Further Downside Expected In EURUSD
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Market Morning Briefing: EUR/JPY Has Support Near 127
STOCKS The hesitation to move up in most Indices (mentioned yesterday) converted itself into a big fall yesterday, bring the markets close to some of the long-term Supports we mentioned yesterday. While those Supports hold, it can be debated Whether...
Elliott Wave Analysis: NZDUSD Intra-Day Correction
NZDUSD is currently recovering, ideally unfolding a temporary wave b) as part of a three-wave reversal within a wave four correction. Resistance and a new reversal into final wave c) of this correction can be around the Fibonacci ratio of...
XAUUSD Outlook: Bears Extend and Pressure Pivots at $1201/00; US CPI Data Eyed for Fresh Signals
Spot gold dipped to $1203 low on Monday, in extension of last Friday’s 1.9% fall, pressured by higher US dollar which holds near 16-month high against the basket of major currencies. The yellow metal holds in red for the seventh...
EURUSD Heavy Losses Expected Below 1.1300
The euro has opened the new trading week under downside pressure against the US dollar, with price edging closer to the current yearly trading low. The EURUSD pair risks heavy technical selling below the 1.1300 support level, as a number...
GBPUSD Under Technical Pressure
The British pound has continued to slide lower against the US dollar in early Monday trade, with price fast approaching the 1.2900 support level. The GBPUSD pair will likely remain under heavy intraday selling technical pressure while trading below the...
Week ahead – UK Jobs and German GDP Matters The Most
The Fed kept the powder dry during their last meeting and there was no change in their monetary policy. We also had the Chinese inflation data for October this week. It was below expectations (PPI was 3.3% y/y down from...
USD/CAD Bulls in Control as Oil Rout Continues
The number of the day (and indeed the last two weeks) is 10. As in, the price of a barrel of WTI crude oil is declining for the 10th straight day, the longest streak since 1984. As my colleague Fawad...
EUR/JPY Resumes Slide as Stocks Fail to Sustain Post-Midterms Rally
With US stocks struggling to hold onto their post-midterm elections gains, the risk-sensitive EUR/JPY currency pair has potentially resumed its long-term bearish trend after staging a counter-trend rally that lasted for several days until Wednesday. The euro has also been...
WTI Extends Free Fall Below Psychological $60 Support
WTI oil holds firmly in red for the tenth straight day on Friday and hit new nine-month low on break below psychological $60 support. Free fall is expected to extend as oil price is on track to end fifth consecutive...
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