Gold rallies as investors’ flight to safety continue. The bulls have tempered their aggressiveness after the initial surge. The latest pullback has been an opportunity to accumulate against a bullish backdrop. Price action continues to Read more…
The US dollar softens as the Fed may settle for a less aggressive rate hike agenda. The recent sideways action is a sign of the market’s indecision. Sellers’ previous attempts to push below 0.9150 have Read more…
EUR/USD During the early hours of today’s trading session, the sellers prevailed and the support at 1.0900 was successfully breached. At the time of writing this analysis the euro continues to lose ground against the Read more…
Markets US February payrolls on Friday came in better than expected and saw an upward revision for January too. The Fed is set to kick off the hiking cycle next week, even as wage growth Read more…
The week starts with a 10% rally in US crude prices after the US Secretary of state Blinken said that the US and its allies now consider an embargo on the Russian oil. The market Read more…
Daily Pivots: (S1) 150.91; (P) 152.57; (R1) 153.67; More… Intraday bias in GBP/JPY remains on the downside at this point. Current fall from 158.04 should target 148.94 support next. On the upside, break of 155.20 Read more…
Daily Pivots: (S1) 124.48; (P) 126.15; (R1) 127.22; More…. EUR/JPY’s drops to as low as 124.38 so far today. Intraday bias stays on the downside for 121.94 medium term fibonacci level. On the upside, above Read more…
Daily Pivots: (S1) 1.4715; (P) 1.4911; (R1) 1.5019; More… EUR/AUD drops to as low as 1.4561 so far today and intraday bias stays on the downside. Next target is 161.8% projection of 1.6343 to 1.5354 Read more…
Daily Pivots: (S1) 0.8229; (P) 0.8262; (R1) 0.8294; More… Intraday bias in EUR/GBP remains on the downside at this point. Next near term target is 161.8% projection of 0.8476 to 0.8304 from 0.8405 at 0.8127. Read more…
Daily Pivots: (S1) 0.9975; (P) 1.0067; (R1) 1.0114; More…. EUR/CHF drops to as low as 0.9970 so far, and met 100% projection of 1.0936 to 1.0298 from 1.0610 at 0.9972 already. There is no clear Read more…