Daily Pivots: (S1) 1.2666; (P) 1.2712; (R1) 1.2748; More… No change in GBP/USD’s outlook as consolidation from 1.2826 is still extending. Another fall cannot be ruled out, but downside should be contained above 1.2499 support Read more…
Daily Pivots: (S1) 1.0816; (P) 1.0851; (R1) 1.0889; More… EUR/USD is staying above 1.0812 temporary low and intraday bias remains neutral for now. Further decline is mildly in favor as long as 1.0931 resistance holds. Read more…
Euro weakens broadly today amid signals from ECB officials that a rate cut cycle could commence in June, or even earlier in April. This bearish sentiment towards the common currency heightens the significance of upcoming Read more…
Advanced Micro Devices (AMD) – Get Free Report shares moved higher in early Monday trading ahead of the chipmaker’s fourth-quarter earnings later this week, following a series of price target boosts from Wall Street tied to Read more…
Bullish Scenario: Consider buying above 2028.50 with TP1: 2033, TP2: 2036, and TP3: 3039 on extension. It is recommended to set a stop loss (S.L.) below 2024.5 or at least 1% of the account capital**. Read more…
Market picture Crypto market capitalisation at around $1.62 trillion is less than 1% higher than it was seven days ago, thanks to a growth spurt on Friday. Bitcoin has added 3% in the same period Read more…
Check back for updates throughout the trading day U.S. equity futures were mixed in early Monday trading while oil prices extended gains, as investors braced for a massive week on Wall Street while eyeing developments Read more…
The Swiss franc has edged higher on Monday. In the European session, USD/CHF is trading at 0.8618, down 0.25%. SNB concerned about Swiss franc’s surge The Swiss National Bank isn’t shy about intervening on the Read more…
ECB Governing Council member Peter Kazimir indicated in a blog post that June is the “more probable” timing for the first rate cut. But he emphasized that the timing is “secondary” to the decision itself, Read more…
ECB Governing Council member Mario Centeno advocates to start cutting interest rates “sooner and more gradually”, as there are a lot of evidence that inflation is falling sustainably towards 2% target. He also argued that Read more…