NZD/JPY Bullish SHS Pattern: Uptrend Continues After Retracement
NZD/JPY technical analysis NZD/JPY is in uptrend. Market is having a retracement. M L3 camarilla pivot is support. Uptrend i expected to continue. Left shoulder. Head. Right shoulder. Bouncing zone. Target. The price is bullish. However, the pair is retracing...
BoE To Hike Rates, Pave Way For Big Central Banks, But Will Pound Follow?
The Bank of England’s policy meeting on Thursday is being primed as a live one following a series of strong hints by policymakers that interest rates might have to be raised before the year-end. With November being a ‘Super Thursday’...
BoE To Hike Rates, Pave Way For Big Central Banks, But Will Pound Follow?
The Bank of England’s policy meeting on Thursday is being primed as a live one following a series of strong hints by policymakers that interest rates might have to be raised before the year-end. With November being a ‘Super Thursday’...
Aussie Tumbles after RBA, Yen Staging a Rebound
Australia Dollar tumbles broadly today as markets are dissatisfied with RBA’s dovish stance, even though yield curve control is abandoned. Commodity currencies are also trading generally lower. On the other hand, Yen is staging a strong rebound after Japanese Finance...
Market Morning Briefing: EURJPY Is Holding Above Support At 131.50
STOCKS Dow and Dax have risen well and could head towards 36100 and 15900 where some profit taking can be seen before resuming the overall uptrend. Nikkei is bullish towards 30000/31000 before reversing from there. Shanghai is stuck within 3500-3600...
‘Absolutely bullish’: Why PNC Financial sees the growth trade beating value into year end
If the market’s record rally continues into year end, PNC Financial’s Amanda Agati predicts value stocks will lag and growth stocks will play a dominant role. Agati, the firm’s chief investment officer, blames a slowing economy and earnings — as...
BOE Preview – Rate Hike Cycle to Begin?
The market has fully priced in a +15 bps increase BOE’s bank rate (currently at 0.1%). The mixed economic developments since the September indicate that the Committee will be very divided over whether to hike or to stand on the...
Yellen says she has discussed Fed chair with Biden, praises Powell for doing a ‘good job’
Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal Reserve chairman and praised the current holder of the position. She did not disclose any specific plans Biden has, though...
Build Back Better would extend tax credit boost for millions of low-income Americans
President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after meeting with members of the House Democratic Caucus at the U.S. Capitol earlier in the day on Thursday, Oct. 28,...
Another Big Week Ahead
Stock markets are off to a mixed start at the beginning of the week, with much of Europe back in record territory and the US now flat after a positive start. Not bad considering central banks around the world are...
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