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USD/JPY Touches New Multi-Month High Above 158.50

USD/JPY Touches New Multi-Month High Above 158.50

 Image Source: Pixabay   USD/JPY climbed to its highest level since July above 158.50 on Wednesday. The US Dollar benefits from the souring risk mood after Trump tariff news. ADP Employment Change data and FOMC Minutes coming up next. USD/JPY continued to stretch higher and touched its strongest level since July above 158.50 on Wednesday. At the […]
Elliott Wave Technical Analysis: Salesforce Inc. – Wednesday, Jan. 8

Elliott Wave Technical Analysis: Salesforce Inc. – Wednesday, Jan. 8

CRM Elliott Wave Analysis Trading LoungeSalesforce Inc., (CRM) Daily ChartCRM Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ComplexPOSITION: Wave 4 of (3).DIRECTION: Pullback in 4.DETAILS: We are looking at a potential wave 4 near completion. It is yet unclear whether this is a wave 4 of (3) or else we are within wave 1 of. (3) suggesting much […]
Gold Price Tests Resistance While US Yields Sprint Higher

Gold Price Tests Resistance While US Yields Sprint Higher

Gold price edges higher for the second day in a row on Wednesday around the technical level of $2,655. President-elect Donald Trump reiterated that US rates need to come down further.  Gold price remains stuck in a broad pennant technical formation, though starting to test upside levels. Gold’s price (XAU/USD) edges higher for the second […]
Is USD/JPY Set For Seasonal Gains On Q1?

Is USD/JPY Set For Seasonal Gains On Q1?

Instrument: USD/JPY (Currency) Average Pattern Move: +1.56% Timeframe: Jan 6 – Apr 6 Winning Percentage: 65%The yen weakened the most among major currencies to start the week commencing Jan 06  as Tokyo traders returned from the holiday season, dropping to a 157.83 per dollar on Monday. The decline followed strong US data, including ISM manufacturing […]
Two Trades To Watch: DAX, USD/JPY Forecast – Wednesday, Jan. 8

Two Trades To Watch: DAX, USD/JPY Forecast – Wednesday, Jan. 8

Image Source: Unsplash  DAX rises for a third session despite weak data Factory orders slump -5.4% Retail sales fall  0.6% MoM in November DAX rises towards 20,500 The DAX is rising for a third straight day despite a weaker close in the US and softer than forecast data from Germany. SAP is leading the rise, up […]
German New Orders And Retail Sales Data Confirm Picture Of Light Winter Recession

German New Orders And Retail Sales Data Confirm Picture Of Light Winter Recession

Image Source: Unsplash  November retail sales and industrial orders data confirm our view of a light winter recession in Germany.Industrial orders plummeted by 5.4% month-on-month in November, from -1.5% MoM in October. On the year, orders were down by some 2%. At the same time, retail sales poured cold water on hopes of a consumption revival, […]
AUD/USD Forex Signal: Bearish Flag Points To More Sell-Off

AUD/USD Forex Signal: Bearish Flag Points To More Sell-Off

Bearish view Sell the AUD/USD pair and set a take-profit at 0.6180. Add a stop-loss at 0.6315. Timeline: 1-2 days.  Bullish view Set a buy-stop at 0.6245 and a take-profit at 0.6325. Add a stop-loss at 0.6175. The AUD/USD pair moved sideways ahead of the upcoming US jobs data, Federal Reserve minutes, and a statement […]
Inflationary Pressures Are Rising In The Eurozone

Inflationary Pressures Are Rising In The Eurozone

Image source: Pixabay  At the end of Tuesday, the Dow Jones Index (US30) decreased by 0.42%. The S&P 500 Index (US500) was down 1.11%. The Nasdaq Technology Index (US100) lost 1.78%. The US stocks closed lower on Tuesday as good economic data drove Treasury yields higher, dampening expectations of a Federal Reserve rate cut this year. […]
Current Report: ITFOR Inc.

Current Report: ITFOR Inc.

Image Source: Unsplash  ITFOR Inc (ITFRF) is an information technology service management company. The firm develops total solutions, from consulting, to system configuration, customer specific solution development, operation, and management for network security.The company’s service portfolio comprises financial solution systems, call-centre SI services, e-commerce site construction solution, RPA business automation solutions, and network security solutions.The company […]
EUR/USD Analysis: Ahead Of Fed Minutes

EUR/USD Analysis: Ahead Of Fed Minutes

During yesterday’s trading session, the EUR/USD pair attempted to rebound upwards, but its gains did not exceed the 1.0435 level before settling back down around 1.0335 at the time of writing this analysis. This comes ahead of the release of the minutes of the latest US Federal Reserve meeting, during which the bank changed the […]