Two Trades To Watch: DAX, USD/JPY Forecast - Wednesday, Jan. 8
DAX rises for a third session despite weak data. USD/JPY rises on USD strength ahead of Fed minutes & ADP payrolls.
German New Orders And Retail Sales Data Confirm Picture Of Light Winter Recession
November retail sales and industrial orders data confirm our view of a light winter recession in Germany.
AUD/USD Forex Signal: Bearish Flag Points To More Sell-Off
The AUD/USD pair moved sideways ahead of the upcoming US jobs data, Federal Reserve minutes, and a statement from Christopher Waller. It was trading at 06242, a 1% drop from this week’s high of 0.6300.
Inflationary Pressures Are Rising In The Eurozone
Eurozone inflation rose to 2.4% in December from 2.2% in November, thanks to a rise in the cost of services and energy prices, which was in line with expectations.
Current Report: ITFOR Inc.
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EUR/USD Analysis: Ahead Of Fed Minutes
During yesterday's trading session, the EUR/USD pair attempted to rebound upwards, but its gains did not exceed the 1.0435 level before settling back down around 1.0335 at the time of writing this analysis.
USD/CAD Price Analysis: US Data Backs A Slow Fed Easing Cycle
US job openings unexpectedly rose to 8.10 million in November. The US ISM services PMI increased to 54.1, above forecasts of 53.5.
Canada’s Prime Minister Justin Trudeau announced plans to resign.
Ethereum Price Drops Back: Another Test For Support Levels
Ethereum price failed to clear the $3,750 resistance and trimmed gains. ETH is back to $3,350 and might struggle to start a fresh increase.
Daily Market Outlook - Wednesday, Jan. 8
Asian markets declined, mirroring the moves in the U.S. overnight.
Elliott Wave Technical Analysis - Swiss Market Index - Wednesday, Jan. 8
The invalidation level (11,245.31) is a key reference point for maintaining the accuracy of the wave analysis and guiding expectations for future market movements.
Gold: Elliott Wave Analysis Predicts The Decline From Extreme Zone
In this technical article we’re going to take a quick look at the Elliott Wave charts of GOLD commodity, published in members area of the website.
Navigating The EURUSD Landscape: A Detailed Analysis Of Recent Movements
The EURUSD pair has recently exhibited significant volatility, with a notable bounce from the 1.0223 level, extending upwards to a high of 1.0436.