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A few pieces of good news helped calm investors’ nerves before the Easter break. First, Donald Trump said yesterday that the US and Japan made ‘big progress’ in trade negotiations. The latter headlines helped the Nikkei gain over 2% yesterday and extend gains by about 0.64% this morning. He also said that there could be […]

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14/01/2025

GBP/USD: Holds Near New Multi-Month Low, UK and US CPI Reports in Focus

Cable came under fresh pressure on Tuesday and looks for retest of new multi-month low (1.2099) after recovery from Monday’s strong downside rejection failed repeatedly at 1.2250 zone. Bears regained control after a mild correction, with loss of 1.2099 low (also monthly cloud base) to open way for test of 1.2037/00 targets (4 Oct 2023 […]
06/02/2025

NZDUSD Wave Analysis

NZDUSD reversed from strong support level 0.5500 Likely to rise to resistance level 0.5800 NZDUSD currency pair recently once again reversed up from the strong support level 0.5500, which stopped the previous sharp weekly downtrend at the end of 2022. The previous upward reversal from the support level 0.5500 created the daily Japanese candlesticks reversal […]
25/09/2024

Swiss National Bank (SNB) Preview – FX Intervention Chatter, USD/CHF Eyes Range Breakout

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