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Markets: Yesterday’s US data (shipments, durable goods orders, house prices, consumer confidence) was mixed and failed to given guidance for (bond) trading. (US) markets over the previous two months reverted to a more neutral positioning, putting themselves in line with the December Fed dots ‘guiding’ 75 bps of cumulative rate cuts by the end of […]

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18/12/2023

Long Japanese Yen

The Federal Reserve’s (Fed) rate cut talk becomes chaotic and frankly, hard to follow. After the Fed signaled a possible end to its monetary policy tightening campaign and the European policymakers refused to adhere, some Fed members including John Williams and Raphael Bostic pushed back the Fed cut expectations. Alas, activity on Fed funds futures […]
28/05/2024

EURAUD Wave Analysis

EURAUD reversed from resistance level 1.6365 Likely to fall to support level 1.6210 EURAUD currency pair previously reversed down from the key resistance level 1.6365, former support from April and January. The resistance level 1.6365 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the previous downward impulse 1 […]
28/03/2024

Nasdaq 100 (NQ) Potential Support Area

Short Term Elliott Wave view in Nasdaq 100 (NQ) suggests that pullback to 18011.3 ended wave 4. The Index has turned higher in wave 5. Internal subdivision of wave 5 is unfolding as a diagonal. Up from wave 4, wave (i) ended at 18106.75 and wave (ii) ended at 18044. Wave (iii) higher ended at […]