EUR/USD Yesterday’s trading session began with a bearish dominance, but later in the day, the bulls almost recovered all of their losses. At the time of writing the analysis, the bulls have gained momentum and Read more…
S&P 500 (SPX) broke below previous low on 5/21/2022 at 3810.32 and opens up a bearish sequence favoring further downside. The entire decline from 1/4/2022 high is unfolding as a triple three Elliott Wave structure. Read more…
The Dax 40 sinks as expectations of high interest rates continue to drive global equities south. A break below 13850, a support on the daily chart, prompted short-term bulls to close their bets. The fall Read more…
The pound softened after an unexpected rise in the UK’s unemployment rate in April. The pair is struggling to hold onto its recent gains after a rally above last April’s high at 168.40. A drop Read more…
Gold tumbles as the US dollar regains bullish impetus across the board. A clean cut below the demand zone at 1828 indicates weak interest in safeguarding the latest rebound. As trapped buyers look to exit, Read more…
The Federal Reserve (Fed) will announce its latest rate decision today, but most of the wild ride is certainly done by now; the market fully prices in a 75bp hike at today’s decision. Investors know Read more…
Market movers Things can turn around quite rapidly in the current environment and it seems very likely at this point that the Fed makes another U-turn tonight by hiking 75bp (now fully priced by markets) Read more…
The crypto market is now worth less than $950 billion compared to $3 trillion in November. When is it going to stop? The descent into hell or the return to earth of cryptocurrencies unfortunately continues Read more…
Daily Pivots: (S1) 1.2890; (P) 1.2932; (R1) 1.2999; More… Intraday bias in USD/CAD remains on the upside for 1.3075 resistance. Firm break there will resume medium term rally and sustained trading above 1.3022 fibonacci level Read more…
The forex markets are steady in tight range in Asia, while Dollar remains the strongest one for the week. Main focus today is on whether Fed would deliver a 75bps hike as markets fully priced Read more…