Elliott Wave Intraday Analysis on AUDJPY Looking to End Wave 5

The euro edged lower on Wednesday but has recovered. In the North American session, EUR/USD is trading at 1.0860, up 0.07% on the day at the time of writing. Eurozone PMIs weaker than expected Eurozone PMIs can be viewed as monthly report cards for the services and manufacturing services. The July PMIs decelerated and indicate […]

Markets Markets took a slow start to the new trading week which looks more enticing later on. In the absence of high profile headlines today, softer yields and a weaker dollar initially proved the to be the path of least resistance, even as the momentum of this trade eased as US traders joined. German/EMU yields […]

Key Highlights GBP/USD is recovering higher from the 1.2300 support. It broke a connecting bearish trend line with resistance at 1.2420 on the 4-hour chart. EUR/USD is consolidating and aiming for a move above 1.0750. Crude oil prices found support near the $81.50 zone. GBP/USD Technical Analysis The British Pound extended losses and traded below […]