EUR/USD Although no key resistance was overcome during the last trading session, the bulls managed to score some gains. The bulls’ fight to the top will first have to overcome the key resistances at 1.060 Read more…
Market movers today The ECB’s Sintra Forum kicks off today, but key speeches from policymakers will probably not come until tomorrow. We’ll also look out for more headlines from the G7 summit in Germany amid Read more…
Daily Pivots: (S1) 1.2855; (P) 1.2931; (R1) 1.2973; More… Intraday bias in USD/CAD remains neutral at this point, further rally is mildly in favor with 1.2859 support intact. On the upside, break of 1.3077 and Read more…
The forex markets are rather quiet in Asian session today, even though risk sentiment is positive. Most major pairs and crosses are staying inside Friday’s range, even though Yen is slightly stronger with Swiss Franc Read more…
Traders aggressively increased their net-long exposure to the US dollar index (DXY) ahead of last week’s FOMC meeting. Commitment of traders – as of Tuesday 21st June 2022: Traders were net-long the US dollar by Read more…
Markets continue to price that the worst is over for US bond markets and that the end of Fed rate hikes will occur sooner as the economy in the US, and elsewhere, slow sharply in Read more…
Asian markets trade broadly higher today, following the strong rebound in US stocks on Friday. Hong Kong HSI is additionally lifted by news of easing pandemic restrictions in Shanghai. China’s industrial profit dropped -6.5% yoy Read more…
In the Summary of Opinions at the June 16-17 meeting, BoJ noted, “in order to achieve the price stability target, accompanied by wage increases, in a sustainable and stable manner, the Bank needs to conduct Read more…
DXY: On the H4, with prices expected to bounce off ichimoku support and prices moving along the ascending trendline, we have a bullish bias that bullish momentum will carry prices from our 1st support at Read more…
On the week we saw the US500 +6.7%, NAS100 +8.9%, FRA40 +3.2%, HK50 +3.1%, Crude -3.1%, and Copper -6.7%, while the NOK was the best performing G10 currency and the JPY the worst. The USD Read more…