NZD/USD Bounces Off Demand Area
The New Zealand dollar inches higher as traders are positioning for an RBNZ rate hike next week. From the daily chart’s perspective, the pair has bounced off the demand zone near the psychological level of 0.7000. A bullish RSI divergence...
USD/CHF Seeks Support
The US dollar stalled after weekly jobless claims came in higher than expected. The pair’s attempt above the daily resistance at 0.9310 suggests that the bulls may have gained the upper hand. Intraday buyers’ profit-taking led by the RSI’s overbought...
SPY Elliott Wave View: Should Extend Into New Highs
Short-term Elliott Wave view in SPY suggests that the cycle from October 01, 2021 low is showing a higher high sequence favoring new highs to follow. The internals of that rally is unfolding as an Elliott Wave impulse sequence where...
The Dollar Hit Several Resistance Levels
Markets The euro snapped a six-day losing streak against the dollar. It was one of the more remarkable observances during a relatively quiet session since fragile stocks (-0.5% in Europe, mixed in the US) and Bund outperformance suggested otherwise. German...
Euro Recovers, Dollar Retreats as Markets Turn Quiet
Dollar’s retreat continues in Asian session, but it remains one of the strongest for the week, just next to Sterling. On the other hand, while Euro is recovering, it’s still the worst performing one followed by Aussie. Overall, the markets...
Is your financial advisor overcharging you? Here are ways to protect yourself
DjelicS | E+ | Getty Images Some financial advisors may be overbilling for their services. Fortunately, there are steps a client can take to protect themselves. A recent Securities and Exchange Commission investigation of advisors’ fees found several errors that...
Lira Spirals Lower after CBRT Cut
It’s been a slightly negative day in the markets, with Europe looking to close a little lower after largely grinding higher so far this week. It hasn’t been the most eventful couple of weeks for the markets, with investors continuing...
Jobless claims little changed in potential sign that layoffs have hit a plateau
First-time claims for unemployment insurance were little changed over the past week, indicating the heightened pace of layoffs during the pandemic may have hit a plateau, the Labor Department reported Thursday. Initial filings for the week ended Nov. 13, totaled...
Euro Recovering in Crosses, But Not Out of the Woods Yet
The forex markets are a bit mixed today while trading is subdued. New Zealand Dollar stays as the strongest on RBNZ rate hike expectations. Swiss Franc and Euro are following, primarily thanks to recovery against Sterling. Yen is currently the...
Elliott Wave Analysis: EUR/USD Could Move Further Low after a Pullback
Markets are consolidating as the USD Index saw some limited upside, even vs JPY as yields turned slightly lower in recent sessions, but this may again change later today during FOMC speeches. From an EW perspective, we see USD Index...
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