S&P 500 Refuses to Break Directional Impasse, USDJPY and USDCNH Depress Dollar Impact
S&P 500, Earnings, USDJPY, BOJ, USDCNH and GDP Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 127.00 Despite the discomfort behind capital markets around whether the S&P 500 has broken its technical ceiling or not, there was no material traction found Tuesday In the absence of high-profile, macroeconomic US […]
EURGBP Fails To Break 0.89
In today’s European session, Germany’s final CPI rate for December registered 8.6% on an annual basis, in line with market expectations and the previous value. The final monthly rate was negative for the second consecutive month, at -0.8%, in line with market expectations. The annual and final monthly CPI rates, after reconciliation, were recorded at […]
Market Spotlight: BOJ Speculation Risks EURJPY Downside Break
EURJPY Sitting on Key Level Price action in EURJPY is looking interesting here. The pair is currently sitting near the middle of the 133.27 – 147.75 range which has framed price action since Q2 last year. Over the last few months, EURJPY has been correcting lower, despite broad strength in EUR. Of late, JPY has turned […]
AUD/USD bulls eye a break of 0.6990s as domestic data underpins hawkish RBA sentiment
AUD/USD supported on domestic recent data. Bulls eye a break of the inverse head and shoulders. AUD/USD is trading at 0.6970 and in a tight 10-pip range between 0.6967 and 0.6977 on the day so far. The price has been capped below the recent 0.6990s recent highs in what has been a choppy consolidation range […]
US 30-year fixed mortgage rate could break 6%
The US housing market has rapidly stalled as mortgage rates surged but there’s a sliver of help on the way. Late yesterday, Mortgage News Daily reported that US 30-year fixed rates are down to 6.07%, which is the lowest since September. Give the falling long-end yields in the past two days, we should be seeing […]
Bitcoin makes a break for it before stalling at the November high
Bitcoin began to spring to life on Thursday and has gone straight-vertical since as risk assets globally spike. The high was $21,292 where it ran into some sellers just ahead of the November high. Last was $20,812, up $1001 on the day. I take this as not-only a good sign for crypto but for risk […]
Gold Prices Break Higher After US CPI Sank US Dollar, Where to for XAU/USD?
Gold, XAU/USD, US CPI, Inflation, Bonds, Fed – Asia Pacific Market Open Gold prices roar higher as in-line US CPI report sinks US Dollar Markets slowly pricing out 2 more Fed rate hikes in months ahead XAU/USD breakout restores upside momentum, hinting at gains Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Asia-Pacific Market […]
USDNOK Can Break Lower When US Stocks Finds A Support
In today’s advanced #ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, #FXMajors, and #Commodities and discover how he applies EW principles to come up with his amazing forecasts! Timestamps USDNOK 02:30 EURUSD 06:00 EURGBP 07:10 DAX 08:05 XAGUSD 09:40 The post USDNOK Can Break […]
Further downside hinges on 131.30 break
USD/JPY remains pressured for third consecutive day as sellers poke one-week-old support line. Bearish MACD signals, downbeat RSI signal further south-run. Any recovery remains elusive below 135.00 resistance confluence. USD/JPY holds lower ground near the intraday bottom surrounding 131.30 as bears flirt with the short-term key support during early Tuesday. In doing so, the Yen […]
Can A 15% Soaring Break Ubisoft Stock’s Downfall? • 2nd Skies Trading
A strong bullish engulfing timeframe appeared on the UBI stock chart on the daily timeframe. This rise translated to a 15% rise in price from an opening price of €34. Source: Error 420 This rise resulted from rumors of a takeover by buyout funds. While no official statement has been released, that didn’t stop the […]