GBPUSD Flirts With 20- and 200-day SMAs; Weak Momentum
GBPUSD has been moving sideways over the last few sessions, remaining above the 200-day simple […]
NZDUSD Extends Slide Near 200-day SMA
NZDUSD had experienced a prolonged downtrend since March, hitting a 31-month low of 0.5510 in early […]
AUD/USD: Are We Going for a Bearish Trend?
Half a month ago we were talking about AUDUSD. Most likely, the currency forms a […]
NZD/USD Struggles for Support
The New Zealand dollar edges lower over a larger-than-expected trade deficit in November. The bears […]
USD/JPY Breaks Major Support
The Japanese yen soared after the BoJ unexpectedly relaxed its yield cap. The previous rebound […]
Modest Rise in Yields This Morning
Market movers today A quiet day in terms of macro data. Consumer confidence figures will […]
Crude Oil Holds the High Ground as Risks Swirl in BoJ Aftermath. Will WTI Rally?
Crude oil has consolidated recent gains as volatility around it calms down after yesterday’s wild […]
Australia leading index consistent with below trend growth well into 2023
Australia Westpac-MI leading index dropped from -0.84% to -0.92% in November. Growth rate was, thus, […]
IMF: BoJ YCC adjustment a sensible step
Ranil Salgado, the IMF’s mission chief to Japan, said that “with uncertainty around the inflation […]
FTSE Elliott Wave Zigzag Decline in Progress
Cycle from 10.13.2022 low in FTSE ended at 7600.11 on 12.1.2022 as wave (1). Subdivision […]
PCE Inflation Unlikely to Bring Festive Cheer to the Dollar
The latest stats on personal income and spending, as well as the all-important PCE inflation […]
Germany Gfk consumer sentiment rose to -37.8, slowly working its way out of depression
Germany Gfk Consumer Sentiment for January improved from -40.1 to -37.8. In December, economic expectations […]