European Currencies Correct in Anticipation of a Pre-Holiday Rally

Tesla’s Q1 results didn’t look good at all. The revenue dropped 9% – the first revenue drop in four years – and net income plunged by 55% compared to the same time last year. And these numbers were not only bad, but they were also worse than the expectations for the 3rd straight month. Yet […]

AUDUSD charts new low after disappointing jobs data Short-term outlook remains bearish; sellers eye 0.6470 support AUDUSD continues its bearish slide, hitting a three-month low of 0.6458 in the wake of weaker-than-expected Australian jobs data early on Thursday. Having slumped below the key support trendline that delivered two impressive bullish cycles earlier this year, the […]

USDJPY trades higher again, testing the October 21, 2022 high Last week’s events have renewed the bullish pressure as intervention risk increases Momentum indicators support the bullish move; all eyes are on the stochastic oscillator USDJPY is continuing its journey north and it is now testing the October 21, 2022 high at 151.94 as last week’s events have probably […]