Speaking at a conference today, Finnish ECB Governing Council member Olli Rehn reiterated that the direction of monetary easing is “clear”. However, he emphasized that the “speed and scope ” of these cuts will be Read more…
US 100 index trades a tad below its all-time high The US election rally appears to have fizzled out Momentum indicators remain bullish at this stage The US 100 cash index is moving sideways again Read more…
GBPUSD holds in tight range in near term MACD and RSI tick lower GBPUSD is flirting with the long-term ascending trend line after the downfall of the 1.3045 resistance level. The next crucial point for Read more…
Market Picture The total capitalisation of the cryptocurrency market approached $3 trillion, rewriting the record set almost exactly three years ago. During the day, the indicator grew by more than 8%. The nature of the Read more…
EUR/USD extended losses and traded below the 1.0775 support. USD/CHF is rising and might aim a move toward the 0.8850 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the Read more…
Markets US markets were closed yesterday in observance of Veteran’s Day, thinning trading conditions at the start of the week. For now, the by default trading mechanisms are the ones put in place after US Read more…
Bitcoin added another 10% yesterday and came just shy of the $90K per coin, while Ethereum flirted with the $3400 mark. The crypto-friendly Donald Trump – who says that the US should become the center Read more…
Daily Pivots: (S1) 197.03; (P) 197.75; (R1) 198.57; More… Range trading continues in GBP/JPY and intraday bias stays neutral for the moment. Further rally is expected as long as 55 D EMA (now at 194.99) Read more…
Daily Pivots: (S1) 163.33; (P) 163.99; (R1) 164.50; More…. Intraday bias in EUR/JPY remains on the downside. Sustained trading below 55 D EMA (now at 163.34) will argue that whole corrective rise from 154.40 has Read more…
Daily Pivots: (S1) 0.8259; (P) 0.8281; (R1) 0.8301; More… Intraday bias in EUR/GBP remains on the downside for 61.8% projection of 0.8624 to 0.8294 from 0.8446 at 0.8242. Break there will target 0.8201 key support. Read more…