The US dollar continues upward over the interest rate differential. The pair’s steep climb over the past month pushed the RSI into an extremely overbought condition on the daily chart. A pullback may be due Read more…
Whilst EUR/USD remains within a 150-pip range, momentum has turned higher form the midway point and hints at a run for 1.0600. Asian Indices: Australia’s ASX 200 index fell by -81.3 points (-1.14%) and currently Read more…
EUR/USD Neither the bears, nor the bulls managed to gain enough momentum and the EUR/USD remained locked in the zone between 1.0480 – 1.0570. The market sentiment remains negative – for a depreciation of the Read more…
EURJPY gained little this week and remained above the 20-day simple moving average (SMA). The price is finding strong resistance obstacle near the 138.00 psychological mark and any advances above this critical level would endorse Read more…
Markets Bond markets are in a schizophrenic state of mind these days. Core bond yields surge at one occasion, bracing for super aggressive tightening cycles by the likes of the Fed but tumble at another Read more…
The selloff in stocks, bonds, and Bitcoin deepened on Monday. Even commodities sank and crude oil tumbled more than 8% on the back of mounting worries of a seriously tighter, and potentially ineffective Federal Reserve Read more…
Market movers today We expect another leap higher in inflation in both Denmark and Norway, see more below. In Germany, we will keep a close eye on ZEW expectations for May. A rebound from the Read more…
Daily Pivots: (S1) 1.0506; (P) 1.0549 (R1) 1.0604; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. In case of another recovery, upside should be limited by 1.0756 support turned resistance to bring Read more…
Daily Pivots: (S1) 1.2259; (P) 1.2333; (R1) 1.2403; More… Intraday bias in GBP/USD remains neutral for the moment. Some consolidations could be seen but upside of recovery should be limited by 1.2637 resistance to bring Read more…
Daily Pivots: (S1) 0.9879; (P) 0.9922; (R1) 0.9983; More…. Intraday bias in USD/CHF remains on the upside despite some loss of momentum. Further rally should be seen to 261.8% projection of 0.9149 to 0.9459 from Read more…