USD/JPY rejected support level
U.S. Employment Data
Price Movement
Since yesterday, USD/JPY moved down by 35pips and moved back up to around the same price level.
Trend
Overall, USD/JPY is trending upwards.
Macro Background
The Average Hourly Earnings measures the change in the price businesses pay for labor (excluding the farming industry). It is...
AUD/USD rejected resistance level
U.S. Employment Data
Price Movement
Since yesterday, AUD/USD moved up by 50pips before coming back down for around 60pips.
Trend
AUD/USD is currently trending upwards.
Macro Background
The Average Hourly Earnings measures the change in the price businesses pay for labor (excluding the farming industry). It is...
US Yields are likely going to follow the same path as Japanese Yields have taken over the past few decades. In this update i discuss why I believe this to be, and I also break down the chart using Elliott Wave and Fibonacci analysis to try and how this will play out.
In this update I take a look at the yellow precious metal Gold. Both the technical and global macro picture are setting up for a perfect environment for gold to rally.
In this video update I make my case for one last blow-off top in the SPX500. I breakdown the chart using Elliott Wave and Fibonacci for technical as well as discuss the impact of the inverted yield curve on the equity space.
The price has invalidated the uptrend in the very short term, going to break down the level placed at 1.317, that was a static support that should have rebounded the price and continue the long trend. After Powell’s words, investors continued to sell the US dollar, making it weaken against all the majors.
The Fed has been clear: at this moment it is difficult to...
USD/CAD broke support level
U.S. Interest Rates
Price Movement
Since yesterday, USD/CAD has moved down by more than 100pips.
Trend
USD/CAD is trending downwards.
Macro Background
This morning (0300 SGT), the Federal Reserve kept the Federal Funds Rate unchanged as expected and the market reacted to the FOMC statement and Press Conference negatively,...
EUR/USD broke resistance level
U.S. Interest Rates
Price Movement
Since yesterday, EUR/USD moved downwards by around 20pips before moving back up by around 90pips.
Trend
EUR/USD is currently trending upwards.
Macro Background
This morning (0300 SGT), the Federal Reserve kept the Federal Funds Rate unchanged as expected and the market reacted to the...
GBP/USD broke key level
U.S. Interest Rates
Price Movement
Since yesterday, GBP/USD moved down for around 40pips before moving up for around 100pips.
Trend
GBP/USD is currently trending upwards.
Macro Background
This morning (0300 SGT), the Federal Reserve kept the Federal Funds Rate unchanged as expected and the market reacted to the FOMC statement...
USD/JPY broke key level
U.S. Interest Rates
Price Movement
Since yesterday, USD/JPY moved up by around 50pips before dropping for around 90pips.
Trend
Overall, USD/JPY is still trending upwards.
Macro Background
This morning (0300 SGT), the Federal Reserve kept the Federal Funds Rate unchanged as expected and the market reacted to the FOMC statement...
AUD/USD broke key levels
U.S. Interest Rates
Price Movement
Since yesterday, AUD/USD has been on a rally, moving up by around 100pips.
Trend
AUD/USD is currently trending upwards.
Macro Background
This morning (0300 SGT), the Federal Reserve kept the Federal Funds Rate unchanged as expected and the market reacted to the FOMC statement and Press...
U.S. Interest Rates
Price Movement
Since yesterday, USD/CAD has been moving within a 40pips range.
Trend
USD/CAD is moving across a wide range of 200pips.
Macro Background
With the recent U.S. government shutdown, the U.S. Federal Funds Rate is expected to maintain at 2.50%. If it is released at a different figure, expect high volatility and price...
EUR/USD tested and bounced-off support
German Preliminary CPI m/m
U.S. Interest Rates
Price Movement
Since yesterday, EUR/USD has been moving within a 40pips range.
Trend
Overall, EUR/USD is trending downwards.
Macro Background
The Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers.
The German...
GBP/USD rejected key levels
Brexit uncertainty
U.S. Interest Rates
Price Movement
Since yesterday, GBP/USD had been bearish and moved for more than 100pips downwards.
Trend
Overall, GBP/USD is trending upwards.
Macro Background
With the recent U.S. government shutdown, the U.S. Federal Funds Rate is expected to maintain at 2.50%. If it is released...
USD/JPY heading towards key level
Japan’s Consumer Confidence
U.S. Interest Rates
Price Movement
Since yesterday, USD/JPY has been moving within a 40pips range.
Trend
USD/JPY is trending upwards.
Macro Background
The Consumer Confidence measures the level of a composite index based on surveyed households (excluding single-person homes).
The Japanese...
AUD/USD heading towards 0.72 level
Australian CPI m/m
U.S. Interest Rates
Price Movement
Since yesterday, AUD/USD’s movement has been muted until the release of Australian’s CPI data, which sends AUD/USD upwards.
Trend
AUD/USD is moving across in a wide range.
Macro Background
The Consumer Price Index (CPI) measures the change in the price of goods...
The trend is bearish in the short and medium term, while in the very short it remains lateral. With the last conference of the ECB governor, the investors have been surprised by a sudden change of vision by Draghi, who said that as early as the first quarter of 2019 could start to issue money at 0 interest rate in favor of the banking system since the European...
