Tag Archives: Share Trading

The combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.

Using Elliott Wave theory, the correction lower in NZD/USD appears incomplete. Learn more on levels we are following.

The Japanese Yen is under obvious fundamental pressure against both the US Dollar and the Euro. The technical picture is a little less clear-cut but still gloomy.

The Euro managed to hold off down trend resumption against the British Pound, carving out the bottom of a consolidation range below the 0.88 figure.

Precious metals continue to act generally weak, but if certain technical developments unfold that may change.

Implied volatility is modestly pumped up ahead of today’s BoC rate decision, range expectations in alignment with technical levels.

Yen weakness showed up with vigor after this weekend’s elections in Japan, and tomorrow brings a pivotal ECB rate decision. EUR/JPY set a fresh one-year high this morning, but has since seen bulls lose motivation as prices have softened.