XAGUSD Intervening Wave Ⓧ Pushes Prices Higher!
As a few weeks ago, XAGUSD suggests the construction of a global triple zigzag consisting of cycle waves w-x-y-x-z. The 1H timeframe shows the marking of the second intervening wave x, which may soon be completed, taking the form of a triple zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The bullish wave Ⓨ consists of intermediate […]
EUR/USD Reverses Gains While USD/JPY Aims Higher – Analytics & Forecasts – 8 February 2023
EUR/USD is correcting lower and trading below 1.0800. USD/JPY is rising and might aim more upsides if it stays above the 130.20 support. Important Takeaways for EUR/USD and USD/JPY · The Euro started a downside correction from the 1.1035 resistance zone. · There is a key bearish trend line forming with resistance near 1.0750 on […]
CME Group Publishes Higher 2022 Results, Beats Forecast
CME Group (NASDAQ: CME), which operates a major US derivatives exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities […]
Crude Oli Hold the High Ground on US Dollar Weakness. Will WTI go Higher?
Crude Oil, WTI, Brent, US Dollar, API, Turkey, Norway, Powell, Kashkari – Talking Points Crude oil lifted as the US Dollar fell on hopes of a less hawkish Fed Fed Chair Powell reaffirmed higher rates, but equities and currencies don’t care If the Fed raises rates as they say they will, where will WTI go? […]
US stocks close higher in volatile trading day. Chipotle earnings disappoint after close
The major US stock indices are closing with gains in what was a volatile up-and-down session especially during and after Fed Powell Q&A session at the Economic Club in Washington. Looking at the closing levels: Dow industrial average rose 265.67 points or +0.78% at 34156.68 S&P rose 52.97 points or 1.29% at 4164.04 Nasdaq index […]
Intraday Analysis – USD breaks higher
USDJPY grinds supply zone The US dollar extended gains on the NFP momentum. On the daily chart, the 30-day SMA (131.10) has been acting as a tough resistance and its latest breach suggests that bearish sentiment has waned. A tentative break above 132.80 exposes the support-turned-resistance of 133.30 and potentially the daily […]
Australian dollar jumped higher after the Reserve Bank of Australia +25bp rate hike
<p>The post on the Reserve Bank of Australia policy decision is here:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/australia-rba-raises-the-cash-rate-by-25bp-to-335-as-expected-20230207/" rel="follow" target="_self" class="article-link">Australia – RBA raises the cash rate by +25bp to 3.35%, as expected</a></p><p>The statement from Reserve Bank of Australia Governor Lowe sounded a hawkish note, stating cleary the Board expects further rate hike increases (i.e. more than […]
Market Update – February 6 – USD & Yields higher, Yen, Stocks & Gold sink
A blockbuster NFP on Friday (571k new jobs vs 185k) & strong Services PMI (55.2 vs 50.5) has lifted the Dollar and Yields, sinking Stocks and Gold (the 3 mth Gold rally is over). YEN is weakest this morning with key “Dove” Amamiya (current deputy) a possible to take the […]
US Dollar Blazes Higher on Solid Data as Geopolitics Play Out. Where to for USD?
US Dollar, DXY Index, USD, NFP, Fed, BoJ, USD/JPY, Nikkei 225, China – Talking Points US Dollar resumed strengthening today after Friday’s massive rally Risk assets appear vulnerable as Fed rate hike expectations re-accelerate If the US economy is booming, will the Fed act and what will it mean for USD? Recommended by Daniel McCarthy […]
The strong US jobs report sent the US dollar sharply higher. What next?
> The strong US jobs report sent the US dollar sharply higher. What next? A technical look at the EURUSD, USDJPY, GBPUSD and USDCHF in the morning forex technical report ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link