Short Term Elliott Wave View in Gold suggests the decline from March 08, 2022 high completed 3 waves down as a zig zag Elliott Wave structure. Down from March 08 wave ((1)) high, wave A Read more…
Daily Pivots: (S1) 1.1022; (P) 1.1079; (R1) 1.1150; More… Intraday bias in EUR/USD remains neutral with focus on 1.1120 support turned resistance. Firm break there will confirm short term bottoming at 1.0805. Bias will be Read more…
Yen remains the weakest one for the week, following the extended rebound in US stocks overnight, and persistent strength in treasury yields. Swiss Franc and Dollar are also soft as distant second and third. Meanwhile, Read more…
WTI crude oil is back at 106 as rebound from 93.98 extends. Russia is showing no sign of stopping its invasion of Ukraine despite waves of sanctions and rounds of negotiations. Earlier this week, the Read more…
DOW’s strong break of 34179.07 resistance overnight was a clear near term bullish signal. The development suggests that correction from 36952.65 has completed with three waves down to 32272.64. A weekly close above near term Read more…
BoJ kept monetary policy unchanged as widely expected today. Under the yield curve control frame work, short-term policy interest rate is held at -0.10%. As for long-term interest rate, BoJ will continue to purchases JGBs, Read more…
Key insights from the week that was. The past week has been significant for global central banks. Key data releases have also been received for Australia, New Zealand and China. Beginning in Australia, most notable Read more…
With the war in Ukraine raging and central banks raising interest rates, equity markets have come under heavy fire. The S&P 500 has lost only 10% this year but that doesn’t tell the whole story. Read more…
Key Highlights USD/JPY started a major increase after it broke the 115.00 resistance. A major bullish trend line is forming with support near 118.40 on the 4-hours chart. EUR/USD could gain pace if it clears Read more…
WTI Crude Oil soared over 8% today in what has been extremely volatile March. The International Energy Agency (IEA) wanted that 3,000,000 bpd of oil from Russia could be shut-in within the next 3 months. Read more…