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 […]
Gold Price Aims New Monthly High, Yen Rallies
Key Highlights Gold price started a fresh increase above the $1,780 resistance. A major bullish […]
USDCAD Producing A Strong Reaction Higher From Equal Legs Area
In this technical blog, we will look at the past performance of the 1-hour Elliott […]
Gold and Silver Outlook: Prices May Rise as Retail Traders Increase Short Bets
Gold and silver prices have been aiming higher in recent weeks. Retail traders have been […]
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 […]