EURGBP Lacks Clear Direction in Short-Term

EURUSD edges higher in European trading on Monday as bears are taking a breather after a two-day pullback from a multi-week high (1.0948). Rising 10DMA and Fibo 23.6% of 1.0666/1.0948 (1.0881) contained dips for now, signaling a scenario of shallow correction before larger bulls regain control. Talks about possible start of easing monetary policy as […]

Nikkei 225 has undergone a 4-week corrective decline of 10.6% since its 41,088 all-time high printed on 22 March. Nikkei 225 major uptrend phase in place since 4 January 2023 remains intact. BoJ’s recent announcement on its reduction of 5 to 10-year JGBs purchases has led to a spiked up in JGBs yields that implied […]

AUDUSD remains constructive and consolidating Tuesday’s 0.80% advance, as this morning’s RBNZ rate cut by 25 basis points negatively impacted Aussie dollar, but dips were limited, due to strong near-term bullish sentiment on revived risk appetite. Technical studies are bullish on daily chart (rising positive momentum / MA’s turning to bullish setup) with strong bullish […]