The US dollar held steady in the overnight session after President Putin signed a decree demanding that unfriendly countries pay for its oil in rubles. The decision puts most of its buyers, especially the European Read more…
The Dow Jones 30 retreats on profit-taking as the first quarter draws to an end. A bullish MA cross on the daily chart suggests that the rebound is picking up steam. The index hit resistance Read more…
The New Zealand dollar falls back as risk appetite subdues. The pair hit resistance under the psychological level of 0.7000 after it broke to a new high. The RSI’s overbought condition in this supply zone Read more…
The US dollar went sideways as February’s PCE fell short of expectations. The pair met stiff selling pressure around 1.3300, a supply zone next to the 30-day moving average. A break below 1.3120 may have Read more…
Markets The massive core bond yield surge eased or reversed after having experienced the worst month in many decades. European swap yields registered the biggest monthly jump since the creation of the EMU, even after Read more…
Intense selloff in crude oil pulled the price of a barrel to around the $100pb level, which is the critical 50-DMA support to the latest crude rally. The question is, whether Washington could reverse the Read more…
Daily Pivots: (S1) 1.2470; (P) 1.2501; (R1) 1.2539; More… Intraday bias in USD/CAD remains neutral for consolidation above 1.2428 temporary low. Further decline is expected as long as 1.2591 resistance holds. Corrective pattern from 1.2005 Read more…
Daily Pivots: (S1) 0.7463; (P) 0.7492; (R1) 0.7513; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. Further rally is expected as long as 0.7372 minor support holds. On the upside, decisive break Read more…
Daily Pivots: (S1) 121.03; (P) 122.12; (R1) 122.92; More… Intraday bias in USD/JPY remains neutral at this point. Further rally is still in favor with 121.17 minor support intact. On the upside, above 125.09 will Read more…
Daily Pivots: (S1) 0.9194; (P) 0.9226; (R1) 0.9258; More…. Intraday bias in USD/CHF remains on the downside at this point. Fall from 0.9459 is in progress for 0.9149 support. Firm break there will turn near Read more…