EUR/USD The first trading day of the week passed calmly and the pair entered a corrective phase after reaching the resistance at 1.1480. The onset of the bears around this level seems hesitant and is Read more…
The FTSE 100 rallies supported by solid performance in the commodity sector. The recent rebound hit resistance near the January peak at 7640. Narrowing consolidation and higher highs suggest increased buying pressure. A bullish breakout Read more…
The New Zealand dollar edges lower amid cautious market sentiment at the start of the week. The pair previously bounced off September 2020’s low around 0.6530. However, 0.6700 on the 20-day moving average so far Read more…
Gold continues to recover as the US dollar treads water. The previous fall below the daily support at 1785 had put the bulls on the defensive. The RSI’s oversold signal attracted some buying interest and Read more…
Markets In a session with few important data, the bond market sell-off slowed yesterday. However, the yield upleg triggered last week as ECB’s Chair Lagarde opened the door for a policy reassessment in March and Read more…
Daily Pivots: (S1) 155.19; (P) 155.75; (R1) 156.34; More… GBP/JPY is staying inc consolidation from 156.48 temporary top. Intraday bias remains neutral for the moment. The consolidation pattern from 158.19 could still extend further. On Read more…
Daily Pivots: (S1) 131.22; (P) 131.71; (R1) 132.16; More…. Intraday bias in EUR/JPY is turned neutral with a temporary top formed at 132.11. Some consolidations could be seen first. But downside should be contained well Read more…
Daily Pivots: (S1) 0.435; (P) 0.8456; (R1) 0.8474; More… Intraday bias in EUR/GBP is turned neutral with current retreat. Some consolidations should be seen before another rally. On the upside, break of 0.8476 will resume Read more…
The price of crude oil is hovering near its highest level in more than 7 years as investors focus on top geographical issues. The biggest issue in the market is Russia and the West. On Read more…
Market movers today Very quiet day on data front, only Swedish industrial production data from December due. Two ECB speakers on the wires, Villeroy (neutral) and de Cos (dove). After last week’s ECB meeting, the Read more…