USDJPY extends pullback from the three-month high (150.88) into second straight day, as traders booked profits after Tuesday’s rally of nearly 1%. Overbought daily studies contributed to fresh selling, which is expected to push the Read more…
GBPUSD holds above key support trendline despite disappointing UK GDP data Short-term trend deteriorates, but confirmation needed below 1.2500 GBPUSD remained squeezed between the 1.2563 resistance and the key support trendline from the 2022 record Read more…
US 30 index in the green again, after Tuesday’s decent correction It remains a tad below its all-time high but bulls might start to worry Momentum indicators mixed; all eyes on the stochastic oscillator The Read more…
Australia’s unemployment rate rose to a two-year high of 4.1% in January, while employment was little changed although analysts had expected around 25,000 new jobs, data released this morning showed. It is believed that weak Read more…
In a European Parliament committee hearing, ECB President Christine Lagarde highlighted that the “ongoing disinflation process” is expected to continue “gradually further down over 2024,” attributing this trend to the diminishing effects of past upward Read more…
AUDUSD still holds below the downtrend line But MACD and RSI suggest bullish correction AUDUSD has been overperforming over the last two sessions after the rebound off the 0.6440 support level. However, the market remains Read more…
WTI futures retreat after testing 200-day SMA Pattern formation resembles a double top Momentum indicators weaken but remain positive WTI oil futures (March delivery) had been staging a comeback after their decline below the 50-day simple moving average (SMA) Read more…
Daily Pivots: (S1) 188.70; (P) 189.31; (R1) 189.87; More… Intraday bias in GBP/JPY remains neutral at this point, for consolidations below 190.05. Break 190.05 will resume larger up trend. However, break of 187.83 will turn Read more…
Daily Pivots: (S1) 161.14; (P) 161.37; (R1) 161.77; More… Intraday bias in EUR/JPY is turned neutral first as it retreated ahead of 161.84 resistance On the upside, firm break of 161.84 will confirm resumption of Read more…
Daily Pivots: (S1) 0.8507; (P) 0.8528; (R1) 0.8558; More… Intraday bias in EUR/GBP as it’s capped below 0.8571 resistance despite extended recovery. On the downside, break of 0.8497 will resume extend recent fall to 0.8464 Read more…