NZDJPY drifted higher and is approaching our take profit level at 78.815. This also finds confluence with -27.2% Fibonacci retracement and also the high of 15 June 2021. With price holding above moving average, it is possible for an intraday bounce above our entry and 23.6% Fibonacci retracement level at...

Prices are approaching horizontal pullback resistance in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards horizontal overlap support in line with 78.6& Fibonacci retracement and 127.2% Fibonacci extension. If prices continue to push upwards, prices might face resistance from 161.8% Fibonacci extension and 78.6%...

Prices are facing bearish pressure from descending trendline resistance in line with horizontal overlap resistance, in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices might push down towards horizontal swing low support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. If prices continue to push up,...

EURGBP is facing bullish pressure as it is now holding above the moving average support, and Stochastics is also approaching the support level where the price has bounced from in the past as well. We could see a bounce at Buy Entry, in line with 61.8% Fibonacci retracement and 61.8%...

CADCHF is holding above the ascending trendline support, and RSI has bounced from the support level where we have seen price bounce from in the past. We could see a further rise above Buy Entry level, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support, towards...

US and Chinese equities notched a solid session yesterday and overnight, taking US equities to new all time highs and Chinese equities further above key support. Having spent all week unwinding last week's reaction to the FOMC meeting, USD traders will need to decide as soon as today whether the...

The major US equity indices closed at new all-time highs yesterday, while the Asian session was buoyed by a strong session in China, as the CSI-300 Index has now pulled more sharply away from an important support level that was recently tested. Today, the market awaits the latest US May...

In this latest edition of Macro Reflections, KVP revisits his long contrarian bullish play on Brazil from late 2020, early 2021. This was a miss on the currency, yet a hit on the equities. We tune back in to an accelerating Hawkish Brazilian central bank in the BCB, that just...

Today we are launching our 16th equity theme basket focusing on the cyber security industry which has the key feature of both being a growth and a defensive equity theme.This year we have been rolling out 15 new equity theme baskets and today we are launching our 16th equity basket...

The Bank of England meeting unfolded largely as expected, with no commitment to the change in the asset purchase target save for a dissenting voice from the outgoing Chief Economist Haldane. Elsewhere, we look at whether JPY crosses have peaked and are rolling over again and continue to observe the...