Week Ahead – As Dollar Recovers, Spotlight Falls on US CPI Inflation

EURUSD stabilized last week, firstly with five five waves up from 10725 which marks an important short-term low, and then bounced after a wave set-back despite strong US jobs data. We see nice wave b correction that is now pointing to higher prices near-term only; possibly wave C up to 1.09-1.0940 area till ECB this […]

Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below the bi milestone of $2 trillion. This level acted as resistance in early February and support since May, except for a brief dip in early August. The horizontal correction pattern risks turning into a downtrend if the market breaks below […]

USDJPY remains firmly in red and cracked pivotal Fibo level at 140.48 (61.8% retracement of 127.22/161.95), the upper boundary of 140.48/00 key support zone, after renewed weakness in past two days fully offset positive signal from Wednesday’s long-tailed daily candlestick. The pair is on track for another weekly loss, with long upper shadow on weekly […]