ING flags potential euro path to $1.20, but sees policy triggers as key
ING flags potential euro path to $1.20, but sees policy triggers as key
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ING flags potential euro path to $1.20, but sees policy triggers as key
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Overall Analysis After breaking its upside channel pattern, the EUR/USD pair fell sharply without any halt. EUR/GBP failed to sustain at higher levels. Price fell sharply and is currently near day resistance. EUR/USD Chart Analysis EUR/USD 15-Minute Chart (Source: TradingView) On the 5th Nov 2024 trading session, EUR/USD pair showed an upside rally till the…
The AUD/USD weekly forecast indicates bearish momentum despite the resilient Australian dollar. Australia’s unemployment data fell to 4.3% in October, with an addition of 42.2k jobs. Traders anticipate the FOMC and RBA meeting minutes along with speeches by Fed officials next week. The AUD/USD weekly forecast reflects a broader selling pressure, as the pair closed…
US Conference Board Consumer Confidence dropped to 104.7 in December, falling short of expectations for 113.2 and down from 112.8 in November. Present Situation Index slipped by -1.2 points to 140.2. The more forward-looking Expectations Index plunged -12.6 points to 81.1, nearing the critical 80 threshold that often signals recession risks. Dana M. Peterson, Chief…
Hello fellow traders. In this technical article, we are going to present Elliott Wave charts of Dow Futures (YM_F) . As our members know, YM_F has been showing impulsive bullish sequences in the cycle from the August 43456 low, pointing to further strength ahead. We have been calling for a rally in Dow Futures. Recently we…
Overall, the situation with the pair under review did not undergo any significant changes over the past day. The euro has been persistently trying to grow and is gradually climbing higher and higher. Occasionally slipping, but managing to rectify its mistake in time, the price moves upwards, probably forming a correction that appears as a…
Elliott Wave Analysis for Binance Coin (BNB/USDT) This analysis examines Binance Coin (BNB/USDT) on the daily timeframe using Elliott Wave theory. The chart reveals a bullish trend, with the structure currently in wave ((5)), the final phase of a larger impulsive pattern. Wave ((3)) was completed earlier as a five-wave sequence. This confirmed strong upward momentum….