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Gold reversed from resistance zone Likely to fall to support level 2400.00 Gold recently reversed down from the resistance area located between the strong resistance level 2475.00 (which stopped the previous impulse waves (3) and 1) and the upper daily Bollinger Band. The downward reversal from the resistance level 2475.00 stopped the previous impulse waves […]

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12/12/2023

Recent Inflation Data Probably Will Allow Fed to Remove a Final Rate Hike

Markets Markets yesterday understandably started the week in a wait-and-see modus, looking forward to key eco data, including US CPI and policy meetings of the Fed, the ECB and the Bank of England later this week. One-year inflation expectations in the New York Fed’s consumer expectations survey eased slightly from 3.57% to 3.36%, the lowest […]
13/12/2023

Sunset Market Commentary

Markets UK gilts and sterling catch the eye today. Yields in the country tank between 9.8 (30-y) and 13.3 bps (2-y). Sterling dropped with EUR/GBP, after testing the 0.86 yesterday, now moving past that level more convincingly (0.8612). Reason for the move s this morning’s batch of October eco data. Whether it was industrial production, […]
21/02/2024

EURJPY Wave Analysis

EURJPY broke resistance level 161.80 Likely to rise to resistance level 164.00 EURJPY currency pair continues to rise steadily after the price broke the resistance level 161.80 (which stopped the previous minor impulse wave 1 in the middle of January). The breakout of the resistance level 161.80 accelerated the active short-term impulse wave iii of […]