Since last Friday’s Non-Farm Payrolls number, the Greenback has been getting obliterated, retreating from the 100.00 landmark in the DXY to touching high 97.00 levels. Markets are quickly moving towards a heavy pricing of FED cuts which is hurting the Dollar and supporting strongly Equities in their ongoing rebound. It will be essential to see … Read more

The Bank of England cut the Bank Rate by 25bp to 4.00% as widely expected. The vote split was more hawkish than expected, with four members voting for an unchanged decision. The guidance included a hawkish twist and forecasts for inflation were revised significantly higher. The market reacted by trading Gilt yields a bit higher … Read more

NZDUSD: ⬆️ Buy NZDUSD reversed from the support area Likely to test resistance level 0.6050 NZDUSD currency pair recently reversed from the support area between the strong support level of 0.5880 (which has been reversing the price from May) and the lower daily Bollinger Band. The upward reversal from this support area created a clear … Read more

GBPUSD: ⬆️ Buy  GBPUSD reversed from the support area  Likely to rise to resistance level 1.3600 GBPUSD currency pair recently reversed from the support area between the strong support level of 1.3175 (former resistance from April) and the lower daily Bollinger Band. This support area was further strengthened by the 61.8% Fibonacci correction of the … Read more

Bitcoin has recovered from a recent pullback thanks in part to improving market sentiment, a weaker US Dollar and recent crypto developments in the US. Bitcoin has rallied some 4.5% from the recent lows around the 112k mark on August 2. This low came in a day after market expectations regarding Federal Reserve rate cuts … Read more

Key insights from the week that was. After a bumper run of data, local markets were provided space for reflection this week. The main release was the household spending indicator which, upon the cessation of the retail sales release last week, is now the sole official indicator of consumer spending. In June, nominal spending growth … Read more

Key Highlights USD/JPY declined below the 148.00 and 147.00 levels. It traded below a key bullish trend line with support at 148.75 on the 4-hour chart. EUR/USD recovered losses and climbed above 1.1620. GBP/USD is attempting a fresh increase above the 1.3350 resistance. USD/JPY Technical Analysis The US Dollar trimmed gains from the 150.90 zone … Read more

The EURUSD pair exhibits an incomplete bullish sequence originating from the September 2022 low, targeting 1.191. The rally from this low unfolds as an impulse Elliott Wave structure. Wave ((1)) concluded at 1.1275, followed by a pullback in wave ((2)) that ended at 1.0177. The pair has since resumed its upward trajectory in wave ((3)), … Read more

Dollar fell sharply Friday after a dismal July jobs report cast doubt on the resilience of the labor market. While the headline job growth missed expectations, the bigger blow came from a stunning downward revision to June’s figure. The data raised alarm bells that the U.S. labor market may be losing momentum far quicker than … Read more

Markets entered last week riding a wave of optimism, but exited rattled. Wall Street could have marked the end of its summer rally, with Friday’s sharp selloff capping a week of crosswinds, from upbeat GDP numbers and trade deals to dismal job data and institutional upheaval. Dollar, too, saw its recent momentum falter, closing the … Read more