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The Week Ahead – AI Fever Steals The Show
The Nasdaq 100 hits a 15-month high carried by tech mega caps. In what looks like an odd bull run, extreme enthusiasm in AI has fuelled momentum stocks despite a lingering cautious mood.
The Loonie Could Bring More Surprises
Earlier this week, the Canadian dollar hit a 9-month high, as the USDCAD continued to drift lower.
Intraday Analysis – CHF Gives Up Gains
The Swiss franc softened as the SNB disappointed with a mere 25 basis point rate hike.
Yen's Fluctuation And Inflation Speculation Fuel Debate On BoJ's Future Moves In Japan's Economy
The yen has fluctuated considerably in the wake of the latest release of BoJ minutes, as market participants digested some of the comments.
Intraday Analysis – GBP Consolidates Gains
Cable struggles as a flare-up of inflation last month sows doubt in the UK economy.
USDCNH Double Zigzag Breaks New Lows
In the long term, the USDCNH pair could form a bearish double zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ.
Intraday Analysis – Gold Struggles To Bounce
The Australian dollar fell after dovish RBA meeting minutes showed a pause to rate hikes was considered. Gold tumbled as a hot US housing market could lead to higher interest rates.
BOE Expected To Hike After CPI Figures
The consensus that the BOE will hike at the meeting on Thursday is pretty near unanimous.
USDJPY Bearish Double Zigzag Underway!
The USDJPY currency seems to be forming a bearish trend. Most likely, the trend takes the form of a double zigzag Ⓦ-Ⓧ-Ⓨ, within which the sub-waves Ⓦ-Ⓧ are completed.
The End Of China’s Recovery?
Over the last week, Chinese authorities have taken a series of measures to prop up the economy.
EURUSD: The First Part Of The Double ZigZag Pattern Is Completed
The Eurodollar suggests the construction of a cycle correction IV. Most likely, it takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ.
Intraday Analysis – EUR Gains Momentum
The euro soared after the ECB’s eighth consecutive interest rate hike amid rising inflation forecasts.
USOIL: How Low Can The Market Collapse In The Intermediate Impulse?
The formation of a global bearish trend in the form of a triple zigzag continues for USOIL Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.
Intraday Analysis – Gold Tests Major Support
Bullion tumbled as risk assets took over with the FOMC expected to keep interest rates unchanged.
NZDUSD Intermediate Impulse To Complete Correction Ⓑ
The NZDUSD pair is currently building a correction pattern. We can see a zigzag consisting of primary waves Ⓐ-Ⓑ-Ⓒ.
Intraday Analysis – USD Attempts Another Rebound
The Swiss franc weakened across the board as risk appetite picks up.
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