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In focus today In the U.K. Chancellor of the Exchequer Jeremy Hunt will deliver his spring budget. With the general election looming the chancellor is expected to present a range of expansionary measures, namely tax cuts. In the US we get both JOLTs for January as well as ADP employment numbers for February. FOMC chairman […]

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24/05/2024

Australian Dollar Rapidly Depreciates

The AUD/USD pair has fallen rapidly in the final week, reaching 0.6592. This decline is primarily driven by the US dollar’s robust performance, following stronger-than-expected US economic data. Investors now speculate that the Federal Reserve may postpone any interest rate cuts. The minutes from the Fed’s recent meeting have revealed concerns among policymakers about the […]
16/07/2024

Have USDJPY Bulls Lost the Game?

USDJPY finds support near 158.00 after rapid downfall Short-term risk remains in the bearish zone; eyes on 155.00 level US retail sales due for release at 12:30 GMT USDJPY set a strong foothold near its 50-day simple moving average at 157.90 after last week’s brutal exit out of the 161.00 territory. Note that the pair […]
18/12/2023

FTSE 100 Wave Analysis

FTSE 100 reversed from resistance level 7700.00 Likely to fall to support level 7500.00 FTSE 100 index under the bearish pressure after the index reversed down from the resistance level 7700.00 (which has been reversing the index from June) standing above the upper daily Bollinger Band. The resistance level 7700.00 was strengthened by the coinciding […]