NZDUSD has been quite unstable, oscillating between gains and losses within the 0.6700 – 0.6900 territory since the drop to a one-year low of 0.6699 in December. Yet, despite the fluctuations, the pair managed to build a Read more…
The British Pound started a downside correction from the 1.3740 zone against the US Dollar. The GBP/USD pair traded below the 1.3680 level to move into a short-term bearish zone. There was a close below Read more…
USDJPY is hovering within the 20- and 40-day simple moving averages (SMAs) after the bounce off the 113.45 support level that posted on Friday, creating an impressive spike. If the price jumps above the 20-day Read more…
The S&P 500 extended losses over rising rate worries. The fall below 4640 invalidates the latest rebound and indicates that sentiment is still downbeat. Below the psychological level of 4600, 4540 is key support near Read more…
The yen softened after the Bank of Japan signaled no shift in its ultra-loose monetary policy. The US dollar bounced off the critical floor at 113.50 from the daily chart. A bullish RSI divergence revealed Read more…
The sterling fell back after a slowdown in Britain’s wage growth in November. Sentiment favors the pound after it rallied above the daily resistance at 1.3700. However, an overbought RSI has cut back buyers’ appetite. Read more…
Silver’s rebound from 21.39 resumed by breaking through 23.42 and hitting as high as 23.63 so far. Further rise is now in favor as long as 22.79 support holds. Next target is 100% projection of Read more…
EUR/USD Yesterday, the pair continued to lose ground against the U.S. dollar, reaching the support at 1.1320. It seems that the bears have started to lose momentum and, at the time of writing, the price Read more…
Markets The new paradigm that dominates trading since the start of the year simply continued as trading resumed post Martin Luther King Day. Markets ever more see inflation as an obstacle to growth rather than Read more…
Daily Pivots: (S1) 155.23; (P) 156.07; (R1) 156.65; More… Intraday bias in GBP/JPY remains neutral first. Overall, further rise is still expected with 154.86 support intact. On the upside, decisive break of 158.19 high will Read more…