Dollar index tumbled sharply overnight and dived through 55 day EMA to close at 94.91. At this point, price actions from 96.93 are seen as a correction only. Hence, we’d look for strong support at Read more…
Short Term Elliott Wave View in Bitcoin shows a 5 swing bearish sequence from November 10, 2021 high favoring more downside. Decline from there is unfolding as a double three Elliott Wave structure. Down from Read more…
DXY: On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We would expect further bearish continuation to test our 1st resistance at 95.062 in line with 127.2% Fibonacci extension Read more…
San Francisco Fed President Mary Daly said inflation is “uncomfortably high” in the US. And, it’s time to “start removing some of the accommodation we’ve been giving to the economy,” “I definitely see rate increases Read more…
In the nomination hearing for Fed Vice Chair position, Lael Brainard said, “we are seeing the strongest rebound in growth and decline in unemployment of any recovery in the past five decades.” “But inflation is Read more…
St. Louis Fed President James Bullard said Fed “could begin increasing the policy rate as early as the March meeting in order to be in a better position to control inflation.” He added, ” it makes Read more…
Key Highlights NZD/USD started a fresh increase from the 0.6735 support zone. It broke a major bearish trend line with resistance near 0.6790 on the 4-hours chart. EUR/USD cleared the 1.1380 resistance, and GBP/USD extended Read more…
With the US CPI for December in-line with expectations at 7%, traders took the opportunity to unload some of their long US Dollar positions. As mentioned earlier in the CPI recap, the DXY had been Read more…
The US CPI for December was in-line with expectations of 7% YoY vs November’s print of 6.8% YoY. This is the highest reading since June 1982! The Core CPI, which strips out the volatile food Read more…
USDCHF reversed resistance level 0.9250 Likely to fall to support level 0.9110 USDCHF recently reversed down from the pivotal resistance level 0.9250 (which has been reversing the price from the end of November), intersecting with Read more…