USDCAD had a bearish start to Friday after yesterday’s spike to a new two-month high of 1.2876. The pair has also increased its distance above its positively-sloped moving average lines and the Ichimoku cloud, indicating that the recent down move might not hold for long. Momentum Read more…
Markets European stocks suffered losses of almost 4% after Putin shocked by attacking Ukraine in places beyond the Luhansk and Donetsk regions. The EuroStoxx50 closed below the pre-pandemic high of 3867. The US opened with Read more…
The S&P 500 weakens as investors fear spillover from the conflict in Ukraine. A break below the daily support at 4280 further put the bulls on the defensive. Last May’s lows, near 4040, are the Read more…
Gold whipsawed as markets await the Western response to the invasion of Ukraine. The rally accelerated after it broke above last June’s high at 1912. Momentum trading pushed the price to September 2020’s highs (1975) Read more…
The US dollar jumps as traders seek safe-haven assets over the Russia-Ukraine conflict. The pair struggled for bids after it turned away from the double top (116.20) and has been grinding down a falling trend Read more…
What’s happening in Ukraine is a Black Swan event; it’s worse than the worst-case scenario that has been put on paper over the past couple of months, and it’s clearly not a limited military operation, Read more…
EUR/USD The market corrected yesterday’s panic sell-offs as the pair managed to bottom out at 1.1107. This area can be defined as a weekly support. The previous support at 1.1170 was breached, but the session Read more…
American equities declined sharply in the overnight session as investors continued to focus on the ongoing crisis in Ukraine. On Thursday morning, Russia’s president announced that he was launching an attack on Ukraine. By the Read more…
Daily Pivots: (S1) 1.1096; (P) 1.1204; (R1) 1.1301; More… EUR/USD recovered after hitting 1.1105 but further fall is still expected with 1.1287 support turned resistance intact. Sustained break of 1.1120 will confirm resumption of larger Read more…
Daily Pivots: (S1) 1.3247; (P) 1.3399; (R1) 1.3524; More… GBP/USD recovered after hitting 1.3272, but further fall is still expected with 1.3485 support turned resistance intact. Current development suggest larger decline from 1.4240 is still Read more…