2022

XAUUSD nears critical support Gold tumbles as the US dollar regains bullish impetus across the board. A clean cut below the demand zone at 1828 indicates weak interest in safeguarding the latest rebound. As trapped buyers look to exit,…
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Gold prices collapsed during yesterday’s session as traders returned after a weekend of digesting the latest inflation data. With the US CPI reigniting fears about persistent inflation, will this give the Fed something to think about at…
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The markets were hit by a bucket of cold water on Friday after the release of US CPI data. Inflation once again hit the highest it has been in decades. It prompted a reevaluation of the rate hike trajectory, and whether or not a recession…
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The 1H timeframe for the USDCHF currency shows the final part of a large triple zigzag consisting of cycle sub-waves w-x-y-x-z. Currently, there is a development of the actionary wave z of the cycle degree. The wave z most likely…
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USDJPY consolidates gains The Japanese yen clawed back losses after BoJ boss Kuroda raised concerns about the yen's sharp decline. The pair has been climbing along a rising trend line. The lack of supply zone means that there is little…
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Today, we get the last bit of major data ahead of the BOE's interest rate decision. Now, there is a pretty clear consensus that we'll get another 25 basis point hike out of the meeting. But, if anything would disrupt that expectation before…
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The structure of the USDJPY currency indicates the formation of a global impulse trend, which consists of cycle waves. On the 1H timeframe, we see the final part of the sideways correction IV, it is the primary triangle. After the…
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EURUSD seeks support The US dollar surged after May’s inflation beat expectations. The previous rebound’s failure to clear the supply area around 1.0760 indicates that the path of least resistance is down. A sharp drop below 1.0640 and…
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USDCHF rallies as Fed may stay hawkish The US dollar strengthens as the Fed meets this week. Volatility is expected as both central banks are set to roll out their latest policy guidance. While the US Fed would reinforce the market’s…
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With inflation at or near multi-decade highs in most of the world's major economies, there are some concepts that are coming back to market talk. Certain terms might have been seen as too obscure, or associated only with certain emerging…
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