Daily Pivots: (S1) 147.65; (P) 147.93; (R1) 148.45; More… Intraday bias in USD/JPY remains neutral for the moment, as consolidation continues below 148.79. With 145.97 resistance turned support intact, further rally is in favor. As Read more…
Tentative risk-on sentiment is perceptible in Asian session, as Japan’s Nikkei rallied with energy shares lifted by rally in oil prices. Concurrently, stock markets Hong Kong are continuing their near-term rebound, reflecting cautious optimism in Read more…
DXY: The DXY (US Dollar Currency Index) chart currently exhibits a bullish overall momentum, indicating strength in the US Dollar. According to your analysis, there is potential for a bullish breakout through the 1st resistance Read more…
Key Highlights EUR/USD is struggling to start a recovery wave above 1.0920. A major bearish trend line is forming with resistance near 1.0900 on the 4-hour chart. GBP/USD is struggling to recover above the 1.2760 Read more…
Notable rally is seen in oil markets as the week commences, with WTI crude oil marching towards 80 handle. This rise is largely driven by escalating tensions in the Middle East. Over the past weekend, Read more…
The New Zealand economy had a significant downturn in international trade during December, with goods exports dropping by -8.7% yoy, amounting to a decrease of NZD 568B, resulting in exports totaling NZD 5.9B. Concurrently, goods Read more…
ECB Governing Council member Klaas Knot expressed confidence in inflation reverting to 2% target in 2025, but pointed out a crucial element that remains uncertain: the alignment of wage growth with this lower inflation expectation. Read more…
It was not a good week for Tesla investors who held onto their shares after Wednesday’s earnings call. The shares fell 12.1% the next day, though they rebounded slightly on Friday. For the week, Tesla Read more…
GBPCAD reversed from major resistance level 1.7240 Likely to fall to support level 1.7000 GBPCAD currency pair recently reversed down from the major resistance level 1.7240 (which has been reversing the price from the end Read more…
EUR50 index under bullish pressure Likely to rise to resistance level 4700.00 EUR50 index is under the bullish pressure now after the price broke above the resistance level 4585.00 (which stopped the previous impulse wave Read more…