Articles

Yesterday, markets got a bit of a surprise as US Q1 GDP was reported at -1.4% on an annualized basis. This was well below the 1.0% growth expected. Various news agencies provided headlines to soften the implications of the first negative…
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Generally, currency traders don't have to care about what individual stocks are doing. In fact, it's one of the attractive features of Forex trading, that currencies are such a huge market that they generally are moved by macro events.…
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GBPUSD plummets further Sterling tumbled after a larger-than-expected fall in Britain’s retail sales last month. The pair has been gliding down along the 30-day moving average. A previous consolidation around the psychological level…
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EURUSD softens as Fed to go full out The US dollar strengthens over the Fed’s hawkish bias. In a race to bring down 40-year-high inflation, the Fed may go full throttle with half-point hikes. There is still division on the speed…
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Last Monday, China reported annualized Q1 GDP growth at 4.8%, above expectations of 4.4%. Normally, that would be expected to give a positive boost to Chinese assets. After all, better than expected economic activity should be good for…
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XAGUSD seems to be forming a long-term correction wave b of the cycle degree. Wave b, judging by its shape, is a triple zigzag and consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of this triple zigzag are already fully…
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USDJPY sees limited pullback The Japanese yen softens after a weaker-than-expected CPI in March. The RSI’s overbought condition on both hourly and daily charts points to an extreme overextension. Buyers may be reluctant to chase…
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USDJPY seeks support The yen edged higher after Japan’s unemployment rate fell below expectations in December. The greenback met stiff selling pressure at the origin of the mid-January sell-off (115.65). The RSI’s overbought…
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