Month: April 2022

The US Dollar Index has broken above the top trendline of the upward sloping channel and is gunning for the March 2020 highs DXY began moving higher in May 2021 as the Fed hinted that Read more…

Aussie steady after nasty slide The Australian dollar has stabilized after a sharp downturn, losing over 300 points since Thursday. AUD/USD is trading below the 72 line and is close to a 2-month low. All Read more…

The dollar continues to trend higher and hit new two-year high on Monday, with recent rapid rise being underpinned by safe-haven buying and expectations of more aggressive Fed. Growing uncertainty over the consequences of the Read more…

US stocks are set for a softer start. Tech stocks are in focus the day after Twitter agreed to Elon Musk’s takeover and as big tech earnings ramp up after the close. US futures Dow Read more…

EURJPY reversed from resistance zone Likely to fall to support level 134.00 EURJPY currency pair recently reversed down from the resistance zone located between the 2 long-term resistance levels: 137.20 (yearly high from 2018) and Read more…

Natural gas reversed from support zone Likely to rise to resistance level 7.50 Natural gas recently reversed up from the powerful support zone located between the pivotal support 6.50 (former multi-month high from October of Read more…

Markets This morning Chinese authorities/the PBOC indicated they will continue to support the economy and promote healthy and stable financial markets. This gave some conform after investor worries about a sharp cooling of Chinese growth Read more…

US Conference Board Consumer Confidence Index dropped slightly from 107.6 to 107.3 in April, below expectation of 108.5. Present Situation Index dropped from 153.8 to 152.6. Expectations Index rose from 76.7 to 77.2. “Consumer confidence Read more…