Unemployment claims, Fed’s Meeting Minutes in the spotlight
Thursday's weekly initial jobless claim figures showed U.S. unemployment [...]
Trading news
USD/JPY Bullish Wolfe Wave Confluence with ATR
The USD/JPY is recovering from a recent drop and we can see a bullish structure forming on intraday time frame. The structure is a bullish Wolfe Wave where point 4 is between point 1 and 2 and that accounts for a strict bullish Wolfe Wave. Breakout of 113.45 could be a sign for bullish wave towards 113.70 and 114.00. EPA (Estimated Price at Arrival) or final TP per Wolfe Wave rules is the intersecting 1-4 line which points to 115.30 level. If the breakout is confirmed we might see development to EPA over next few days. 114.00 is ATR projection for intraday targets.
Wednesday, 18 Jan, 2017 / 1:03
Trading news
US equities continue to rampage as Powell reassures
Dollar headed for losing week as Fed rate hike bets cool Stock market party [...]
Fed’s Meeting Minutes impact the U.S. Dollar
The Dollar lost ground following the Fed's Meeting Minutes, which revealed a [...]
