EURGBP Trades in a Sideways Manner
EURGBP has been trading in a quiet mode since Friday, hovering slightly above the 0.8545/70 […]
Pound Shrugs as UK Inflation Dips
There was good news on the UK inflation front, as the November data pointed to […]
Eurozone industrial production down -2.0% mom in Oct, EU down -1.9% mom
Eurozone industrial production dropped -2.0% mom in October, worse than expectation of -1.4% mom. Production […]
Fed Pivot May Send US Stocks on Path to Bull Market
Stocks were given a shot in the arm by yesterday’s cooler-than-expected US CPI data. However, […]
USDJPY Unable to Break Below 200-day SMA
USDJPY has been in a prolonged uptrend for almost two years, crossing above its historical resistance levels to […]
NZD/USD: Has the Formation of a Bullish Primary Impulse Been Completed?
A closer look at the 1H timeframe shows that the NZDUSD market has already completed […]
UK 100 Finds Support
Equities soared as cooling US inflation spurred hopes of a dovish Fed stance. On the […]
US Oil Sees Timid Rebound
WTI crude bounced after OPEC said it expected demand growth from relaxed COVID policies in […]
XAU/USD Breaks to Higher Range
Gold popped higher following a deceleration in US CPI last month. After a rally above […]
Elliott Wave View: Silver (XAGUSD) Wave 5 Ending Soon
Short term Elliott Wave View in Silver (XAGUSD) suggests the rally from 9.28.2022 low is […]
Expect Fed to Raise Terminal Policy Rate to 5% and Perhaps Even More
Markets US CPI eased more than expected in November to 7.1% headline and 6% core […]
Ifo: Germany economy to contract in Q4 and Q1
Ifo said the German economy is “suffering from huge supply shocks”. Price press is “not […]