Daily Pivots: (S1) 1.2052; (P) 1.2123; (R1) 1.2189; More… Intraday bias in GBP/USD stays neutral at this point. On the upside, break of 1.2192 will affirm the case that corrective pattern from 1.2445 has completed Read more…
Tesla’s CEO has just taken an opportunity to mock the founder of Amazon, who is his rival in the race to conquer space. Jeff Bezos, the founder and executive chairman of e-commerce giant Amazon, has Read more…
Daily Pivots: (S1) 0.9179; (P) 0.9204; (R1) 0.9247; More… Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.92879 resistance will confirm short term bottoming at 0.9058, and bring Read more…
Daily Pivots: (S1) 130.63; (P) 131.23; (R1) 132.12; More… USD/JPY spiked through 130.33 minor support but quickly recovered. For now, deeper fall is in favor as long as 131.88 minor resistance holds. Corrective rebound from Read more…
Canadian Dollar steals the show in early US session after astonishingly strong employment data. It’s followed by Yen, which had some jitters regarding new rumors about BoJ Governor nomination. European majors, on the other hand, Read more…
Canada employment grew strongly by 150k, or 0.8% mom, in January, well above expectation of 15k. Full-time work increased 121k. Unemployment rate was unchanged at 5.0%, matched expectations, just shy of the record-low 4.9% in Read more…
Wall Street is set to extend its weekly decline Friday as investors closely track moves in the bond market amid renewed inflation concerns and a mixed set of bluechip earnings. U.S. equity futures slipped lower Read more…
Welcome to another edition of Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. Read more…
ETHUSD is moving sideways today following yesterday’s sizeable loss. It broke the January 4 upward sloping trendline, prompting the first decent correction since the start of the year. It is currently settling nicely inside the Read more…
The Euro returned to weakness on Friday, signaling that brief consolidation might be over and extension of pullback from 1.1032 (Feb 2 peak) would be likely near-term scenario. Repeated upside rejections of the action in Read more…