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Markets Curve steepening was the name of the game yesterday. Higher risk premia (public finances) drove the underperformance at the long end of the curve in which the UK, as usual, took the lead. Its 30-year maturity hit the highest level since 1998. German and European (swap) rates joined the move higher, to a 14-year […]

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Elliott Wave Analysis Nasdaq Futures (NQ) Double Correction Targets 22752 Downside

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02/08/2024

USD/JPY Dips Below 150.00 as Bears Take Over

Key Highlights USD/JPY declined heavily and even traded below 150.00. A connecting bearish trend line is forming with resistance at 151.80 on the 4-hour chart. EUR/USD could extend losses below the 1.0820 level. Gold gained pace and climbed above the $2,450 level. USD/JPY Technical Analysis The US Dollar started a fresh decline from well above […]
06/09/2024

US 500 Index Could See Further Weakness

US 500 index posts negative days lately Next support at long-term rising trend line Momentum oscillators confirm bearish correction The US 500 cash index is recording the fourth straight negative session, losing more than 3%. The price is currently retreating beneath the 5,565 strong resistance level as well as below the 20- and the 50-day […]
10/07/2024

Elliott Wave Intraday Analysis on Silver (XAGUSD) Looking for Dips to Find Support

Short Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 ended wave (4). The metal has turned higher again in wave (5) as the 1 hour chart below shows. It still needs to break above the previous wave (3) peak at 32.51 to rule out a larger double correction. Up from wave […]