Market picture The cryptocurrency market lost 2% of its capitalisation in 24 hours to $2.41 trillion. However, this is a pullback from a high base. This tug-of-war between bulls and bears points to the importance Read more…
Tesla shares nudged higher in early Tuesday trading, taking the stock to within touching distance of its highest levels in six months, as investors look to the automaker’s second quarter earnings after the closing bell. Read more…
Check back for updates throughout the trading day U.S. equity futures were mixed in early Tuesday trading, while Treasury yields and the dollar held steady, as investors shifted focus from domestic political risks to corporate Read more…
AUDUSD falls back within a range RSI and MACD support further declines Dip below 0.6575 could carry larger bearish implications Rebound above 0.6690 may invite more bulls. AUDUSD has been trading in a free-fall mode Read more…
In an interview with Spanish news agency Europa Press, ECB Vice President Luis de Guindos emphasized the significance of new macroeconomic projections in September, together with another two months of data on inflation and underlying Read more…
GBPUSD eases but remains above uptrend line Stochastics and RSI suggest more losses GBPUSD is retreating after a strong rally towards the one-year high of 1.3045. The technical oscillators also confirm the bearish retracement. The Read more…
EURJPY jumped to its highest since January 1992 on July 11 But is trending lower since then due to Japanese intervention Oscillators deteriorate significantly, suggesting bearish bias EURJPY has been in an uptrend since the beginning of Read more…
Markets US President Biden stepping out of the presidential election race dominated press/market headlines yesterday. Still, the direct impact on global trading was modest after all. For now, the outcome of an expected contest between Read more…
Daily Pivots: (S1) 1.0875; (P) 1.0889; (R1) 1.0905; More…. Intraday bias in EUR/USD remains neutral and further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection Read more…
Daily Pivots: (S1) 1.2912; (P) 1.2927; (R1) 1.2949; More… GBP/USD is extending consolidation from 1.3043 and intraday bias remains neutral. Downside should be contained by 1.2859 resistance turned support to bring another rally. Break of Read more…