Daily Pivots: (S1) 125.23; (P) 125.78; (R1) 126.20; More… Intraday bias in USD/JPY is turned neutral again as it retreat after failing to sustain above 125.85 long term resistance. Focus stays on 125.85 and sustained Read more…
Daily Pivots: (S1) 0.9322; (P) 0.9340; (R1) 0.9365; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.9380 should confirm that fall from 0.9459 has completed with three Read more…
Daily Pivots: (S1) 1.3021; (P) 1.3069; (R1) 1.3165; More… Intraday bias in GBP/USD is turned neutral first with current rebound. Another fall will remain in favor as long as 1.3165 resistance holds. Break of 1.2971 Read more…
Markets In the run-up to key events, moves on financial markets usually hold little information. It was no different yesterday ahead of today’s ECB policy meeting. German yields eased 1 or 2 bps. US Treasuries Read more…
WTI crude oil futures have successfully climbed beyond the medium-term ascending trend line again and found strong resistance around the 20- and 40-day simple moving averages (SMAs). However, the RSI indicator is mirroring the latest Read more…
EUR/USD The common European currency recovered some of its recent losses against the dollar, and during the early hours of today`s trading, the pair is about to test the resistance zone at 1.0896. A successful Read more…
WTI bounces as major trading houses plan to trim purchases of Russian crude. The price is slowly recovering from the daily demand zone around 94.00. This could be a consolidation phase after the recent wild Read more…
The pound recoups losses as the UK’s March CPI beats market expectations. Overall sentiment ticked down after the pair dropped below the psychological level of 1.3000. However, a swift bounce above 1.3080 is an encouraging Read more…
The Canadian dollar surged after the BOC’s aggressive rate hike of 50bp. The pair’s recovery came under pressure at 1.2670. A bearish RSI divergence shows a loss of momentum in the rally and the ensuing Read more…
ECB is widely expected to keep monetary policy unchanged today. But with inflation at a record high of 7.5%, the central bank is also expected to sing a more hawkish tune. There should be an Read more…