Nydia

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Gold miners ETF ticker symbol: GDX. In which, the decline from the 24 October 2024 high is unfolding in a corrective sequence. Also showed a lower low sequence with a bearish sequence stamp. Therefo

The single European currency is trying to move further away from yesterday's lows of 1.0175 in an environment of mild correction which, however, is likely to soon come under challenge. Correction behaviors are something common on the part of the European currency, they are kept on the table with som

The Australian Dollar has rebounded from 0.6131, its lowest level since April 2020. The AUD receives support from strong commodity prices. The US Dollar receives support from rising odds of the Fed maintaining rates in January. The Australian Dollar (AUD) extends its gains against the US Dollar (USD

Asia market update: US Fri hot jobs flows through to Asia; Currency volatility amid equity losses in Asia. General trend - Late Friday night Asia time the hot US jobs numbers (post-Trump election win in November) saw UST yields again rocket higher 8bps to 4.77%, only 15bps short of their Oct 2023 hi

GBP/USD continues losing ground for the fifth straight day and drops to over a one-year low. Stagflation fears and UK fiscal concerns continue to weigh on the GBP amid a bullish US Dollar. A slightly oversold RSI on the daily chart warrants some caution for aggressive bearish traders. The GBP/USD pa

The December 2024 US employment situation report crowned last week’s busy economic data slate. Non-farm payrolls surprised to the upside, with the economy adding 256,000 new jobs from November’s downwardly revised reading of 212,000. December’s print comfortably surpassed the market’s median expecta

Japan economy minister Ryosei Akazawa said on Friday that Japan’s economy is at a 'critical stage' in eradicating the public's deflationary mindset. Key quotes No change to the government's stance to work closely with the BOJ on policy with an eye on the economy and prices. In deciding whether to de

USD/CAD weakens to around 1.4310 in Tuesday’s early European session. Justin Trudeau announced his resignation as Canada’s Prime Minister, supporting the Loonie. Hawkish Fed expectations might help limit the pair’s losses. The USD/CAD pair edges lower to near 1.4310 during the early European session

The major currencies witnessed sharp movements yesterday due to a significant rise in the Euro post stronger PMI release. The Dollar Index slipped to the low of 107.75 but has risen past 108 again. While above 108, targets of 110-111 remains intact in the near term. Euro has an upside capped at 1.04