Indonesia Consumer Confidence: 121.1 (March) vs previous 126.4

Daily Pivots: (S1) 153.64; (P) 154.03; (R1) 154.39; More… No change in USD/JPY’s outlook and intraday bias stays on the upside for upside for 100% projection of 146.58 to 153.26 from 149.37 at 156.05. Firm break there will extend the rally from 139.87 to 158.86 resistance next. On the downside, below 153.24 resistance turned support…

China has accused UK politicians of “arrogance, ignorance and a twisted mindset” as it defended British Steel’s owner, Jingye, after a barrage of criticism over the narrowly averted shutdown of its blast furnaces. Beijing’s embassy to the UK accused unspecified British public figures of slandering China’s government and businesses, in comments published on Wednesday on…

I’m on board with the reversal in markets today. I think there is something of a news overload that the market is dealing with. Obviously, there were parts of the market that didn’t like what Powell said yesterday but it shouldn’t have been a surprise. If anything, the dots should matter and they still show…

Despite today’s public holiday in Japan, yen buyers remain active. As shown on the USD/JPY chart, today’s candle low has dropped below the psychological level of 140 yen per dollar. The last time this exchange rate was seen was on 28 July 2023. On 11 September, when analysing the USD/JPY chart, we:→ drew a descending…

Here are some of the charts I occasionally send to our WhatsApp Bdcst Group to make the case for intraday and even intra week trades. If you do not understand how to read the GoldBugs Ratio chart, there are detailed explainers in my Youtube and Instagram videos over the past 12 months. Due to the…