WTI crude found support from a lower-than-expected increase in stockpiles. The price has held well around 94.00 at the base of the flag consolidation from the daily chart. The uptrend is still intact and the Read more…
The Canadian dollar struggles as risk appetite remains fragile, in regard to commodity currencies. The bulls did not waste time after they pushed through the supply zone near 1.2650. A combination of short-covering and momentum Read more…
The US dollar continues upwards as traders pour in before the Fed hike next week. A bullish MA cross on the daily chart indicates an acceleration to the upside after a break above April 2021’ Read more…
EUR/USD The EUR/USD’s collapse continues despite the pair being extremely oversold. However, the bulls managed to limit the sell-off to slightly above the critical support at 1.0500, which was last reached in 2017. The most Read more…
AUDUSD plunged to an eleven-week low of 0.7074 earlier today, continuing the strong selling interest from the 0.7457 resistance level. The price is also travelling well below the 200-day simple moving average (SMA) with the Read more…
In a preview earlier this week, we noted that a firm Q1 Australian inflation print would likely confirm the end of the era of ultra-low interest rates in Australia and the possibility of an interest Read more…
Markets The dollar takes no prisoners these days. The past 5 trading days ended with impressive gains and this morning’s price action shows no signs of slowing. The trade-weighted greenback since last Thursday rose from Read more…
Market movers today All eyes will be on the Riksbank today and whether they deliver their first rate hike (see more below and in Reading the Markets Sweden – Preview Riksbank April meeting, 22 April). Read more…
Daily Pivots: (S1) 160.04; (P) 160.72; (R1) 161.78; More… Intraday bias in GBP/JPY is turned neutral with current recovery. In case of another fall, strong support is expected from 61.8% retracement of 150.95 to 168.40 Read more…
Daily Pivots: (S1) 134.89; (P) 135.53; (R1) 136.26; More…. Intraday bias in EUR/JPY is turned neutral with current recovery. In case of another fall, downside should be contained by 38.2% retracement of 124.37 to 139.99 Read more…