It’s a new week but the same old story for financial markets as global growth concerns and inflation fears leave investors on edge. Asian shares advanced on Tuesday morning despite the negative close on Wall Read more…
GBP/USD rises as unemployment drops to 48 year low GBPUSD is extending its rebound for a second day following UK labour market data. Unemployment unexpectedly fell to its lowest level in 48 years, ticking lower Read more…
EUR/USD Since Friday, the euro managed to find a bottom at around 1.0364, and on the first trading day of this week, it managed to continue its rally against the dollar. The marked weakness of Read more…
The Dow Jones 30 struggles as investors still ponder a recession scenario. A break below the daily support at 32600 has put the bulls on the defensive. Bargain hunting may cause limited rebounds, but the Read more…
The New Zealand dollar recovers as weak data from China may trigger more policy support. The RSI’s double dip into the oversold territory shows an overextension. The sell-off has become such a crowded one-way trade Read more…
The euro edged higher after an ECB official supported the idea of a stronger currency to combat inflation. The pair is bouncing off December 2017’s lows at 1.0350. The RSI’s oversold situation on both daily Read more…
GBPUSD is gaining ground after the sell-off towards the two-year low of 1.2120 and is moving towards the inside swing low from April 28 at 1.2410. The technical indicators are mirroring the current bullish bias Read more…
Daily Pivots: (S1) 1.0402; (P) 1.0422 (R1) 1.0455; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0348 is extending. Outlook also stays bearish as long as 1.0641 resistance holds. Decisive break of 1.0339 Read more…
Daily Pivots: (S1) 1.2250; (P) 1.2290; (R1) 1.2362; More.. GBP/USD’s recovery from 1.2154 extends higher today but stays below 1.2637 resistance. Intraday bias remains neutral first and outlook remains bearish. On the downside, break of Read more…
Daily Pivots: (S1) 0.9997; (P) 1.0030; (R1) 1.0053; More…. Intraday bias in USD/CHF is turned neutral first with current retreat. But further rally is expected with 0.9871 support intact. Above 1.0063 will start next medium Read more…