USD/CAD falls ahead of speeches from Fed Chair Powell & BoC’s Macklem USD/CAD is falling after four consecutive days of gains as investors look ahead anxiously to speeches by Federal Reserve chair Jerome Powell and Read more…
The current DXY structure suggests that we are at the end of a global corrective trend. It is assumed that the bears form a triple zigzag pattern Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It seems that the sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ have Read more…
The Dow Jones 30 struggles as strong US job growth cast doubt on a rate cut later this year. The laborious grind around 34000 has met stiff selling pressure under the daily resistance of 34360. Read more…
The euro stalled after the bloc’s retail sales fell short of expectations in January. On the daily chart, the pair is making another attempt above the psychological level of 0.9000 where a near 300-pip upper Read more…
The US dollar extended gains on the NFP momentum. On the daily chart, the 30-day SMA (131.10) has been acting as a tough resistance and its latest breach suggests that bearish sentiment has waned. A Read more…
Asian markets stabilised somewhat on Tuesday morning following the broadly negative cues from Wall Street overnight as concerns over higher US interest rates left investors on edge. US and European futures seem to be pointing Read more…
Daily Pivots: (S1) 158.65; (P) 159.30; (R1) 160.11; More… Range trading continues in GBP/JPY and intraday bias remains neutral. On the downside, break of 155.33 low will resume the fall form 172.11 to 153.70 fibonacci Read more…
Daily Pivots: (S1) 141.87; (P) 142.37; (R1) 142.75; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the upside, decisive break of 142.84 will argue that the correction from 148.38 has completed at Read more…
Daily Pivots: (S1) 0.8900; (P) 0.8937; (R1) 0.8960; More… Intraday bias in EUR/GBP is turned neutral with current retreat. But outlook stays bullish as long as 0.8270 support holds. On the upside, break of 0.8977 Read more…
Daily Pivots: (S1) 1.5530; (P) 1.5591; (R1) 1.5643; More… EUR/AUD retreated deeply after hitting 1.5650 and intraday bias is turned neutral again. Another rise is mildly in favor. Above 1.5650 will target 1.5749 resistance. Decisive Read more…