Day: March 18, 2022
Week Ahead – Flash PMIs to Bring Recession Risks to the Forefront, SNB Meets
The upcoming week will quieten down a bit after what was a busy time for central banks and geopolitical events. But there’s still plenty of activity ahead as the latest flash PMI readings are due and the Swiss National Bank will keep the monetary policy theme running, not to mention how the war in Ukraine …
Week Ahead – Flash PMIs to Bring Recession Risks to the Forefront, SNB MeetsRead More
EUR/USD Outlook: Negative Fundamentals Weigh Heavily and May Stall the Recovery
The Euro eases on Friday but is on track for the first bullish weekly close in six weeks that adds to positive signals as Doji reversal pattern is forming on weekly chart. On the other side, fresh bulls face difficulties at pivotal Fibo barrier at 1.1069 (38.2% of 1.1494/1.0806), although Thursday’s action registered a close …
EUR/USD Outlook: Negative Fundamentals Weigh Heavily and May Stall the RecoveryRead More
GBPJPY Eyes Nearby Ceiling after Extending above MAs
GBPJPY is targeting the 156.77 barrier after maintaining a two-week climb from the 150.96 low, which also managed to overstep the simple moving averages (SMAs). For some time now, the SMAs have been lacking a distinct trend as the pair has mostly been trading between the 148.45 and 158.20 price limits. The short-term oscillators are …
GBPJPY Eyes Nearby Ceiling after Extending above MAsRead More
Bitcoin Whale Activity Has Fallen to the Lowest
Bitcoin is down 0.4% over the past 24 hours to $40.7K. Ethereum has added 1.5% over the same time, other leading altcoins from the top ten are changing from -2.0% (Terra) to 5% (Avalanche). The total capitalization of the crypto market, according to CoinMarketCap, grew by 0.3% over the day, to $1.83 trillion. The Bitcoin …
Euro Reverses ahead of Weekend, USD/JPY Resumes Rally
The tide seems to be turning just ahead of the weekend. Swiss Franc is rebounding notably while Dollar is also firmer up. On the other, Euro reverses earlier gain and trades broadly lower. Nevertheless, Yen’s weakness persists and it’s extending recent decline against the greenback. Commodity currencies are steady, however, while Canadian Dollar has no …
Euro Reverses ahead of Weekend, USD/JPY Resumes RallyRead More
Elliott Wave View: Gold Rallies Higher After 3 Waves Pullback
Short Term Elliott Wave View in Gold suggests the decline from March 08, 2022 high completed 3 waves down as a zig zag Elliott Wave structure. Down from March 08 wave ((1)) high, wave A ended at 1970.30 and rally in wave B ended at 2005.87. Then XAUUSD continue lower buiding an impulse to complete …
Elliott Wave View: Gold Rallies Higher After 3 Waves PullbackRead More
EUR/USD Pressing Resistance, Yen Continues as Biggest Loser after BoJ
Yen remains the weakest one for the week, following the extended rebound in US stocks overnight, and persistent strength in treasury yields. Swiss Franc and Dollar are also soft as distant second and third. Meanwhile, Euro is currently the best week performer, followed by Aussie and then Kiwi. Sterling’s rally attempt was capped by the …
EUR/USD Pressing Resistance, Yen Continues as Biggest Loser after BoJRead More
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