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GBP/JPY Struggles To Capitalize On Post-UK CPI Rise, Down A Little Above 187.00

GBP/JPY Struggles To Capitalize On Post-UK CPI Rise, Down A Little Above 187.00

The GBP/JPY cross attracts some dip-buyers following an intraday slide to the 185.80 area and climbs to the top end of its daily range during the first half of the European session on Wednesday. Spot prices currently trade around the 187.25-187.30 region, just below a one-week high touched on Tuesday, though the fundamental backdrop warrants […]
FOREX: Bracing For Serious USDJPY Whiplash

FOREX: Bracing For Serious USDJPY Whiplash

The market is buzzing with anticipation ahead of the FOMC decision, and with OIS pricing in about 40bps of cuts, we’re now looking at a 65%+ chance of a 50bps move. In typical FX fashion, USD/JPY—the ultimate market rollercoaster—jumped back over the 142.00 mark following a retail sales report that was “consensus enough” to get […]
AUDNZD Is Turning From Resistance

AUDNZD Is Turning From Resistance

We talked about AUDNZD back on August 26, where we mentioned and highlighted strong resistance.AUDNZD is nicely turning down now from projected 61,8% Fibo. retracement and 1.11-1.12 resistance area. A decline looks quite strong, so it can be at the beginning of a bearish wave (C) with a leading diagonal pattern into wave 1 that […]
EURGBP Forex Elliott Wave Technical Analysis – Wednesday, September 18

EURGBP Forex Elliott Wave Technical Analysis – Wednesday, September 18

Euro/British Pound (EURGBP) – Day Chart OverviewEURGBP Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Navy blue wave 3 Position: Gray wave C Direction (Next Higher Degrees): Navy blue wave 3 (started) Details: Navy blue wave 2 appears completed, with navy blue wave 3 now in play. Wave Cancellation Invalidation Level: 0.84005 The EURGBP Elliott […]
EUR/JPY Forecast: Bottoming Out?

EUR/JPY Forecast: Bottoming Out?

At this point, I suspect that the 155 yen level will end up being the floor in the market, unless of course something drastic happens that has a huge risk off trade going forward. Keep in mind though, Friday is the Bank of Japan interest rate decision and that of course will have its own […]
Rates Spark: A Strong Temptation For The Fed To Cut By 25bp

Rates Spark: A Strong Temptation For The Fed To Cut By 25bp

Image source: PixabayThe market is gunning for a 50bp cut. But could that juice equities? Is that what the Fed wants? Is there a need for a big cut? On balance, a contrarian 25bp cut could prove a bigger statement. In Europe, despite lower rates, the uptake of the ECB’s MRO liquidity facility remains low, reflecting ample […]
Current Report: Hypera

Current Report: Hypera

Image Source: PixabayTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Hypera SA (HYPMY) is a specialty and generic drug manufacturing company. The company has a focus on the pharmaceutical segments of the Brazilian market, along with a presence in nonprescription drugs and branded […]
How The Fed Announcements Could Shape The S&P 500’s Next Move

How The Fed Announcements Could Shape The S&P 500’s Next Move

Image Source: UnsplashThe markets are at a pivotal point, and investors are closely watching what comes next. If you’ve been keeping an eye on the S&P 500, you’ve probably noticed some telltale bullish signs emerging on the charts. But what does it all mean, and how can we anticipate what’s coming next? In this post, we’ll […]
Gold Trading Strategy, XAUUSD Analysis & Forecast

Gold Trading Strategy, XAUUSD Analysis & Forecast

Image Source: PixabayToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:20More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast – […]
Metal Markets Report For Tuesday, Sept 17

Metal Markets Report For Tuesday, Sept 17

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:07:30More By This Author:Financial Markets Report For Tuesday, Sept 17Financial Markets Report For Monday, Sept 16Financial Markets Report For Thursday, Sept 12