USDJPY has lost its positive momentum after the impressive bullish rally towards the 20-year high of 129.40 on April 20, but today it is appearing positive again. In the short-term, the market could retain the negative momentum as the RSI Read more…
EUR/USD The single European currency continues to lose ground against the U.S. dollar as the breach of the 1.0704 support zone from the previous session gave additional impetus to the bears. They, in turn, without Read more…
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Markets A high level of uncertainty continued to dominate trading yesterday. US data (durable orders, house prices, consumer confidence or the Richmond Fed man. index) were OK or even better than expected, but unable to Read more…
The FTSE 100 tumbles as China’s lockdowns hit sentiment. A plunge below the demand zone at 7500 further weighs on the market mood after buyers failed to lift offers around this year’s peak at 7670. Read more…
The Australian dollar recovers over a better-than-expected Q1 CPI reading. A break below March’s low at 0.7170 may have invalidated the recent rebound and put the Aussie on a reversal course in the weeks to Read more…
The euro struggles as the eurozone’s growth prospect dampens. The pair remains under pressure after it broke below a short-lived congestion area around 1.0770. A bearish breakout below March 2020’s lows near 1.0650 (a major Read more…
Market movers today The data calendar is dominated by tier-2 releases today. In the US we get data on the trade balance and pending home sales. France and Germany release consumer confidence this morning. Both Read more…
Daily Pivots: (S1) 158.77; (P) 161.19; (R1) 162.41; More… GBP/JPY’s fall from 168.40 is still in progress and could extend to 61.8% retracement of 150.95 to 168.40 at 157.61. Strong support is expected there to Read more…