Short Term Elliott Wave View in USDJPY suggests decline to 139.57 ended wave (W). Pair then corrected in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave ((w)) ended at 142.46 and pullback in wave ((x)) ended at 140.43. Rally in wave ((y)) ended at 143.94 which […]
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In focus today Today, focus is on euro area HICP inflation from September. We expect headline inflation to decline to 1.6% y/y from 2.2%, below consensus of a decline to 1.8%, due to the lower-than-expected Read more…
The Chinese stocks extended gains on Monday as China announced more stimulus measures and investors rushed to buy before the markets closed for national holiday today. The CSI 300 index jumped more than 8% on Read more…
Daily Pivots: (S1) 190.33; (P) 191.33; (R1) 193.09; More… Intraday bias in GBP/JPY is turned neutral first with current recovery. Outlook is unchanged that corrective rebound from 180.00 might have completed with three waves up Read more…