The GBPJPY cross is holding firm bullish tone after Wednesday’s 1.3% rally (the biggest daily gain since Feb 13) as renewed risk appetite on easing bank concerns deflated yen. Wednesday’s strong bullish acceleration broke through Read more…
Market picture The stock market’s upbeat mood brought the price of bitcoin back to the upper limit of the March trading range. In the low-liquid market early in the morning, Bitcoin picked up a wave Read more…
The Euro slows speed of recovery ahead of today’s release of German inflation report for March, which is expected to generate fresh signals. Wednesday’s Doji candle signaled indecision after recovery in past two days retraced Read more…
EUR/USD looks to German and Spanish inflation data ECB-Fed divergence supports EUR/USD German inflation expected to ease to 7.3% EUR/USD bias to the upside EUR/USD is holding steady after side gains across the week. The Read more…
Daily Pivots: (S1) 0.9159; (P) 0.9191; (R1) 0.9216; More… No change in USD/CHF’s outlook as range trading continues. Intraday bias remains neutral. Corrective pattern from 0.9058 low is extending. Another rise cannot be ruled out, Read more…
DXY: The DXY index is currently experiencing a strong bearish momentum, as it is trading below a major descending trend line. This suggests that there is further room for the price to drop. In terms Read more…
ECB Executive Board member Isabel Schnabel commented yesterday on the challenges of underlying inflation in the Eurozone, noting that it has proven “sticky” and may not be significantly impacted by the recent fall in energy Read more…
EUR/USD in consolidation after recent gains Traders eye German CPI and US Core PCE Price Index Diverging policy between ECB and Fed points to appreciation in exchange rate The EUR/USD has not moved much during Read more…