Natural gas futures (June delivery) have been range bound over the past two months, consolidating the downtrend from August’s highs near the 2.00 round level. The sideways move is developing within a descending triangle and at the Read more…
Eurozone CPI accelerated from 6.9% yoy to 7.0% yoy in April, above expectation of 6.9% yoy. CPI core (all item excluding energy, food, alcohol & tobacco) slowed from 5.7% yoy to 5.6% yoy, below expectation Read more…
EURCHF is edging higher today, bouncing off a support area defined by the 200-day simple moving average (SMA) and the 38.2% Fibonacci retracement of the June 9, 2022 – September 26, 2022 downtrend respectively. The recent Read more…
Asian equities were mixed on Tuesday with some markets closed as investors braced for a heavy event week packed with top-tier data releases and key central bank meetings. European futures are signalling a mixed open Read more…
DXY: The DXY chart is currently showing strong bullish momentum overall, with the potential for a bullish breakthrough of the 1st resistance level and a rise towards the 2nd resistance level. The 1st support level Read more…
Daily Pivots: (S1) 1.6482; (P) 1.6578; (R1) 1.6652; More… EUR/USD’s break of 1.6444 resistance turned support indicates short term topping at 1.6785. Intraday bias is back on the downside for pull back to 1.6219 support. Read more…
In a surprising move, RBA raises cash rate target by 25bps to 3.85%, contrary to market expectations of a hold. Nevertheless, RBA softened its tightening bias, stating, “some further tightening of monetary policy may be Read more…
Silver (XAGUSD) ended cycle from 3.10.2023 with wave 1 at 26.08 as the 45 minutes chart below shows. The metal is now correcting cycle from 3.10.2023 low in wave 2. Internal subdivision of wave 2 Read more…