Dollar strengthens mildly in Asia today but overall markets have been quiet this week so far. Euro continues to consolidate last week’s sharp gain, ahead of a key near term resistance against the greenback. Commodity Read more…
Australia NAB business confidence rose from -12 to 3 in January, turned positive. Business conditions, however, dropped from 8 to 3. Looking at some details, trading conditions dropped from 14 to 7. Profitability conditions dropped Read more…
RBNZ is currently commencing Central Bank Digital Currency (CBDC) proof-of-concept design work, which is a “multi-stage and multi-year effort”. The consultation on an issues paper Future of Money – Cash System Redesign, which closes on Read more…
The short-term Elliott wave view in WTI (CL) shows that we are looking for more upside to complete a 5 waves impulse structure, before a 3 swings pullback at least. The impulse move started from Read more…
Key Highlights GBP/USD started a downside correction from the 1.3635 resistance zone. Earlier, it surpassed a major bearish trend line at 1.3525 on the 4-hours chart. EUR/USD is consolidating gains below the 1.1480 resistance. Gold Read more…
The ECB and its “sources” were more hawkish than expected last week. As a result, EUR/USD was up almost 3% for the week. The ECB is worried about inflation! What was once the most dovish Read more…
The key takeaway point from a rather busy last week was this: interest rates are going to rise quicker than previously thought. At the start of this week, investors have continued to offload government bonds, Read more…
Hello fellow traders. Another instrument that has given us nice trading opportunity recently is NZDJPY . In this technical article we’re going to take a look at the past charts of NZDJPY presented in members Read more…
EURCAD reversed from resistance level 1.4645 Likely to fall to support level 1.4400 EURCAD currency pair recently reversed down strongly from the key resistance level 1.4645 (which has been reversing the price from May of Read more…
Billionaire right-wing activist reportedly plans to focus on electing Republicans who support Trump agenda. Silicon Valley billionaire and right-wing activist Peter Thiel is leaving the Meta Platforms (FB) – Get Meta Platforms Inc. Class A Read more…