EURJPY Selloff Could Have More Legs; Neutral in Medium-Term
EURJPY has erased half of October’s rally, which peaked at a four-month high of 133.47, with the 50- and 200-day simple moving averages (SMAs) recently coming into the rescue to impede the sell-off around 130.50. The technical status, however, is...
EURJPY Selloff Could Have More Legs; Neutral in Medium-Term
EURJPY has erased half of October’s rally, which peaked at a four-month high of 133.47, with the 50- and 200-day simple moving averages (SMAs) recently coming into the rescue to impede the sell-off around 130.50. The technical status, however, is...
US inflation breached 6% in October as price growth broadened
Headline inflation rose to 6.2% from a year ago, 0.9% on a seasonally adjusted basis from September Core prices (ex-food and energy) grew a faster 0.6% month over month Price growth expected to continue to broaden, as higher costs filter...
Big business bosses are warning that supply chain issues and inflation are here to stay
A truck picks up a shipping container at the Port of Savannah in Georgia. The supply chain crisis has created a backlog of nearly 80,000 shipping containers at this port, the third-largest container port in the United States, with around...
Dollar Rises as US CPI Jumped Sharply Again
Dollar rises sharply in early US session after much stronger than expected consumer inflation data, which hit multi-decade high. For now, New Zealand Dollar is the worst performer today, followed by Sterling and then Euro. Yen is retreating against the...
Home prices are now rising much faster than incomes, studies show
During the Covid pandemic, home prices have shot up nearly nationwide while household income fell. As a result, homeownership became out of reach for many would-be buyers. However, affordability was a growing problem well before 2020 and the start of...
EUR/USD Elliott Wave Analysis: Be Aware of Reversal
EURUSD came below 1.1524 last week after a corrective B) wave rises to the channel resistance line. We expected that drop into C) which can be now the final stages of wave 5 that belongs to a higher degree ending...
Stocks making the biggest moves premarket: Coinbase, DoorDash, Poshmark and more
Check out the companies making headlines before the bell: Coinbase (COIN) — Shares of Coinbase sunk more than 11% premarket after the company reported lower-than-expected quarterly revenue. The cryptocurrency exchange reported revenue of $1.31 billion versus the Refinitiv consensus of $1.57...
Yen Staying in Driving Seat With Falling Yields and Mild Risk-Off Sentiment
Falling global yields and mild risk off sentiment continue to boost Japanese Yen. On the other hand, Australian Dollar is leading other commodity currencies lower. But the forex markets are mixed elsewhere for now. Dollar and European majors are stuck...
AUD/USD At Risk Of Breakdown Below 0.7350
Key Highlights AUD/USD started a fresh decline from well above 0.7500. It traded below a key bullish trend line at 0.7520 on the 4-hours chart. EUR/USD is struggling to clear the 1.1600-1.1620 resistance zone. The US CPI could increase 5.3%...
Signal2forex.com - Best Forex robots and signals




