EUR/USD and AUD/USD Look for Correction: Elliott Wave Analysis
After the first bearish reaction on the USD after US CPI yesterday, the currency turned down later during the US session. Probably it was due to higher 10 year US yields. Stocks also came down, which is supportive for the...
GBPUSD Trendless Despite Growing Bullish Forces
GBPUSD buyers have resurfaced around the 100-period simple moving average (SMA) after the pair’s recent retreat from a 1.3643 spike. Currently, the SMAs have tangled and are not indicating a clear message in terms of a price direction. That said,...
Risk-off Sentiment Dominates as Expectation of 50bps Fed Hike Intensified
Much volatility was seen in the markets overnight, but as dusts settled, risk-off sentiment dominated. Fed funds futures are now pricing in 94.7% chance of a 50bps rate hike by Fed after the strong CPI reading, comparing to just 33.7%...
US Inflation to Force the Fed into Action
The US inflation report noted higher-than-expected price rises, triggering a boost to the dollar and a pullback in US major index futures. The price index for January rose 0.6% to an annual rate of 7.5%. The report dashed hopes that...
USD/CHF Struggles Ahead of US CPI Report
Key Highlights USD/CHF corrected gains from the 0.9340 resistance zone. There is a key bullish trend line forming with support near 0.9215 on the 4-hours chart. EUR/USD is holding gains above 1.1400, and GBP/USD attempts to clear the 1.3600 resistance....
US Dollar Index: Dollar Eyes US Inflation Data
The dollar index edges lower on Wednesday after rebound on better than expected US NFP showed signs of stall. Repeated failure to clear initial Fibo resistance at 95.66 (23.6% of 97.42/95.12 bear-leg) weakened near-term structure, as daily MA’s (10/20/55) remain...
Why UK’s Q4 GDP Growth Data May Not Help the Pound
The UK will publish its final quarterly GDP growth readings for 2021 on Friday at 09:30 GMT. The outcome may not impress investors as forecasts imply the economy almost flatlined at the end of the year, growing more or less...
AUD/USD Outlook: Risk Appetite Lifts Aussie to Two-Week High
The Australian dollar extends advance into third straight day, lifted by fresh risk appetite that lifted stocks and reopening of Australia’s borders. Bulls broke above last week’s high (0.7168) and pressure pivotal barriers at 0.7181/83 (Fibo 61.8% of 0.7314/0.6967 /...
Aussie Rises on Risk-on Sentiment, Dollar Soft Despite Rising Yields
Australian Dollar rises further again with help from risk-on sentiments in the US and Asia. On the other hand, Dollar turns soft despite rising treasury yields. Canadian Dollar is dragged down slightly by oil prices. Other parts of the forex...
Gold Climbs above the MAs and the Ichimoku Cloud
Gold recently breached the 1,800 handle and has extended beyond the simple moving averages (SMAs) and the Ichimoku cloud. Although the longer-term averages are endorsing a more neutral trend, the upturn of the 50-period SMA, is suggesting upside momentum is...
Signal2forex.com - Best Forex robots and signals




