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Markets Markets and several economic sectors Friday morning faced some jitters due to an IT outage linked to problems with an security update by CrowdStrike. It added to a risk-off tone at the final session of the week. Major US and EMU equity indices lost slightly less than 1.0% (S&P 500 -0.71%, Eurostoxx 50 -0.88%). […]

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Gold Declines Sharply from All-time High

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02/04/2024

EURJPY Pulls Back Towards Crucial Trendline

EURJPY retraces lower following a 16-year peak Tests ascending trendline drawn from July 2023 Oscillators suggest weakening momentum EURJPY had been in a steady advance since December 2023, peaking at a fresh 16-year high of 165.34 on March 20. Since then, the pair has been undergoing a downside correction, with the upward sloping trendline that connects higher […]
08/12/2023

The Day Has Come

Yesterday was finally the day that most FX traders have been waiting for since at least a year: the day where the Bank of Japan (BoJ) gave a hint that it will finally exit its negative interest rate policy. Precisely, the BoJ Governor said, after his meeting with the Japanese PM – that handling of […]
19/03/2024

EURCHF Wave Analysis

EURCHF under bullish pressure Likely to rise to resistance level 0.968 EURCHF under the bullish pressure after the pair broke the key resistance level 0.9600 (which stopped the previous impulse wave i at the start of March). The breakout of the resistance level 0.9600 accelerated the C-wave of the active intermediate ABC correction (2) from […]