GBPJPY has overstepped the 161.40 level, which is the 23.6% Fibonacci retracement of the up leg from 150.96 until the more than six-year high of 164.63, with a weakened upward drive. Though, on a positive Read more…
USD/JPY continues to trade sideways and looks like it may drift right into the weekend. In the European session, USD/JPY is trading just above the 124 line. Japanese data mixed Japan released a data dump Read more…
In this article I want to update you on Aussie which I posted earlier this week HERE and highlighted a break higher into wave five, which was seen in final stages of an impulse after Read more…
Bitcoin rose slightly, by 0.6%, to $43.6K. Ethereum added 1.6%, while other leading altcoins from the top 10 showed mixed dynamics: a 3% decline (Terra) to 6.2% growth (Solana). Total crypto market capitalisation, according to Read more…
USDCAD created an impressive bullish rally after the rebound off the 50.0% Fibonacci retracement level of the up leg from 1.2000 to 1.2960 at 1.2485 and is now struggling to surpass the 38.2% Fibonacci of Read more…
US equities continued their struggle as the market weighed the change of tone by the Federal Reserve. The Dow Jones, Nasdaq 100, S&P 500, and Russell 2000 all declined by over 0.50% while bond yields Read more…
Markets Minutes of the March ECB meeting kickstarted the countdown to next week’s ECB meeting. In line with FOMC Minutes, they surprised markets in a hawkish manner. The key takeaway was some ECB members already Read more…
USD/CAD has put in a strong rally these past two days, yet stalled at a key zone of resistance ahead of Canada’s employment report set for today. Asian Indices: Australia’s ASX 200 index rose by Read more…
Market movers today A quiet end to the week, with no key data releases or central bank speeches scheduled for today. Focus remains on the outlook for central bank policy tightening and further details on Read more…
EUR/USD The euro lost some ground against the dollar, and during the early hours of today`s trading, the pair headed for a test of the support zone at 1.0848. A successful violation of the aforementioned Read more…