GBP/USD Consolidates Gains
Growing risk appetite weighs on a safer US dollar. The rally above 1.3360 confirms that short-term sentiment has turned around. However, the push might have run out of steam as the RSI shows a bearish divergence. The deceleration indicates limited...
Yen Selloff Continues as DOW Hit Record, Yields Jumped
Selloff in Yen continued as DOW was pushed to new record by risk-on sentiment, while US benchmark treasury yield also jumped. Dollar is also under some pressure together with Canadian and Euro. On the other hand, Sterling continues to be...
Elliott Wave View: AUD/USD Approaching Inflection Area
Elliott wave view in AUDUSD suggests the decline from February 25, 2021 high is unfolding as a double three Elliott Wave structure. Down from February 25 high, wave ((W)) ended at 0.7106 and rally in wave ((X)) ended at 0.756....
USD/CAD Could Resume Upside Unless 1.2765 Fails
Key Highlights USD/CAD started a downside correction from the 1.2965 zone. A major bearish trend line is forming with resistance near 1.2820 on the 4-hours chart. EUR/USD is facing a major hurdle near the 1.1350 resistance zone. Gold price failed...
US Dollar Slammed Into London Fix. What Next For EUR/USD And GBP/USD?
The US Dollar Index (DXY) was hit heading into the London fix. Although many large trading firms and hedge funds closed shop for the year, there are still some left trading. There are also pension funds that need to mark...
These Asia stocks have fallen sharply since their 2021 IPOs, fading from their first day surges
A Thai investor checks an electronic board showing stock prices. Amphol Thongmueangluang | SOPA Images| LightRocket | Getty Images Some 2021 Asia-Pacific IPOs have seen a sharp reversal in their fortunes since their strong market debuts. At the top of...