Forex

GBP/JPY has formed a right-angle triangle which indicates a likely breakout higher.  The MACD momentum indicator is diverging bearishly with price, however,…

As expected, the Central Bank of Turkey (CBT) left rates unchanged at 50% and added a bit to its hawkish communication. The statement turned cautious as a…

The Australian Dollar (AUD) is likely to trade in a 0.6680/0.6725 range. In the longer run, rapid increase in momentum is likely to lead to further AUD…

The Mexican Peso halts its march lower after strong economic data from the US, its largest trading partner.  China data tempers slowdown fears and also…

MCD Elliott Wave Analysis Trading Lounge. McDonald’s Corp., (MCD) Daily Chart. MCD Elliott Wave technical analysis Function: Trend. Mode: Impulsive.…

The Japanese Yen attracts some buyers after verbal intervention from government authorities. Doubts about additional BoJ interest rate hikes this year might…

The Australian Dollar rises as the solid employment data diminish the odds of RBA’s rate cuts in 2024. China’s Gross Domestic Product reported a 4.6% growth…

Short Term Elliott Wave View in S&P 500 Futures (ES) suggests that cycle from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave…

The Indian Rupee edges higher in Friday’s Asian session.  Substantial equity outflows, higher crude oil prices might drag the INR down, but possible RBI…

People's Bank of China (PBOC) Governor Pan Gongsheng said on Friday that the Chinese central bank “provided specific directions for stock buybacks and reloans…