Brent crude oil is holding steady at 81.50 USD per barrel on Tuesday, following a significant surge of over 2.5% the previous day. The price increase was driven by optimistic market expectations about fuel demand Read more…
The British pound is drifting on Tuesday. GBP/USD is trading at 1.2720 in the European session at the time of writing, down 0.08% on the day. The UK released the May employment report earlier today. Read more…
Gold price edged lower in early trading on Tuesday, following Monday’s limited consolidation of nearly 4% drop on Friday. Near-term outlook remains bearishly aligned after a massive loss last Friday, sparked by strong US jobs Read more…
Market Picture The cryptocurrency market spent Monday in a very narrow range but started Tuesday with a violent sell-off, losing over 2.8% in 24 hours to $2.47 trillion. Bitcoin is retreating at the same pace Read more…
ECB Governing Council member Francois Villeroy de Galhau highlighted today at a conference that month-to-month inflation data will be volatile due to base effects, particularly related to energy prices. He cautioned that this “noise” in Read more…
Daily Pivots: (S1) 199.22; (P) 199.64; (R1) 200.33; More… GBP/JPY is staying in range below 200.72 and intraday bias stays neutral. On the downside, break of 197.28 will strengthen the case that rise from 191.34 Read more…
Daily Pivots: (S1) 168.50; (P) 168.86; (R1) 169.42; More… Range trading continues in EUR/JPY and intraday bias stays neutral. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has Read more…
Daily Pivots: (S1) 0.8440; (P) 0.8456; (R1) 0.8472; More… Intraday bias in EUR/GBP stays on the downside at this point. Current down trend should target 0.8376 projection level next. On the upside, above 0.8482 support Read more…
Daily Pivots: (S1) 1.6235; (P) 1.6311; (R1) 1.6362; More… Intraday bias in EUR/AUD stays neutral as range trading continues. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as Read more…
Daily Pivots: (S1) 0.9622; (P) 0.9656; (R1) 0.9686; More…. Intraday bias in EUR/CHF stays on the downside at this point. Deeper fall would be seen to 0.9563 support. Decisive break there will argue that whole Read more…