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DXY: The DXY (US Dollar Index) could potentially make a Bearish continuation towards the 1st support. The 1st support at 102.30 is identified as a pullback support. This suggests that it’s a significant level where buying interest may emerge, providing support for the DXY. The 2nd support at 101.83 is another overlap support level. This […]

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Australia October Monthly CPI Indicator

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18/09/2024

USDJPY Experiences Renewed Decline as Market Adjusts Expectations

The USDJPY pair is currently stabilising around 141.44 on Wednesday, following a brief strengthening of the US dollar which impacted the yen negatively the previous day. Despite this, the overarching downward trend for the pair persists. Tuesday witnessed strong US retail sales data, bolstering the dollar’s strength temporarily and leading to a correction in the […]
06/12/2023

Dow Jones is Close to a Peak

The Dow Jones index has switched into consolidation mode, joining the S&P500 and Nasdaq100, which did so almost two and three weeks ago, respectively. This could be consolidation before a spurt to new highs, but it’s more likely that we’re seeing a depletion of growth. The Dow Jones index is trading just 0.8% away from […]
08/04/2024

EUR/USD: Short-term bullish, till ECB

EURUSD stabilized last week, firstly with five five waves up from 10725 which marks an important short-term low, and then bounced after a wave set-back despite strong US jobs data. We see nice wave b correction that is now pointing to higher prices near-term only; possibly wave C up to 1.09-1.0940 area till ECB this […]