Gold Moving into Technical Resistance – Five Waves Up Can Cause a Slow Down
Gold came to new highs, but it’s seen in late stages of a final fifth […]
GBP/USD Slips on Record Debt, Soft PMIs
The British pound has posted slight gains on Tuesday. In the European session, GBP/USD is […]
GBPUSD Stays Bullish Near December’s High
GBPUSD could not find enough buyers to pierce through December’s high of 1.2445, finishing Monday’s […]
GBP/JPY: Minor Double Zigzag WXY Likely to Complete Bullish Trend Near 176.41
The GBPJPY currency pair is presumably in the final part of a major correction pattern […]
Eurozone PMI composite rose to 50.2, escaping recession but renewed contraction shouldn’t be ruled out
Eurozone PMI Manufacturing rose from 47.8 to 48.8 in January, above expectation of 48.1. PMI […]
Positive US Rate Outlook Boosts Risk Sentiment
Asian shares rose on Tuesday, following the positive cues from Wall Street overnight as growth […]
Dow Jones 30 Tests Resistance
The Dow Jones 30 popped higher driven by hopes that US inflation has peaked. On […]
NZD/USD Finds Support
The New Zealand dollar inched higher as risk appetite gained traction across the board. On […]
AUD/USD Rallies Back
The US dollar continues downward as the market rules out a 50 basis point hike […]
EURJPY Retreats After Hitting Downtrend Line at 142.00
EURJPY has been developing within a symmetrical triangle in the long-term timeframe, taken from the […]
Recent Rise in Yields Created Some Breathing Space
Markets The week started with a quiet but constructive trading session. No news apparently was […]
UK PMI composite hit 24-month low, decline rate remains only modest
UK PMI Manufacturing rose from 45.3 to 46.7 in January, above expectation of 45.4. However, […]