Daily Pivots: (S1) 150.68; (P) 151.46; (R1) 151.87; More… Intraday bias in GBP/JPY stays on the downside for the moment. Decline from 158.04, which is seen as the third leg of the consolidation pattern from Read more…
US stocks were hammered again overnight and selling continues in Asia. But major currency pairs and crosses are trading in tight range, digesting recent moves. Euro and Sterling are recovering some grounds while Aussie is Read more…
Australia NAB business confidence rose from 4 to 13 in February. Business conditions rose from 2 to 9. Looking at some details, trading conditions rose from 8 to 10. Profitability condition rose from 2 to Read more…
Japan bank lending grew 0.4% yoy in February, below expectation of 0.6% yoy. That’s the slowest rate since May 2012. Lending by major banks dropped -1.3% yoy, biggest decline since August 2021. Regional banks’ lending Read more…
The Australian economy ended 2021 on a very strong note, expanding by 3.4% in the December quarter – matching the September 2020 outcome, and together the fastest quarterly growth rate since March 1976. The main Read more…
Key Highlights GBP/USD followed a bearish path below 1.3280. Gold price extended gains and tested the $2,000 resistance. Crude oil price surged to $130 before correcting lower. AUD/USD and NZD/USD performed better than GBP/USD and Read more…
On February 11th, the US announced that Russia could invade Ukraine any day. Since then, the US Dollar Index has moved from a low on February 11th of 95.64 to a high today of 99.42, Read more…
The ECB meets on Thursday for its March interest rate decision meeting. Expectations are widely held that the central bank with leave rates unchanged. However, investors will be watching to see if and how the Read more…
Short Term Elliott Wave View in Gold (XAUUSD) suggests that cycle from September 30, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from September 30 low, wave 1 ended at Read more…
War in Ukraine led GBP/USD to sell off for a third consecutive day on Monday. The pair has dropped by c. 3.26% since the conflict in the Ukraine began on 24 September to recently trade Read more…