EURGBP is trading between the supporting mid-Bollinger band and its capping upper Bollinger band, struggling to sustain its upside vibe north of its rising 50-period simple moving average (SMA). The 200-period SMA, which has stabilized Read more…
The dollar is near the extremes of the world’s most popular currencies. The dollar index is near the peaks of March 2020 and January 2017. Investors and traders have pushed the dollar to a vital Read more…
Eurozone retail sales dropped -0.4% mom in March, worse than expectation of -0.2% mom. Volume of retail trade decreased by -2.9% for automotive fuels, and by -1.2% for non-food products, while it increased by 0.8% Read more…
Bitcoin fell 1.8% on Tuesday, ending the day around $37,700 and temporarily below a meaningful support line. Notably, it was a cryptocurrency selloff as stock indices developed gains. The demand for risk recovery has likely Read more…
US stocks made some gains on Tuesday as investors continued focusing on the upcoming Fed decision. The Dow Jones rose by over 300 points while the Nasdaq 100 and S&P 500 indices added over 0.50%. Read more…
Money markets have fully priced in a 50 basis-point hike by the FOMC at its meeting today. Anything else could send shockwaves across asset classes. The announcement of a start date to the Fed’s quantitative Read more…
Eurozone PMI Services was finalized at 57.7 in April, up from March’s 55.6, an 8-month high. PMI Composite was finalized at 55.8, up from March’s 54.9, a 7-month high. Looking at some member states, France Read more…
Daily Pivots: (S1) 162.17; (P) 162.80; (R1) 163.23; More… Intraday bias in GBP/JPY remains neutral for the moment. Corrective pattern from 168.40 could extend further. In case of another fall, downside should be contained by Read more…
Daily Pivots: (S1) 136.55; (P) 136.96; (R1) 137.37; More…. Intraday bias in EUR/JPY remains neutral as consolidation from 139.99 is still extending. Downside of retreat should be contained by 38.2% retracement of 124.37 to 139.99 Read more…
Daily Pivots: (S1) 0.8385; (P) 0.8408; (R1) 0.8444; More… Range trading continues in EUR/GBP and intraday bias remains neutral at this point. On the upside, above 0.8465 will turn focus back to 0.8511 resistance intact. Read more…