USD/JPY rises to 37y high of 160.87 overnight. Next resistance is at 161.20, OCBC analysts Frances Cheung and Christopher Wong note. Markets eye intervention “USDJPY rose...
GBP/USD climbs to 1.2652, up 0.25%, remaining under the 1.2703 weekly high. Technical stance neutral; daily MAs range between 1.2641 and 1.2557. ‘Evening star’ pattern and...
Gold bounces off the psychologically important $2,300 level after another leg of selling. The pair continues to be pressured by a higher-for-longer outlook on interest rates...
Strong momentum is likely to lead to further the New Zealand Dollar (NZD) weakness. NZD is likely to continue to weaken, but the major support at...
You’d be hard-pressed to find a company that has had a better run lately than NVIDIA (NASDAQ:NVDA). Last year, NVIDIA stock was one of the best...
The EUR/USD pair falls toward a throwback support at the level of 1.0670. The 14-day RSI consolidates below the 50 level; confirming a downtrend for the...
Today’s stock market indices overview: S&P 500, SPY, NASDAQ 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Elliott Wave analysis indices: The Elliott Wave...
The Mexican Peso drifts lower on the eve of the Bank of Mexico policy meeting. The overwhelming majority of economists don’t expect the Banxico to cut...
Gold weakens after several Federal Reserve officials voice their reluctance to cut interest rates yet. The market continues to see a high probability of a cut...
The US Dollar (USD) is likely to edge higher. Any advance is unlikely to reach the major resistance at 7.3000 and 7.3100, UOB Group analysts note....
The Euro (EUR) could dip below the 1.0689 low. The major support at 1.0670 is unlikely to come under threat. EUR has likely entered a consolidation phase....
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ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart). Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that wave 2-grey has ended and wave 3-grey is unfolding to push higher, sub waves are developing in the form of wave ((i)),((ii))-navy and have ended, Wave ((iii))-navy may be unfolding to push higher. ASX: VAS Elliott Wave technical analysis Function: Major trend (Minor degree, grey). Mode: Motive. Structure: Impulse. Position: Wave ((iii))-navy of Wave 3-grey. Details: The short-term outlook shows that wave ((ii))-navy has just ended and it seems that wave ((iii))-navy is opening to push higher, while price must always maintain above 94.64 to maintain this outlook. Invalidation point: 94.64. ASX: VAS four-hour chart analysis...
The EUR/USD pair could test a throwback support at the 1.0670 level. The daily chart suggests a bearish bias as the pair consolidates within the descending...
NZD/JPY remains stable at 97.60, as the pair starts consolidating. The 20-day SMA at 96.30 offers considerable support against a potential correction. Despite the consolidation phase, the...
USD/JPY remains flat as US Treasury yields tumble. Technical outlook shows upward bias with bullish RSI, but risks persist due to potential Japanese intervention. Key resistance...
SPY ETF sees largest outflows in June since January 2015. Semiconductors and big tech experience profit-taking after good run. Micron releases quarterly earnings on Wednesday. Goldman...
GBP/USD is steady as worse-than-expected US Consumer Confidence report, weighs on US Dollar. Technical outlook shows a ‘bullish piercing’ pattern, but momentum favors sellers, with RSI...
The US Dollar (USD) is likely to trade in a sideways range of 7.2750/7.2910. Resistance levels to watch are 7.3000 and 7.3100, UOB Group analysts note....
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ASX: AMCOR PLC – AMC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with AMCOR PLC –...
As long as the US Dollar (USD) remains above 159.30, it could rise above 160.00, potentially reaching another resistance level at 160.25, UOB Group analysts note....