Oil prices remain subdued due to recession fears and demand concerns. US stockpiles unexpectedly increased, adding to the bearish sentiment, EIA data out later today. Geopolitical tensions in the Middle East and China’s economic outlook Read more…
Market picture Crypto market capitalisation is back above $2 trillion, up 1.3% over 24 hours. On Wednesday, the Crypto Fear and Greed Index retreated from extreme fear territory at 17 (the lowest in over two Read more…
EURCHF edged higher in early trading on Wednesday on s=initial signals that risk appetite is gaining traction. The pair from new multi-year low after being hit by surge in risk aversion in past few days, Read more…
Key Highlights USD/CHF declined heavily below the 0.8700 support and tested 0.8430. A major bearish trend line is forming with resistance at 0.8600 on the 4-hour chart. Bitcoin started a recovery wave from the $48,500 Read more…
USDJPY gears up after 7-month low Recent sharp sell-off looks overdone Bulls hope for a close above 146.58 to continue higher USDJPY showed signs of life on Wednesday, forcefully bouncing above the 144.57 bar that Read more…
GBP/USD started a fresh decline from the 1.2860 resistance zone. EUR/GBP is rising and might climb above the 0.8620 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs Read more…
Daily Pivots: (S1) 1.0903; (P) 1.0933; (R1) 1.0962; More….. Intraday bias in EUR/USD remains neutral as consolidation continues below 1.1007. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. Read more…
Daily Pivots: (S1) 143.21; (P) 144.79; (R1) 145.95; More… While USD/JPY’s recovery extends higher today, upside is still limited below 150.88 resistance. Intraday bias remains neutral and further decline remains in favor. On the downside, Read more…
Daily Pivots: (S1) 1.2642; (P) 1.2723; (R1) 1.2772; More… Intraday bias in GBP/USD remains on the upside at this point. Fall from 1.3043 is in progress for 1.2612 support. Decisive break there should confirm that Read more…
Daily Pivots: (S1) 0.8485; (P) 0.8529; (R1) 0.8556; More… Intraday bias in USD/CHF remains neutral as consolidation continues above 0.8431 low. While further recovery cannot be ruled out, upside should be limited by 0.8711 resistance Read more…