Daily Pivots: (S1) 1.2843; (P) 1.2880; (R1) 1.2945; More… USD/CAD’s rally resumes by breaking through 1.2913 resistance. Intraday bias is back on the upside for 1.3022 fibonacci level next. Decisive break there will carry larger Read more…
Markets open the week with risk-off sentiment, in particular in Japan. Australian and New Zealand Dollar are trading broadly lower as a result. On the other hand, Dollar is rising broadly. European majors are mixed Read more…
Bitcoin is extending last week’s decline and it’s now close to making a new low for the year. The move is part of the broad based risk-off selling, which sees Nikkei down over -2.2% in Read more…
ECB Governing Council member Olli Rehn said, “We are seeing signs of second-round effects. It’s important that we send a signal that these higher inflation expectations we are currently witnessing will not become entrenched.” It’s Read more…
DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our Read more…
It’s another big week ahead on the markets with central banks tightening, geopolitical moves, and economic slowdowns. Macro trends in focus Central bank (over-tightening) and the prospect of a policy mistake – the Fed sense Read more…
Traders flipped to net-short exposure to euro futures for the first time since early January last week. As of Tuesday the 3rd of May: According to IMM, traders were net-long the US dollar by $18.3 billion, Read more…
EUR/USD: A week of Many Multi-Year Records Although some hotheads, such as James Bullard, the head of the Federal Reserve Bank of St. Louis, believed that the interest rate could be raised by 0.75% straight Read more…
The billionaire and CEO of Tesla supported Ukraine after the Russian invasion and did not hesitate to challenge President Vladimir Putin. Tesla (TSLA) – Get Tesla Inc Report CEO Elon Musk has never been afraid to Read more…