Cable is standing at the back foot in early Thursday, signaling that two-day recovery on oversold conditions, which was sparked by strong downside rejection on Monday, might be running out of steam. Price adjustment on Read more…
EUR/USD The single European currency is trying to stop its depreciation against the U.S. dollar, and after hitting another rock bottom at 0.9535, the pair’s rate managed to settle above the two supports at 0.9570 Read more…
WTI rallies back as US crude stocks fell more than expected. A fall below 82.00 has renewed the pressure on the buy side by invalidating the recent rebound. Trend followers may take this as a Read more…
Bullion recoups losses as the greenback softens across the board. Still, the precious metal remains under pressure after the bulls gave up the critical floor around 1680. A brief consolidation was a signal that the Read more…
The US dollar retreats as traders take profits over a crowded trade. The RSI’s oversold situation on the daily chart shows exhaustion past parity and the dollar could use some breathing room. As the bias Read more…
Hallelujah! The Bank of England (BoE) jumped in the UK’s shattered sovereign market to buy long-term UK bonds yesterday, because apparently, they have been warned that collateral calls on Wednesday afternoon could force investors to Read more…
Market movers today Aside from the ongoing focus on the developments in the UK and the tensions against Russia, markets will look out for the German flash inflation figures for September ahead of the Euro Read more…
USD/JPY: On the H4 chart, price has pushed through very strongly through the 1st support at 142.574 where the 78.6% Fibonacci line lies. Price has tapped and tried to break through the 1st resistance multiple Read more…
Daily Pivots: (S1) 153.98; (P) 155.53; (R1) 158.50; More… GBP/JPY is staying in consolidation from 148.93 and intraday bias remains neutral. For now, risk will stay on the downside as long as 160.64 support turned Read more…
Daily Pivots: (S1) 138.78; (P) 139.59; (R1) 141.12; More…. EUR/JPY’s consolidation from 1 37.32 is still in progress and intraday bias stays neutral. On the downside, break of 137.32 will resume the decline from 145.62 Read more…