Key Highlights USD/JPY started a downside correction from the 153.85 zone. A connecting bullish trend line is forming with support at 151.45 on the 4-hour chart. Bitcoin trimmed gains and traded below the $70,000 level. Gold corrected gains sharply and traded below $2,780. USD/JPY Technical Analysis The US Dollar remained stable and extended gains above […]
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Switzerland’s CPI decreased by -0.1% mom in October, missing expectations of flat growth. Core CPI, which excludes fresh and seasonal products, energy, and fuel, edged up by 0.1% mom. Prices for both domestic and imported Read more…
In focus today In the US, focus will be on US October Jobs Report. We think non-farm payrolls growth slowed down to 130k (Sep: 254k) both due to weather-related distortions and less favourable seasonal adjustment. Read more…
Short Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 8.8.2024 low is in progress as a 5 waves impulse. Up from 8.8.2024 low, wave 1 ended at 30.18 and dips in wave 2 Read more…