GBP/JPY’s strong rally today and breach of 216.58 suggests that larger up trend is resuming. Intraday bias is back on the upside. Sustained trading above 216..58 will target 220.90 fibonacci projection. For now, risk will Read more…
EUR/JPY rebounded strongly today but stays in range of 183.14/186.30. Intraday bias remains neutral for the moment. On the upside, break of 186.30 will resume the rebound from 182.01 to retest 187.93 high. On the Read more…
At the Trump Account Summit in January, someone made a claim that runs counter to the guidance of many credentialed financial planners. “What I love about this thing is, it’s better than Social Security. It Read more…
Intraday bias in EUR/GBP remains mildly on the downside for 61.8% retracement of 0.8221 to 0.8863 at 0.8466. On the upside, above 0.8573 minor resistance will turn bias neutral first. But risk will stay on Read more…
Intraday bias in EUR/AUD remains neutral as consolidations continues below 1.6617. Further rise is in favor as long as 1.6306 support holds. Above 1.6617 will extend the rebound from 1.6108 towards 1.6842 key structural resistance. Read more…
Hunger and food insecurity don’t move in sync with oil prices—and right now, fertilizer supply and affordability remain a major global pressure point. Elizabeth Kennedy Trudeau from the George W. Bush Presidential Center explains the Read more…
Strong rise in early Monday trading is about to fully reverse last week’s 162.84/160.47 pullback, which marked a healthy correction (contained by Fibo 23.6% of 155.02/162.84 upleg) of larger uptrend. Completion of reversal pattern on Read more…
It seems the ‘Big Short’ Michael Burry isn’t easing up on his criticism of the AI trade anytime soon. The hedge fund investor who became famous for betting against the 2008 housing bubble has spent Read more…
The stabilisation of the political situation in Britain is driving the GBPUSD rally. Traders are wondering: Were there currency interventions in Japan? Or is fear to blame? The US dollar managed to recover towards the Read more…
EUR/USD is trading around 1.1432 on Monday. At the end of last week, the main currency pair posted modest gains. Weaker-than-expected US labour market data and lower oil prices have weighed on the US dollar, Read more…