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DXY: The DXY (Dollar Index) chart exhibits bullish momentum, hinting at a potential bullish rebound around the pivot level and subsequent movement towards the 1st resistance. The pivot at 102.86 serves as significant overlap support, indicating potential buyer intervention for a bullish bounce, with the 1st support at 101.86 reinforcing this pattern. On the resistance […]

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GBP/USD Edges Lower, UK Employment Next

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Japanese Yen Weakens After Five Sessions of Gains

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31/01/2024

GBPJPY Wave Analysis

GBPJPY reversed from resistance level 79.15 Likely to fall to support level 184.50 GBPJPY currency pair recently reversed down from the key resistance level 188.55 which has been reversing the price from November, as can be seen below. The downward reversal from the resistance level 188.55 started the active short term impulse wave c. Given […]
02/08/2024

Week Ahead – RBA and BoJ Summary of Opinions Take Center Stage

RBA decides on policy as hike bets disappear BoJ Summary of Opinions awaited for more hike hints After Fed, dollar turns to ISM non-mfg PMI New Zealand and Canada jobs data also on tap Will the RBA turn dovish? Following the BoJ, the Fed, and the BoE decisions this week, the central bank torch will […]
22/12/2023

Soft Inflation at the Top of Santa’s Wishlist

Appetite in European stocks waned yesterday, yet the US counterparts recovered Wednesday losses and closed the session more than 1% higher as the latest growth data was revised slightly lower to 4.9%, real consumer spending was revised down from 3.6% to 3.1%, corporate profits from above 4 to 3.7%. Else, jobless claims came in lower […]