The short-term Elliott Wave analysis for Nikkei Futures (NKD) indicates a robust bullish trend, with the Index recently achieving a new all-time high. The rally to 49,030 marked the completion of wave ((3)), followed by Read more…
Markets After a (brief) spike in risk-aversion/volatility over the previous 10-days, markets returned to an ‘easy going, low volatility environment’. Moves in core interest rates and FX were limited. Stocks thrived. Markets again turned more Read more…
The week kicked off well on both sides of the Atlantic as investors collectively shrugged off fears over the escalating US-China trade war, deteriorating credit conditions, a US government shutdown, the French credit downgrade, a Read more…
In focus today Geopolitics are expected to be the main market driver as the data side remains relatively quiet. The main data release is set to be the Central Bank of Hungary’s rate decision, which Read more…
Daily Pivots: (S1) 1.1629; (P) 1.1652; (R1) 1.1666; More… Intraday bias in EUR/USD remains neutral and further decline is in favor as long as 1.1778 resistance holds. Break of 1.1540 will resume the decline from Read more…
Daily Pivots: (S1) 1.3389; (P) 1.3416; (R1) 1.3432; More… Intraday bias in GBP/USD stays neutral and another fall is mildly in favor as long as 1.3526 resistance holds. Break of 1.3247 will target 1.3140 cluster Read more…
Daily Pivots: (S1) 0.7907; (P) 0.7925; (R1) 0.7945; More… No change in USD/CHF’s outlook and intraday bias stays neutral. Further decline is expected as long as 0.7984 resistance holds. On the downside, below 0.7872 will Read more…
Risk appetite swept across Asian markets today, lifting equities to fresh records as political clarity in Japan and trade optimism across the region buoyed investor confidence. Nikkei 225 surged to another all-time high after the Read more…
Daily Pivots: (S1) 150.29; (P) 150.75; (R1) 151.21; More… USD/JPY’s break of 151.38 minor resistance suggests that corrective pullback form 153.26 has completed at 149.37 already. Intraday bias is back on the upside for retesting Read more…
Daily Pivots: (S1) 0.6492; (P) 0.6506; (R1) 0.6528; More… AUD/USD is staying in consolidations above 0.6439 and intraday bias remains neutral. Further decline is in favor as long as 55 D EMA (now at 0.6542) Read more…