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Archives by Year:
USD/JPY Extends Losses For Third Consecutive Session Towards Crucial Support
The Japanese Yen (JPY) is set to book one of its best weeks in history against the US Dollar. Since last Friday, a string of (un)confirmed interventions have pushed the USD/JPY pair from roughly 160.00 to 153.00. As the dust settles, the question is for how long the effect from these interventions will linger, and […]
EURUSD Tests Resistance: Uptrend Signal Or Correction Within Downtrend?
EURUSD’s price action faces a critical juncture, with a key resistance level potentially dictating the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios. EURUSD Encounters Resistance: 1.0752 Resistance in Focus: A major hurdle for EURUSD is the resistance level at 1.0752. A break above this level could signal a potential […]
Dollar Is Softer Ahead Of The Employment Report
The greenback is trading with a softer bias ahead of the US jobs report. Solid, even if not spectacular job growth, is expected. However, recent survey data warns of the downside risks. Moreover, counter-intuitively, the dollar has not often rallied this year into the employment data, but frequently has in response. The dollar is softer […]
Gold Commentary – Friday, May 3
Gold Softer on FridayGold prices are trading a little softer on Friday as traders brace for the latest set of US labour market readings. The last three months’ worth of NFP results have each surprised to the upside, keeping USD well bid consequently. With the labour market continuing to show robust growth and inflation remaining […]
GBP/CHF Forecast: British Pound Plunges Against Swiss Franc
Swiss National BankKeep in mind that the Swiss National Bank has no interest in seeing a strong Swiss franc at the moment, so you won’t have some of the noise and concerns that you have dealing with the Japanese yen at the moment. After all, the Japanese have intervened a few times, although they will end […]
GBPUSD Forex Elliott Wave Technical Analysis
GBPUSD Elliott Wave Analysis Trading Lounge Day Chart, British Pound/U.S.Dollar(GBPUSD) Day Chart GBPUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: corrective STRUCTURE: red wave […]
Analytical Overview Of The Main Currency Pairs – Friday, May 3
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0713 Prev Close: 1.0724 % chg. over the last day: +0.10 % The monthly Non-farm payrolls labor market report will be released in the US today. In April, the US economy is expected to add 243,000 new jobs after 303,000 in March. The unemployment rate was unchanged at 3.8%, and […]
Daily Market Outlook – Friday, May 3
“Huge Apple Buyback Boosts Markets Ahead Of Pivotal US Payrolls”On Friday, Asian stocks reached their highest level in 15 months, driven by the tech sector and Hong Kong stocks. Meanwhile, the yen strengthened, moving further away from its recent 34-year lows, following a week of suspected intervention by Japanese authorities. With Japan and mainland China […]
Bitcoin Bearish Reversal Month Sets Up Possibility For Deeper Setback
The market pushed to a fresh record high in the month of March but at the same time it is important to acknowledge that we have seen a consecutive monthly gain and at this stage it’s possible the bearish reversal month in April sets up a possibility for a deeper setback and correction.Video Length: 00:00:48More […]
Coinbase And Block Inc.stock Prices Are Up, But Is The Crypto Party Over?
This morning, stock prices for cryptocurrency exchange platform company Coinbase Global Inc (COIN) are up almost 9% in pre-market trading.Meanwhile, cryptocurrency-focused financial services company Block Inc (SQ) (which allows clients to transact and invest in stocks using Bitcoin) has enjoyed a similar surge in price. The company’s stock price has shot up 5.18% today so […]
