WTI oil price fell to the lowest in almost four weeks in early Monday, following a short-lived spike higher on Friday, sparked by Israel’s attack on Iran. The sentiment changed quickly to negative on fading Read more…
With 10 year US yields experiencing only a three-wave drop from a new high last week down to 4.5%, we should anticipate more gains here. This is likely to be positive for the Dollar, especially Read more…
Market picture The crypto market is moving upwards, encouraged by Bitcoin’s positive momentum. Total cryptocurrency capitalisation reached $2.44 trillion, up 1.6% in 24 hours and 0.8% in seven days. Bitcoin added 1.9% in 24 hours Read more…
It was another rough week for the Aussie, pressured by strong US data, more hawkish Fedspeak and escalating Mideast geopolitical risks. US data continued to impress with March retail sales (ex-autos and gas) rising 1.0%, Read more…
USDJPY keeps firm tone and continues to trade near pivotal 155 barrier, where strong offers cap the action on expectations that Japan’s authorities may intervene at this zone. Technical picture on daily and weekly chart Read more…
On April 19, 2024, a halving occurred in the Bitcoin network, resulting in the reward for the mined block amounting to 3.125 BTC. Historically, after the halving (which is associated with a reduction in supply), Read more…
EURUSD drops to a fresh 5-month low before paring some losses Oscillators suggest that risks remain tilted to the downside EURUSD came under severe selling pressure in the aftermath of a hotter-than-expected inflation report on April 10, Read more…
EURJPY is preparing to test the recent 165.34 high The growing intervention threat is limiting the aggressive bullish appetite Momentum indicators maintain some degree of bullish tendency EURJPY is edging higher today with the bulls Read more…
Daily Pivots: (S1) 190.16; (P) 191.44; (R1) 192.58; More.. Intraday bias in GBP/JPY remains neutral as consolidations from 193.51 could extend further. On the upside, firm break of 193.51 will resume larger up trend to Read more…
Daily Pivots: (S1) 163.51; (P) 164.27; (R1) 165.52; More… Intraday bias in EUR/JPY stays neutral for the moment. Consolidation from 165.33 could extend further. On the upside, firm break of 165.33 will resume larger up Read more…