Silver Wave Analysis

GBPCAD bounces off uptrend line But strength of rebound is in question 20-day SMA is nearest challenge for the bulls GBPCAD has rebounded back above the 50-day simple moving average (SMA) after a 2% correction in June took the price below it towards the upper ascending trendline that’s been in place since the autumn of […]

The narrowing of the Germany Manufacturing PMI to U.S. ISM Services PMI spread suggests that Germany’s growth prospects have improved relative to those of the US. The preliminary April data from the University of Michigan’s Consumer Sentiment survey has heightened concerns about stagflation in the U.S. EUR/USD rallied to a 52-week high and may have […]

Australian dollar surged 0.9% vs Kiwi dollar in Wednesday’s morning, lifted by fresh hawkish signals that the RBA may opt for a rate hike next month, after Australia’s inflation rose above expectations and hit new multi-month high in May. A full-figure rise broke through three Fibo barriers (38.2%; 50% and 61.8% retracement of 1.1030/1.0732 downtrend) […]