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Markets The key events to watch today were the ECB policy decision and important US data. The main conclusion of the latter is that they, once again, underscore the resilience of the world’s largest economy. Quarterly growth in the last three months of 2023 came in at 3.3%, easily beating a 2% estimate. Beneath the […]

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20/03/2024

EUR/USD Dips Again, USD/JPY Rallies Above 151

EUR/USD started another decline from the 1.0960 resistance. USD/JPY surged and broke the 151.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0900 support zone. There is a key bearish trend line forming with resistance at 1.0870 on the hourly chart of EUR/USD at FXOpen. […]
26/07/2024

Elliott Wave Intraday Analysis: CHFJPY Bouncing Higher from Support Zone

Short Term Elliott Wave view in CHFJPY suggests the decline from 7.11.2024 high unfolded as a zigzag structure. Down from 7.11.2024 high, wave A ended at 175.84 and rally in wave B ended at 177.64. The pair then extended lower in wave C with internal subdivision as an impulse. Down from wave B, wave ((i)) […]
12/01/2024

Crypto Market Fluctuates But Does Not Move

Market picture Cryptocurrency market capitalisation is at the same level as the previous day at $1.76 trillion, with the market showing impressive intraday amplitude on Thursday, gaining and then losing around 7% across the major instruments. At the start of spot ETP trading, the price of bitcoin was close to $49K but was pushed back […]