EURGBP Wave Analysis

Key Highlights EUR/USD started another decline and traded below the 1.0500 support. A major bearish trend line is forming with resistance at 1.0485 on the 4-hour chart. Bitcoin rallied further and traded close to the $100,000 milestone level. GBP/USD dipped further and tested the 1.2500 support zone. EUR/USD Technical Analysis The Euro started yet another […]

The December quarter labour market surveys surprised modestly to the upside, suggesting that activity and inflation pressures are still easing, but perhaps not as quickly as the RBNZ would have hoped. Unemployment rate: 4.0% (prev: 3.9%, Westpac f/c: 4.2%, RBNZ f/c 4.2%) Employment change (quarterly): +0.4% (prev: -0.2%, Westpac f/c: +0.3%, RBNZ f/c +0.2%) Labour […]

Summary United States: High Mortgage Rates Burden Homebuyers Homebuying retreated in April following a leg up in mortgage rates. Meanwhile, durable goods orders surprised to the upside, suggesting the manufacturing industry is on better footing. Next week: Consumer Confidence (Tue.), Personal Income & Spending (Fri.) International: Foreign Economies Show Mixed Inflation Trends amid Ongoing Economic […]