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In focus today Starting off a busy week in the euro area, today sees the release of September credit data and October’s German Ifo indicator. Credit growth has been strong in 2025 with recent growth rates of around 2.5% y/y, though the slowing credit impulse signals weaker GDP growth in the second half of the […]

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GBP/USD And USD/CAD Decline As Dollar Sees Mixed Flows

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27/03/2025

USD/JPY: Bulls Eye Key Technical Barriers at 151.25/30

USDJPY is establishing above 150 support as fresh gains extend into second consecutive day and fully reverse Tuesday’s 0.7% drop. Bulls cracked 151.00 level on Thursday and pressure pivotal barriers at 151.25/30 (Fibo 38.2% of 150.87/146.53/March high). Headwinds could be expected at this zone, which would pause recovery from 146.53 (March 11 low), although dips […]
04/12/2023

Gold Technical: Medium-Term Uptrend Remains Intact But Risk of Minor Pull-back

Today’s early Asian session’s swift rally to a fresh all-time high is likely to be driven by a thin liquidity trading environment rather than the Israel-Hamas geopolitical war risk premium. Spot Gold’s portfolio hedging role may gain traction as global recession risk resurfaces. Medium-term uptrend phase remains intact but may shape a minor pull-back below […]
20/09/2024

Intraday Elliott Wave View on Dow Futures (YM) Favors the Bullish Side

Short term Elliott Wave view on Dow Futures (YM) suggests that cycle from 8.8.2024 low is in progress as an impulse. Up from 8.8.2024 low, wave (1) ended at 41682 and wave (2) pullback ended at 40028 as the 1 hour chart below shows. Internal subdivision of wave (2) unfolded as a zigzag Elliott Wave […]