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Archives by Year:
Japanese Yen Commentary – Monday, April 29
Wild Swings in USDJPYWe’re seeing huge volatility in the Japanese Yen at the start of the week. After hitting fresh multi decade highs of above 160, USDJPY sharply retreated this morning, plunging lower by over 500 pips. The move suggests that Japanese authorities have finally intervened in the market after plenty of anticipation over recent […]
S&P 500 Jumps On AI-Powered Earnings, Alphabet Dividend And September Rate Cut
It was a good week for the S&P 500 (SPX) jumped almost 2.7% over the previous week. The index closed the fourth week of April 2024 at 5,099.96.There were three main drivers behind the positive change from the preceding week: The world’s biggest publicly-traded company Microsoft (MSFT) experienced what one analyst called a “drop the mic moment”, […]
USD/CHF Forex Elliott Wave Technical Analysis
USD/CHF Elliott Wave Analysis Trading Lounge Day Chart,U.S.Dollar/Swiss Franc (USD/CHF) Day Chart USD/CHF Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE: blue wave 5 […]
USD/JPY Forecast: Yen Surges On Intervention Fears
The USD/JPY forecast turned bearish as the markets plummeted from a whopping 160.00 level amid intervention fears. The pair pulled back sharply after breaching the $160.00 level as the yen got a big boost early in the session. Investors believe Japanese authorities intervened by buying the yen and selling the dollar.The recent sharp decline to […]
Japanese Yen Shows Volatility Amid Speculation Of Intervention
Today’s market movement is particularly notable due to a public holiday in Japan, which has resulted in minimal market liquidity. This scenario made it relatively easy for investors to prompt significant changes in the quotes.Last week, the Bank of Japan (BoJ) maintained its monetary policy foundation, keeping the interest rate steady at 0-0.1% per annum. […]
The Commodities Feed: Speculators Dump Oil
Image Source: DepositPhotosEnergy – Specs dump oilAfter a relatively strong end to the week the oil market has started the week under pressure. ICE Brent is trading back below US$89/bbl at the time of writing. Geopolitical risks appear to have eased considerably, removing some of the risk premium priced into the market. However, there are still signs of […]
EUR/USD Surrenders Intraday Gains Ahead Of US, Eurozone Data-Packed Week
The EUR/USD pair struggles to sustain above the round-level resistance of 1.0700 in Monday’s European session. The major currency pair exhibits caution ahead of the release of key economic indicators in the Eurozone, such as preliminary Eurozone Q1 Gross Domestic Product (GDP) and the Consumer Price Index (CPI) data for April, which will be published on Tuesday. Eurozone’s economic data will influence […]
Analytical Overview Of The Main Currency Pairs – Monday, April 29
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0728 Prev Close: 1.0629 % chg. over the last day: -0.33% The US dollar strengthened on Friday as stronger-than-expected US economic reports on March personal spending and PCE deflator for March proved to be hawkish for Fed policy and may further delay Fed rate cuts. The US […]
Unlocking ASX Trading Success: WISETECH GLOBAL LIMITED – WTC Stock Analysis & Elliott Wave Technical Forecast
ASX: WISETECH GLOBAL LIMITED – WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) WISETECH GLOBAL LIMITED – WTC. We have determined that wave (iv)-purple has ended and wave (v)-purple is opened to push higher.ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis ASX: WISETECH […]
Russia prepares for total crypto ban as geopolitical tensions rise
Russia will enforce a strict ban on the general circulation of crypto assets such as Bitcoin, allowing only digital financial assets issued within its jurisdiction. This initiative, led by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, is part of a broader governmental effort to control the crypto ecosystem amid rising […]
