The dollar index edged higher in Friday morning but is still holding within a choppy range that extends into sixth straight day. Long tails of daily candle of past two days and repeated closes above Read more…
The Japanese yen has hit the brakes on this week’s impressive rally. USD/JPY is trading at 154.34 in the European session, up 0.30% on the day. On Thursday, the yen climbed as much as 1.3% Read more…
The latest ECB Consumer Expectations Survey results revealed stable inflation expectations but a more negative outlook for economic growth. Median inflation expectations for the next 12 months remained unchanged at 2.8%, holding at their lowest Read more…
USDCAD exits from consolidation area Momentum oscillators indicate bearish correction USDCAD rallied towards the 1.3845 high and completed the seventh consecutive green day on Thursday following the bounce off the 200-day simple moving average (SMA) Read more…
Market Picture The cryptocurrency market rallied 3.4% overnight to $2.4 trillion, taking advantage of the mixed performance of US indices, with the Russell2000 and Dow Jones up and the Nasdaq100 and S&P500 down. It’s not Read more…
GBPJPY pulls back from its 16-year peak of 208.10 The pair falls to its lowest level since May 16 RSI and MACD warn of an overstretched retreat GBPJPY has been in a prolonged uptrend since early 2024, Read more…
Markets The IT-driven risk-off initially supported a classic safe haven run on core bonds yesterday. German yields at some point lost another 5-7 bps. However, equities gradually found a bottom going in the opening of Read more…
Daily Pivots: (S1) 1.0825; (P) 1.0848; (R1) 1.0867; More….. Intraday bias in EUR/USD is turned neutral with current recovery. Deeper fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target Read more…
Daily Pivots: (S1) 1.2822; (P) 1.2876; (R1) 1.2903; More… Outlook in GBP/USD is unchanged and intraday bias remains neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the Read more…
Daily Pivots: (S1) 0.8776; (P) 0.8818; (R1) 0.8858; More… No change in USD/CHF’s outlook and intraday bias stays on the downside. Fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at Read more…