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Markets Global markets today are captured in guarded (holiday thinned) trading, awaiting more concrete news later this week/next week. US and EMU PMI’s on Thursday will give some insight on current activity and corporates’ intentions as trade negotiations between the US and its (major) trading partners are entering ‘money time’. The ECB will hold a […]

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08/07/2024

USD/JPY: Soft US Data Offers a Potential Relief Rally for JPY

Lacklustre US non-farm payrolls & ISM Services PMI for June has led to a further drop in US Treasury yields. Both the 2-year and 10-year US Treasuries/JGBs yield premiums have shrunk to a 5-month low. A lower positive carry using JPY as a funded currency and elevated net short positioning in JPY futures may put […]
14/06/2024

Elliott Wave Intraday Analysis on DAX Looking for Support Soon

Short Term Elliott Wave in DAX suggests the Index is correcting cycle from 4.19.2024 low. The rally from 4.19.2024 low ended wave 1 at 18892.92. Wave 2 pullback is currently in progress as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 18515.84 and wave (b) ended at 18855.05. Wave […]
04/04/2024

Silver Wave Analysis

Silver broke major resistance zone Likely to rise to resistance level 28.00 Silver under the bullish pressure after the recent breakout of the major resistance zone located between the resistance levels 26.15 and 26.90 (previous yearly highs from 2022 and 2023). The breakout of the resistance levels 26.15 and 26.90 accelerated the active impulse waves […]