little momentum for a sustainable recovery. 20k handle is still looking vulnerable. The massive selling by miners are not giving bitcoin much help. According Read more…
Markets stewed in their own juices overnight leaving equities and currencies and precious metals trading in noisy ranges, but ultimately finishing not too far from where they started. The big mover overnight was oil, which Read more…
DXY: On the H4, with prices expected to bounce off stochastic support and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices from our 1st support at Read more…
Short term Elliott Wave view in Nikkei suggests the decline from 3/29/2022 peak is unfolding as a zigzag Elliott Wave structure. A Zigzag is a corrective structure labelled as ABC with 5-3-5 subdivision. Down from Read more…
When OPEC+ last met in early June, the Committee decided that it would increase output from 632,000 bpd to 648,000 bpd, as member nations decided to take the expected increase for September and divide it Read more…
With inflation data and manufacturing data from both the US and the EU this week, EUR/USD could be volatile. The European Central Bank held an extraordinary meeting two weeks ago to discuss the fragmentation of Read more…