Market Picture Despite the storm in the equity markets, the crypto market remains subdued, losing only 0.3% in 24 hours to $1.045 trillion. The Crypto Market Fear and Greed Index is dipping into “fear” territory. Read more…
EURUSD hit new multi-month low early Wednesday and showing scope for further weakness after break of pivotal Fibo support at 1.0611 (38.2% of 0.9535/1.1275) generated fresh bearish signal. Bears cracked next strong support at 1.0553 Read more…
USDJPY marks new higher highs The current state may be close to overbought territory Bulls need a durable move above 149.00 USDJPY managed to keep a footing within a short-term ascending channel and softly rise to a Read more…
NZDUSD continues to hover around the 0.5920 level Last week’s key events did not result in a new trend in NZDUSD The momentum indicators have taken a back seat at this stage NZDUSD is trading Read more…
Daily Pivots: (S1) 180.90; (P) 181.39; (R1) 181.72; More… Intraday bias in GBP/JPY remains neutral for the moment, as consolidation from 180.78 is extending. With 183.34 resistance intact, further decline is expected. On the downside, Read more…
Daily Pivots: (S1) 157.30; (P) 157.61; (R1) 157.91; More…. Sideway trading continues in EUR/JPY above 156.57 support and intraday bias remains neutral. Risk stays on the downside with 158.64 resistance intact. On the downside, break Read more…
Daily Pivots: (S1) 0.8662; (P) 0.8682; (R1) 0.8695; More…. Focus stays on 0.8700 resistance in EUR/GBP. Decisive break there carry larger bullish implication and bring stronger rally to 0.8874 resistance next. Nevertheless, rejection by this Read more…
Daily Pivots: (S1) 1.6444; (P) 1.6518; (R1) 1.6562; More… EUR/AUD is still extending the sideway pattern from 1.6452 and intraday bias remains neutral. Deeper decline is expected with 1.6793 resistance intact. On the downside, break Read more…
Daily Pivots: (S1) 0.9665; (P) 0.9674; (R1) 0.9690; More… Intraday bias in EUR/CHF is back on the upside as rise from 0.9513 resumed after brief retreat. Further rally would be seen to 38.2% retracement of Read more…
In an MNI interview, ECB Executive Board Member Frank Elderson responded to the speculation on whether interest rates have reached their pea. He noted, “Does that mean policy rates have peaked? Not necessarily. There is Read more…