Share: The USD/JPY inverts currency flows as the Yen rises and the greenback steps down. The BoJ could be on track to reverse negative rates, sending JPY back up the charts. USD traders will be looking towards US CPI figures on Wednesday. The USD/JPY saw declines in one of the worst-closing trading days
Share: EUR/JPY advanced towards 158.15, setting a 0.40% weekly gain. The cross was rejected by the 20-day SMA the whole week. The daily charts flash signals of exhaustion. At the end of the week, the EUR/JPY cross advanced to the 158.15 area, seeing 0.40% daily and weekly gains. The daily charts suggest a
Closing changes: Stoxx 600 -0.6% German DAX -0.2% UK FTSE 100 -0.2% French CAC -0.8% Italy MIB -1.4% Spain IBEX -0.8% I’ve been carefully watching the Stoxx 600 for the past week or so as it rang off a series of doji stars on the chart. Today it broke to the downside but perhaps not
AUD/USD, Australian Dollar, RBA, GDP – Talking Points: The Australian economy slowed in Q2, but less than expected. AUD/USD declined after the data release and is now testing key support. What’s next for AUD/USD? Recommended by Manish Jaradi Options for Beginners The Australian dollar fell against the US dollar after the Australian economy slowed in
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Share: GBP/USD trades lower on the back of downbeat UK PMI data. UK Composite PMI fell below 50 for the first time since January. Weaker PMIs from both countries, flaring the likelihood of rate hikes in September meetings. GBP/USD extends its losses and trades lower around 1.2710 during the Asian session on Thursday.
![GDX lower low sequence supports more downside [Video]](https://shmi.ir/wp-content/uploads/2023/08/1691728053_GDX-lower-low-sequence-supports-more-downside-Video-150x203.jpg "GDX lower low sequence supports more downside [Video]")
Share: The short-term Elliott wave view in GDX suggests that the cycle from the 5 May 2023 peak is showing a 5 swings lower low sequence in higher time frame charts. Supporting more downside in the instrument. The decline from that peak is unfolding as an Elliott wave zigzag correction where wave (A)
