Check back for updates throughout the trading day U.S. equity futures Wednesday again edged lower while Treasury yields steadied into the open as investors continued to rebalance their megacap-tech holdings while eyeing jobs data and Federal Reserve Read more…
In December, Germany’s unemployment count rose by 5k to 2.703m, a figure notably lower than the anticipated increase of 20k. This increment brings the total number of unemployed in Germany to 183k higher compared to Read more…
Nasdaq 100 outperformance over the Dow Jones Industrial Average (DJIA) since the start of the major uptrend phase has started to dissipate. A bullish rotation into the laggard, DJIA is considered a sign of a Read more…
Gold has a cautious start to the new year Technical signals weaken but need confirmation Gold opened the new year with mild losses after its bullish attempts to close above the May 2023 bar of Read more…
EUR/USD gains ground amid upbeat US Dollar. German Unemployment Change reduced to 5K from 22K prior. The seasonally adjusted Unemployment Rate remained consistent at 5.9%. The improved US Treasury yields are reinforcing the strength of Read more…
USDJPY shows some progress MACD and RSI turn up USDJPY started 2024 in a positive mode as it rebounded off the 140.90 support level with strong resistance coming from the steep descending trend line. The RSI Read more…
Markets Core bonds started the year on the backfoot, extending the U-turn which started in the final trading week of the year following an astonishing December rally. German yields rose by 4.4 bps (10-yr) to Read more…
GBP/USD declined below the 1.2715 support zone. USD/CAD is rising and might aim for more gains above the 1.3330 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline Read more…
Daily Pivots: (S1) 178.40; (P) 179.52; (R1) 180.31; More… Range trading continues in GBP/JPY and intraday bias remains neutral. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will Read more…
Daily Pivots: (S1) 154.84; (P) 155.59; (R1) 156.11; More… Intraday bias in EUR/JPY remains neutral as range trading continues. On the upside, above 158.55 will resume the corrective rebound from 153.15. On the downside, break Read more…