EUR/USD After the European common currency reached parity with the dollar once more, the psychological level withheld the bearish attack and the bulls took control. The pair breached the resistance at 1.0071, and during the Read more…
US stocks rose sharply on Friday and in the futures market as investors focused on the ongoing earnings season. The Dow Jones, S&P 500, and Nasdaq 100 indices rose by more than 1% even as Read more…
The XAUUSD formation hints at a global correction pattern that takes the form of a cycle triple zigzag. The current chart shows the internal structure of the bearish cycle intervening wave x, which looks completed Read more…
The Dax 40 consolidates ahead of the ECB interest rate decision later this week. The price action has been treading water over last March’s low near 12420, which suggests interest in keeping the index from Read more…
Silver recoups losses as risk assets recover at the expense of the US dollar. As the price approaches July 2020’s lows around 17.80, an oversold RSI on the daily chart suggests potential exhaustion in the Read more…
The New Zealand dollar bounces higher after Q2 CPI exceeded expectations. Despite a choppy price action, general sentiment remains downbeat. Trend followers have been eager to sell into strength. The latest rebound lifted offers at Read more…
Markets Markets on Friday closed a volatile week on a positive note. The move was at least partially inspired by investors taking a more guarded approach on next week’s Fed meeting. The FOMC for sure Read more…
The week starts on a positive note, after the major US and European indices ended up last Friday on a good rebound. The S&P500 jumped almost 2%, as Nasdaq gained 1.80% to close a week Read more…
It says something about the level of confusion in the markets right now (American markets anyway), that having wrung their hands all last about inflation, 100 basis point rate hikes by the Fed, and an Read more…
Daily Pivots: (S1) 163.78; (P) 164.25; (R1) 164.84; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, firm break of 165.26 minor resistance will argue that corrective pattern from 168.67 has Read more…