US 500 Index Eases After the Climb to New High

The Euro keeps firm tone and extends gains into third consecutive day, pressuring key resistances at 1.0750 zone (50% retracement of 1.0885/1.0601 / daily Kijun-sen). Firm break here to generate fresh bullish signal for extension of the bull-leg from 1.0601 (Apr 16) where larger downtrend was contained by a double-Fibo support (38.2% of 0.9535/1.1275 / […]

US CPI expected to edge higher to 3.2% UK GDP projected to rebound to 0.2% The British pound is unchanged on Thursday, trading at 1.2741 in Europe. We could see some movement from the pound in the North American session following the release of the US inflation report. On Friday, the UK releases GDP, which […]

CADJPY under bullish pressure Likely to rise to resistance 117.00 CADJPY currency pair under the bullish pressure after the price broke above the key resistance level 115.40 (which stopped the previous impulse wave 1 at end of May). The breakout of the resistance level 115.40 accelerated the active impulse waves 3 and (3). Given the […]