Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2790.07 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave A ended Read more…
French ECB Governing Council member François Villeroy de Galhau, speaking at a conference today, emphasized a cautious and pragmatic stance on monetary policy, downplaying the significance of recent stronger-than-expected wage data. He described the Q3 Read more…
At a forum today, BoJ Governor Kazuo Ueda admitted that the central bank takes exchange rate movements “seriously” when forming its economic and inflation outlook. He also stressed the importance of understanding the factors driving Read more…
Markets Geopolitical developments keep hijacking headlines. Risk sentiment improved at the start of yesterday’s trading session on talk that Russian president Putin would be open to talks on a ceasefire deal in Ukraine with the Read more…
Nvidia announced another very strong quarter after the bell. The company surpassed its own revenue forecast by around $2bn (again!) and printed a sales number of $35.1bn. That’s around $5bn more than last quarter’s number Read more…
In focus today Today, in the euro area we receive data on consumer confidence for November. We have seen a strong upward trend the past year, which bodes well for consumption next year if it Read more…
Daily Pivots: (S1) 1.0497; (P) 1.0554; (R1) 1.0600; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0495 is extending. Outlook stays bearish with 1.0760 support turned resistance intact. On the downside, firm break Read more…
Daily Pivots: (S1) 154.68; (P) 155.28; (R1) 156.04; More… Intraday bias in USD/JPY is turned neutral again with current retreat. On the upside, break of 156.74 will resume the whole rally from 139.57 towards 161.94 Read more…
Daily Pivots: (S1) 1.2618; (P) 1.2666; (R1) 1.2702; More… GBP/USD is staying in consolidation above 1.2596 temporary low and intraday bias remains neutral. Outlook stays bearish with 1.2842 support turned resistance intact. On the downside, Read more…
Daily Pivots: (S1) 0.8817; (P) 0.8839; (R1) 0.8865; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.8916 is extending. Further rally is expected as long as 0.8773 resistance turned support holds. On the Read more…