Elliott Wave Analysis on EURJPY Expects Support Soon

In focus today Today focus in the euro area will be on minutes from the December ECB meeting. As for data releases Thursday looks rather light, however in the US the Philly Fed Manufacturing Index comes out. Consensus expects an improvement. A few central bankers are scheduled to speak today with SNB chairman Jordan speaking […]

Markets This week’s opening session can be easily classified. Risk sentiment improved somewhat after last week’s beating with key European and US stock markets gaining slightly under/over 1%. That doesn’t cover ground lost though with technical pictures still sending correction vibes. The trade weighted dollar (DXY) last Friday tested the first support in around 100.50/60 […]

The GBPUSD pair remains in a bullish position, but signs of being overbought are emerging with the RSI indicator nearing 70. The pair has support near 1.3200 and resistance around 1.3260, with the next significant level at 1.3300. On Monday, the pair gained momentum as a weakening US Dollar and optimism around a potential Federal […]