Check back for updates throughout the trading day U.S. equity futures nudged higher Thursday, while the dollar slipped against its global peers and Treasury yields steadied, as investors reacted to a key 2024 update from Read more…
EURGBP rose in early Thursday’s trading, adding to initial signal of formation of reversal pattern on the daily chart, after Wednesday’s action ended in long-legged Doji candle, signaling indecision. Oversold studies contributed to fresh profit-taking, Read more…
Market Picture The crypto market saw lower volatility in the last 24 hours, with capitalisation at $1.56 trillion and the price of Bitcoin hovering around $40K. Major altcoins have also avoided strong moves. The Fear Read more…
The euro is showing limited movement on Thursday. In the European session, EUR/USD is trading at 1.0895, up 0.10%. Eurozone PMIs, released on Wednesday, pointed to trouble in the manufacturing and services sectors. Manufacturing has Read more…
In the new Monthly Economic Report, the Japanese Government continues to observe that the economy is “recovering at a moderate pace”, even though it’s “pausing in part”. A significant shift in this report is the Read more…
German Ifo Business Climate fell from 86.3 to 85.2 in January, below expectation of 86.7. Current Assessment Index fell from 88.5 to 87.0, below expectation of 88.6. Expectations Index fell from 84.2 to 83.5, below Read more…
WTI futures break above crucial trendline and 50-day SMA Next target is the 61.8% Fibo, which held strong in January Momentum indicators tilt to the positive side WTI oil futures (March delivery) had been on the Read more…
WTI oil remains at the front foot and trading near one-month high, posted on Wednesday, after release of crude inventories report. Much stronger than expected drop in US crude stocks, mainly caused by bad weather, Read more…
Daily Pivots: (S1) 187.07; (P) 187.78; (R1) 188.42; More… GBP/JPY is extending the consolidation pattern from 188.90 and intraday bias stays neutral. Further rally is expected as long as 186.14 resistance turned support holds. On Read more…
Daily Pivots: (S1) 160.01; (P) 160.54; (R1) 161.10; More… Intraday bias in EUR/JPY stays neutral as consolidation from 161.84 is still in progress. Further rally is expected as long as 158.55 resistance turned support holds. Read more…