Bitcoin price pulled back to new support this morning
NOC remains in a strong long-term bullish structure, but the Elliott Wave cycle looks mature and may retest recent highs before a deeper corrective phase begins. Northrop Grumman Corporation (NYSE: NOC) remains in a strong long-term bullish trend on the monthly chart. The stock has shown years of steady growth supported by a clear Elliott…
AUD/USD posts modest gains around 0.6670 in Friday’s early Asian session. The softer US employment data this week triggered the Fed rate cut expectation in September. RBA’s Bullock said the central bank won’t hesitate to hike again if inflation remains sticky. The AUD/USD pair trades with mild gains near 0.6670 on Friday during the early…
The RBA was the key highlight to start the day and they delivered a more hawkish rate cut, more or less what was expected. The central bank made clear that this doesn’t mean there will be another in April but they are willing to move again so long as there is evidence of further disinflation….
Week in review – Markets remain very anxious This week finally saw the US government reopen after the longest ever government shutdown, which lasted 43 days. News of the deal initially brought a much-needed rally in stocks on Monday, but throughout the week, markets have been plagued by sudden selloffs without much explanation. NOTE: The…
By RoboForex Analytical Department USD/JPY is experiencing a correction phase following two days of gains, as mixed economic signals emerge from Japan. Despite ongoing expectations for monetary tightening by the Bank of Japan (BoJ), the yen faces downward pressure from a slowdown in domestic inflation, which could potentially dampen the urgency for immediate rate hikes….
The Japanese yen is lower on Friday. USD/JPY is trading at 147.66 in the North American session, up 0.38% on the day. BoJ minutes show support for rate hikes The Bank of Japan minutes from the July 31 meeting signaled that the BoJ remains committed to further rate hikes. This reiterates comments from BOJ President…