EURJPY: BOJ Intervention Remains the Key Risk EURJPY broke out of an “Ascending Channel”. This usually indicates an increase in downward momentum. Given that EURJPY is very overvalued, the chances of a decline are also higher. The only problem that makes this setup very dangerous is that it is related to the BOJ Forex Intervention….
Copper arrives in July at an inflection point that has been building in the market over the past eighteen months. The US Commerce Department delivered its Section 232 recommendation on a tariff on refined copper to the White House on June 30, and the result is critical. If approved, a tariff of 15% in 2027…
In our April update, we found, using the Elliott Wave Principle (EWP), that Bitcoin () would ideally rally to $82,612- $84,339 before another decline. BTC topped at $82,813 on May 6 and hit a new low at $57,739 today. So far, so good; see Figure 1 below. The recent decline is best counted as a…
Most people who got rich in the Gold Rush never mined a day in their lives. The prospectors chased the shiny stuff, and most of them went broke. The ones who built real fortunes sold the picks, the shovels, the pans, and the blue jeans. They didn’t bet on which prospector got lucky. They sold…
The AI-led rally on Wall Street extended into Asia, with semiconductor stocks driving another leg higher in global equities. Risk-on sentiment remains intact, which could keep stocks in recovery mode and provide a supportive backdrop for digital assets. With the beginning of July, we could see increased volatility as investors await speeches from several major…
Jensen Huang stood on a stage and pointed at Marvell. The most important man in artificial intelligence, the CEO of Nvidia, called it the next trillion-dollar company in front of a live crowd. The stock ripped 32% that day, its biggest single-day move ever. When the person building the engine of the AI economy tells…
Market Overview The crypto market is trading at $2.06T, unchanged from the previous day. Still, the current levels represent a recovery from a low of $2.02T, where the cap had fallen at the start of the active US trading session and again at the opening of the Asian session. Cryptocurrencies remain under pressure from fears…
In BlackRock crypto news, its iShares Bitcoin Trust (NASDAQ:) product recorded over $231M in client outflows on Monday, according to data from Farside Investors, as cumulative net outflows across US spot ETFs reached approximately $4.3Bn for June. This monthly total marks one of the deepest sustained redemption cycles since the product category launched in January…
After a few weeks of accumulation, price has printed the 3 monthly candle. We’re now aligned with the trend — and with fresh strength shown up into the new month, the draw on liquidity looks very clear from here for this week. Zooming out, the bigger picture still has room for a larger retrace as…
Before anything else, please note that this is a BUY/LONG setup, not a SELL/SHORT setup. A double combination correction appears to be nearing completion. The second corrective structure looks like a contracting triangle, which is expected to complete soon. We are looking for BUY/LONG entries within the highlighted entry zone. Try to build your position…
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