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Markets This morning the ‘official’ ONS UK September retail sales for the second consecutive month beat expectations by quite a substantial margin. Headline sales rose by 0.3% M/M and 3.9% Y/Y after a monthly rise of 1% in August and against expectations for a 0.4% monthly decline. Combined with a solid labour market report on […]

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20/12/2023

CHFJPY Wave Analysis

CHFJPY reversed from support level 162.45 Likely to rise to resistance level 168.00 CHFJPY currency pair recently reversed up from the key support level 162.45 (which has been reversing the price from August). The support level 162.45 was strengthened by the lower daily Bollinger Band, support trendline of the daily down channel from November and […]
18/03/2024

AUD/USD Stabilizes Amid Chinese Economic Data and US Inflation Concerns

The Australian dollar has momentarily halted its downward trajectory against the US dollar, stabilizing around the 0.6565 mark. With a lack of significant domestic data from Australia, the AUD’s movements are largely influenced by the performance of the Chinese yuan and economic developments from China. Recently, the offshore yuan weakened to its lowest in a […]
29/08/2024

EURGBP Flirts With Key Support Territory

EURGBP tumbles, but finds support near 0.8400 RSI and MACD detect bearish momentum But a break below 0.8380 is needed for further declines A move above 0.8500 could keep the picture neutral EURGBP has been in a steady slide since August 8, when it hit the key resistance zone of 0.8625. That said, the pair […]