GBPUSD continues to tackle the 1.3000 barrier, which has proven to be more durable, holding strong since mid-March. That said, the falling simple moving averages (SMAs) are endorsing the descent, and appear to be reinforcing Read more…
US stocks rose slightly on Monday as investors reflected on the ongoing earnings season. Results published on Monday were mixed. Bank of America, one of the US megabanks, said that its total revenue increased by Read more…
Stocks in Asia traded cautiously on Tuesday, following a negative close on Wall Street overnight as growth concerns, inflation worries and geopolitical tensions hit risk sentiment. European markets opened lower this morning due to the Read more…
EURJPY violently cracked the 136.50 – 137.00 boundary after more than two weeks of consolidation to advance to a new seven-year high of 138.14 on Tuesday. The door has now opened for the 138.90 resistance Read more…
EUR/USD The euro started the week with a loss at low trading volumes. The breach of the 1.0810 zone is currently limiting the buyers, and it is possible that with the opening of the European Read more…
Markets The ECB on Thursday last week disappointed euro bulls as they went into a four-day weekend. They hoped for something more than an almost unchanged assessment, especially after inflation in March again surprised to Read more…
AUD/JPY’s up trend finally resumes today by breaking 94.29 near term resistance. Immediate focus is now on 61.8% projection of 59.85 (2020 low) to 85.78 from 78.77 at 94.79. Sustained break there could prompt upside Read more…
Bitcoin returned to growth territory with a powerful surge at Monday’s close, above the all-important $40K key level. A desperate attempt to hold on to the uptrend line from January resulted in a temporary success. Read more…
With prices falling whilst futures traders increase their bullish exposure to the Australian dollar, we’re keen to see if it can hold above 0.73 and form a countertrend bounce. Whilst there had been some excitement Read more…
Market movers today Today, the IMF releases its latest take on the global economy also known as the World Economic Outlook. We are looking forward to reading the IMF’s assessment of the impact of the Read more…