snapshots

New Covid Variant: How Worried Should Traders Be?

As expected, trading on Friday was quite unusual. Of course, the big move was due to the sudden announcement of a new covid variant, that the WHO has designated as “omicron”. And now we all want to know what that means for the markets going […]

GBPJPY End of Correction Hints At Fresh Highs!

In the long run, GBPJPY seems to be forming a cycle impulse. Now the third part of this impulse, wave III, is under development. Only the second half of the bullish impulse wave III is visible on the current chart. It seems that the price […]

Intraday Market Analysis – Yen’s Rally Gains Traction

EURJPY breaks double bottom The safe-haven Japanese yen soars on news of a vaccine-resistant covid variant. A bearish MA cross on the daily chart indicates weakness in the euro’s previous rebound. The pair has closed below last September’s low at 127.90, a major floor to […]

The Week Ahead – Markets Fly to Safety as New Variant Looms

EURUSD slides as Europe battles fifth wave The euro plunges as the pandemic situation worsens across the continent. A record rise in covid cases has prompted Austria and Germany to consider imposing another round of lockdowns, with others to follow suit. Now that Europe accounts […]

How Does Black Friday Affect the Markets?

After being closed yesterday, US markets will have a shortened trading session today. But a further distortion could come from many of the big traders deciding that coming into the office for half a day isn’t worth it, and taking the long weekend. Usually, this […]

Intraday Market Analysis: USD Pulls Back

USDJPY breaks support The Japanese yen recouped some losses after November’s Tokyo CPI rose to 0.5%. A bearish RSI divergence signaled a slowdown in the upward momentum. A break below 114.90 confirmed weakness in the rally and prompted buyers to close their bets. As the […]

XAGUSD Will the Price of XAGUSD Rise to 26.81?

The formation of silver involves the development of a cycle triple zigzag w-x-y-x-z. In the current chart, we see the final part of the bearish wave y, followed by a price increase in the intervening wave x. The bullish intervening wave x could take the […]

StockWatch: Nordstrom Falls 27% With Mixed Q3 Results!

Nordstrom shares fell 27% after the American retailer reported mixed Q3 results, significantly missing earnings expectations. Despite more customers returning to the physical stores, supply-chain disruptions continue to negatively impact the company’s profitability. Deere & Co shares jumped by 5% after the company issued stronger-than-expected […]

Australia Retail Sales and the Next RBA Rate Hike

There is a significant discrepancy between three key groups that are important to traders when it comes to the future of the AUDUSD. The market appears to be pricing in a rate hike as early as next year. Analysts are insisting that it will be […]

USDCAD: Impulsive Trend Could Weigh On Prices

The formation of the USDCAD currency pair suggests the development of a large correction trend. This takes the form of a standard Ⓐ-Ⓑ-Ⓒ zigzag. At the end of October, the downward movement of the market ended within the primary correction Ⓑ. This took the form […]