The New Zealand dollar bounced back after the Q4 jobless rate dropped to 3.2%. The pair saw bids over September 2020’s lows around 0.6530. The RSI’s repeated oversold situation has caught bargain hunters’ attention. However, Read more…
The Canadian dollar advanced after November’s GDP exceeded expectations. A break above the supply zone at 1.2730 has put the US counterpart back on track. Nonetheless, the rally came to a halt at the daily Read more…
The Australian dollar recovered after the RBA signaled an end to its bond-buying program. The recent sell-off below the daily support and psychological level of 0.7000 further weighed on market sentiment. As the RSI dipped Read more…
Markets The most interesting action occurred on German bond markets yesterday. Yields surged further north in the wake of the much smaller-than-expected HICP decline. The short end of the curve underperformed with the 2y yield Read more…
The Dow Jones, S&P 500, and Nasdaq 100 indices tilted higher after positive corporate results. On Tuesday, UBS reported that 2021 was its best year in over 15 years as the wealth management segment performed Read more…
US stocks gained for the third consecutive session, and the gains seemed more stable this time, as the VIX index retreated below the 22 mark. The Federal Reserve (Fed) storm is coming to an end, Read more…
The short-term Elliott wave view in EURUSD suggests that the pair is doing a corrective bounce to correct the cycle from January 14, 2022 high. While the decline to $1.1120 low has ended wave 1 Read more…
Daily Pivots: (S1) 154.68; (P) 154.94; (R1) 155.40; More… Intraday bias in GBP/JPY remains neutral as consolidation from 152.88 is extending. Fall from 157.74 should be the third leg of the corrective pattern from 158.19. Read more…
Daily Pivots: (S1) 128.94; (P) 129.23; (R1) 129.60; More…. EUR/JPY is staying in consolidation from 128.23 and intraday bias remains neutral. Outlook is unchanged that corrective pattern from 134.11 is extending with another falling leg. Read more…
Daily Pivots: (S1) 0.8315; (P) 0.8338; (R1) 0.8357; More… Intraday bias in EUR/GBP remains neutral first. Near term outlook stays bearish as long as 0.8421 resistance holds. Break of 0.8304 will resume larger down trend Read more…