Tag: CURRENCIES

USDJPY surged sharply last week after CPI data showed inflation was higher than expected in January, strengthening the case for more Fed hikes. How...

Contrary to common sense, a stronger-than-expected CPI for the month of January didn't lead to an immediate selloff in EURUSD. Can the bears still...

USDJPY keeps rising and yesterday's CPI report strengthened the dollar's case even further. How high can the bulls lift the pair before bumping into...

Yesterday's CPI for the month of January came in hotter than expected, paving the way for more rate hikes by the Fed. How is...

EURUSD lost another 120 pips last week as forex traders brace for Tuesday's US inflation report. In today's Elliott Wave analysis we identify a...

Russia said it would cut oil production by 500k barrels a day, sending WTI surging, which in turn, dragged USDCAD down. In today's Elliott...

Albeit timidly, USDJPY managed to gain ground for a fourth consecutive weekly session ahead of next week's inflation report. Can the rally continue and...

After the bulls' failure to breach 133.00, in today's USDJPY Elliott Wave update we identify the two key levels traders must keep an eye...

USDCAD is down so far this week as higher crude oil prices and a less hawkish Jerome Powell put pressure on the US dollar....

EURUSD is down so far this week and our invalidation level remains intact. This means pair keeps going according to the Elliott Wave plan....

USDCAD found support and bounced up last week following stronger-than-expected jobs and wage growth data from the US. Can the recovery continue and how...

USDJPY bulls found their mojo again last week after stronger-than-expected jobs market data made the case for additional Fed rate hikes. Is this just...

EURUSD exceeded the psychological mark of 1.1000 last week, but the strong US jobs data quickly cooled the bulls' enthusiasm. How far can the...

EURUSD is practically unchanged since the start of the week as forex traders await today's key Fed interest rate decision. In today's Elliott Wave...

USDCAD spiked sharply yesterday, but the bulls couldn't kickstart a meaningful uptrend and eventually gave all their gains away in short order. Can the...

USDJPY remains range-bound ahead of today's key interest rate decision by the Federal Reserve. Where is the pair headed to afterwards? In today's Elliott...

The Bank of Japan's indecisiveness helped USDJPY notch up a second straight weekly gain, despite expectations for a less aggressive Fed going forward. In...

USDCAD fell again to touch the 1.3300 mark last week, before closing a little higher on Friday. How much lower are the bears willing...

Last week, EURUSD touched the 1.0900 mark for the first time in nine months as it seems even Europe might just avoid a recession...

Eurozone inflation finally dipped back to single digits in December 2022 and it looks like the economy might avoid a recession after all. Meanwhile,...

USDJPY is up for the second straight week as the market is trying to decipher mixed messages from both the Fed and the Bank...

USDCAD is down slightly so far this week, apparently ignoring its well-known inverse correlation with crude oil prices, which also fell. In today's Elliott...

Despite the initial recovery to 1.3521, USDCAD failed to maintain the positive momentum and closed in negative territory last week. In today's Elliott Wave...

EURUSD kept rising last week and reached the vicinity of the 1.0900 mark. There is a very strong resistance in that area, though. Can...

The Bank of Japan stubbornly left its ultra-loose monetary policy in place last week, surprising USDJPY traders to the upside. Would that be enough...

EURUSD is little changed since the start of the week, hovering around multi-month highs near 1.0850. In what direction is it likely to move...

USDCAD is taking its inverse correlation with the price of oil into account so far this week, dropping while the commodity rises. Can the...

USDJPY jumped today after the Bank of Japan decided to stick to its controversial yield control policy, defying market expectations. How does this rally...

USDCAD barely held above 1.3320 after last week's US inflation report, but then recouped some of its losses to close in the vicinity of...

EURUSD surged sharply last week after the latest US CPI report showed inflation eased again in the final month of 2022. Is this the...