EURUSD meets lower boundary of bearish triangle Market is in descending tendency MACD and RSI strengthen bearish bias EURUSD plummeted more than 1% on Friday after the release of the NFP report and posted a Read more…
US 500 index flirts with new all-time highs on daily basis Bears lack the strength to stage a correction Momentum indicators still support the bullish move The US 500 cash index is edging lower after recording Read more…
Euro turned up at end of 2023, it recovered with a sharp reaction higher up to 1.1 area where pair slowed down and turned lower into a pullback that is now in progress. Ideally, thats Read more…
Markets Fed Chair Powell signaled last week that the Fed wants additional confirmation that the economy is on a path that should bring inflation back to 2% in a sustainable way, even as inflation developed Read more…
EUR/USD: Dollar Strengthening Prospects Increase Throughout January, a series of indicators: GDP, employment, and retail sales, consistently highlighted the strength of the US economy. The threat of recession diminished, and it became evident that the Read more…
Friday’s abnormally strong jobs data resonated like a bomb across the financial markets. The US economy added 353’000 nonfarm jobs last month versus the consensus of around 185’000 new job additions. The average wage growth Read more…
In focus today From the US, the ISM Services index is due for release for January. The December data pointed towards weakening growth momentum, but the latest signals from flash PMIs have been more optimistic. Read more…
Daily Pivots: (S1) 186.63; (P) 187.18; (R1) 188.00; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, firm break of 187.60 will turn bias to the upside for 188.90. Break there Read more…
Daily Pivots: (S1) 159.31; (P) 159.79; (R1) 160.52; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 160.25 minor resistance will indicate that rise from 153.15 is ready Read more…
Daily Pivots: (S1) 0.8524; (P) 0.8536; (R1) 0.8551; More… Intraday bias in EUR/GBP stays neutral for the moment. Near term outlook will stay bearish as long as 0.8591 resistance holds. Below 0.8512 will resume the Read more…