Friday saw the release of the last important piece of the inflation puzzle ahead of next week’s Fed meeting. The FOMC’s preferred measure of inflation, the Core Personal Consumption Expenditures Price Index, rose 0.2% m/m and 2.6% y/y, keeping the ..read more

Gold came close to closing lower for the second week in a row, falling to $2372 per troy ounce on Friday morning, $111 below its high on July 17th. This decline occurred in two impulses, with an intermediate correction in ..read more

Market Picture The cryptocurrency market rallied 3.4% overnight to $2.4 trillion, taking advantage of the mixed performance of US indices, with the Russell2000 and Dow Jones up and the Nasdaq100 and S&P500 down. It’s not a full recovery, but it’s ..read more

– EURJPY reversed from support level 165.00 – Likely to rise to resistance level 168.00 EURJPY currency pair recently reversed up from the pivotal support level 165.00 (former strong resistance from March and April, which also stopped the previous correction 2 ..read more

– USDCAD reversed from long-term resistance level 1.3850 – Likely to fall to support level 1.3760 USDCAD currency pair is under bearish pressure after previously reversing from the long-term resistance level 1.3850 (which has been repeatedly reversing the price from the ..read more

The markets have taken a beating: the rise in volatility on FX and equities around the world is clearly visible. Commodity markets have also been hit. Traders who have seen the markets move live since the global financial crisis must ..read more

Market picture The pressure on financial markets has spread to cryptocurrencies – the flip side of the long-desired easing of institutional access to the crypto market. The launch of the Ethereum ETF coincided with the most powerful drop in the Nasdaq index in months. The cryptocurrency market lost 3.5% in the last 24 hours, pulling back at one point to $2.3 trillion, its lowest in 10 days. Bitcoin is down to $64.0K, once again approaching the 50-day MA where it consolidated for most of last week. There are small hopes that the first cryptocurrency will gain support near this level. However ..read more

– AUDCHF broke support level 0.5865 – Likely to fall to support level 0.5735 AUDCHF currency pair recently broke the key support level 0.5865 (which stopped the previous correction (A) in the middle of June). The breakout of the support level 0.5865 coincided with the breakout of the 50% Fibonacci correction of the previous sharp upward impulse from February. AUDCHF currency pair can be expected to fall further to the next support level 0.5735 (former multi-month low from the middle of April ..read more

– GBPAUD broke multi-month resistance level 1.9510 – Likely to rise to resistance level 1.9700 GBPAUD currency pair recently broke above the multi-month resistance level 1.9510 (which has been reversing the price from February). The breakout of the resistance level 1.9510 accelerated the C-wave of the active ABC correction (2) from the start of May. GBPAUD currency pair can be expected to rise further to the next resistance level 1.9700 (target price for the completion of the active ABC correction (2 ..read more

– NZDJPY falling inside ABC correction (2) – Likely to reach support level 92.00 NZDJPY currency pair falling sharply after the price broke the support area located between the support level 95.50 and the 38.2% Fibonacci retracement of the previous impulse (1) wave from April. The breakout of this support area accelerated the active impulse wave C of the intermediate ABC correction (2) from the start of this month. NZDJPY currency pair can be expected to fall further to the next support level 92.00 (target price for the completion of the active wave (2 ..read more