CHFJPY Wave Analysis
CHFJPY reversed from support area Likely to rise to resistance level 125.70 CHFJPY currency pair recently reversed up from the support area located between the key support level 124.00 (which has been reversing the price from the start of February)...
Stocks Staging Strong Rebound, Euro Follows, as Sentiment Improves
Risk sentiment seemed to have improved drastically today. There are talks that both Russia and Ukraine are softening their tone, which might give an exit for Russia abandoning the invasion eventually. Germany DAX is leading major European indexes higher with...
NZ Dollar Climbs on Sharp Maufacturing Data
The New Zealand dollar has posted strong gains on Wednesday. NZD/USD is trading at 0.6841 in the European session, up 0.55% on the day. Manufacturing Sales surge in Q4 Manufacturing Sales were outstanding in the fourth quarter, with a gain of...
Crude Oil Targets New Highs: Elliott Wave Analysis
The USD is seen in a bullish structure vs other major currencies, so we should be aware of more risk-off in the near term. Also, one of the most important markets these days, crude oil can stay in a bullish...
Dollar Attempting to Rally While Euro Licks Wounds
Sentiment is mixed in Asia with heavy selling seen in stock markets of Hong Kong and China, while Nikkei and Singapore Strait Times are recovering. US President Joe Biden announced to impose an immediate ban on imports of Russian Energy....
How Could the Dollar React to Another Inflation Spike?
US CPI inflation readings for February will be out on Thursday at 12:30 GMT, likely generating more anxiety for Fed policymakers amid the Ukrainian geopolitical nightmare as price pressures are expected to have intensified further. The US dollar is trading in secure territory...
ECB meeting: No right choices for the euro
The European Central Bank faces a tough dilemma when it concludes its meeting at 11:45 GMT on Thursday. With the crippling sanctions imposed on Russia, European growth will slow down but inflation will heat up as energy prices soar. Will...
Gold Extends Rally, Oil Rises, Euro Consolidates
Overall market sentiment is steady today. Major European indexes are trading slightly in black, together with US futures. WTI oil rebounds on news that US President Joe Biden is set to announce ban of Russian oil imports as soon as...
American businesses in China say U.S.-China relations are back to Trump era tensions
BEIJING — American businesses in China no longer expect relations between the two countries to improve from the tensions of the Trump administration, according to a business association survey. After President Joe Biden was elected in late 2020, there was...
Euro and Pound Consolidate, But Staying Weak
US stocks were hammered again overnight and selling continues in Asia. But major currency pairs and crosses are trading in tight range, digesting recent moves. Euro and Sterling are recovering some grounds while Aussie is paring gains. Gold is consolidating...