WTI oil rises on Tuesday, signaling that pullback after repeated failure at psychological $80 barrier was shallow and short-lived (contained by rising 5DMA). The overall sentiment remains positive on tight global supply and expectations that Read more…
Stocks futures move higher following Monday’s storming tech rally; Powell faces re-nomination hearing in Washington; Fed’s Clarida steps down amid trading controversy; Tesla sees record December sales and Pfizer says it can have an Omicron-focused Read more…
Spot gold rises for the third straight day, driven by overall weaker dollar. Recovery from $1782 (2022 low posted on Jan 7) rose above pivotal $1800 barrier (psychological/200DMA), retracing over 50% of $1831/$1782 bear-leg, with Read more…
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The dollar regained traction in early Tuesday after being in red four days, as pullback from 2022 high (116.35) faces strong headwinds at 115.00 support zone (psychological/Fibo 38.2% of 112.53/116.35/rising 20DMA). The corrective dip should Read more…
GBP/CHF rises strongly to as high as 1.2605 so far today week. Current development argues that correction from 1.3070 has completed with three waves down to 1.2134. That came just ahead of 50% retracement of Read more…
Silver has been plunging since early May, generating a clear structure of lower highs and lower lows. Nevertheless, in the last couple of sessions the metal has gained some traction as negative momentum seems to be fading. Read more…
EURJPY has managed to find footing just beneath the 200-day simple moving average (SMA) off the Ichimoku cloud’s upper band at 130.43, preserving the recent bullish tone. The SMAs are currently not endorsing a definitive Read more…
USDJPY has retreated from its January high, crossing below its 50-period simple moving average (SMA) amid strengthening negative forces. However, despite the short-term negativity, the pair’s overall outlook is still positive amid successive higher highs Read more…
GBPUSD is currently positioned at a crucial make-or-break point, testing the top line of the seven-month-old bearish channel slightly below the 1.3600 psychological level. A decisive close above that threshold could bring new buyers into the market, with the Read more…