AUDUSD has gained little the last couple of sessions, managing to hold above the 20-day simple moving average (SMA) and re-enter the 0.6700 area, with the technical indicators feeding prospects for a possible positive short-term Read more…
WTI oil price is consolidating above new 2022 low ($71.74) hit on Wednesday, following sharp four-day fall. Growing concerns that economic slowdown would further weaken demand and increased production in the US, continue to pressure Read more…
In the long term, the EURUSD currency is expected to form a bearish cycle impulse, which consists of five main sub-waves I-II-III-IV-V. Most likely, the cycle impulse sub-wave III was fully completed, after which the Read more…
Good morning! We recently got a new wand for our cat, and she really loves it. That’s a relief because she hasn’t really played with a couple of other toys we bought for her in Read more…
WTI crude dips on an unexpected rise of US fuel stocks. A close below the previous low of 73.70 shows that the path of least resistance remains down. More traders may look to sell into Read more…
The Canadian dollar struggles as the lack of forward guidance by the BoC hints at slower tightening. A break above the previous peak at 1.3640 has put the bears on the defensive. The RSI’s multiple Read more…
The Japanese yen rallies over better-than-expected GDP in Q3. The pair has found solid support at 134.20 near August’s lows. The latest rally is likely to be driven by sellers’ profit-taking, which means that it Read more…
Markets A third consecutive session of low trading volumes saw US Treasuries jump significantly higher. After a calm European trading session, the final figure of third quarter unit labor costs (I kid you not) lightened Read more…
Market movers today Apart from the industrial production data from Denmark, data calendar is empty for today. Industrial production in Denmark has impressed throughout 2022, and has so far not shown any persistent signs of Read more…
Stocks fell for a fifth day, but the sovereign bonds gained, a hint that the market catalyzer shifted from the hawkish Federal Reserve (Fed) pricing – where stocks and bonds fall at the same time, Read more…