Gold price started a fresh increase above the $3,210 resistance level. WTI Crude oil prices are gaining bullish momentum and might even test $63.50. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today Read more…
Daily Pivots: (S1) 1.1123; (P) 1.1171; (R1) 1.1212; More… Intraday bias in EUR/USD remains neutral for the moment. Strong support is still expected from 38.2% retracement of 1.0176 to 1.1572 at 1.1039 to complete the Read more…
Daily Pivots: (S1) 1.3242; (P) 1.3288; (R1) 1.3325; More… Intraday bias in GBP/USD remains neutral and more range trading could be seen. On the upside, decisive break of 1.3433/42 key resistance zone will confirm larger Read more…
Daily Pivots: (S1) 145.01; (P) 145.56; (R1) 146.19; More… Intraday bias in USD/JPY remains neutral for the moment. . Fall from 158.86 might have completed at 139.87 already. Further rise is in favor as long Read more…
Daily Pivots: (S1) 0.8334; (P) 0.8368; (R1) 0.8408; More…. Intraday bias in USD/CHF remains neutral for the moment. On the downside, firm break of 0.8323 support will argue that corrective rebound from 0.8038 has completed Read more…
Markets Rating agency Moody’s dropped a little bombshell in late US dealings last Friday. It stripped the US of its top notch AAA-rating over, unsurprisingly, the budgetary situation: “We do not believe that material multi-year Read more…
Daily Pivots: (S1) 0.6382; (P) 0.6409; (R1) 0.6430; More… Intraday bias in AUD/USD remains neutral as range trading continues. Further rise is in favor as long as 0.6356 support holds. One the upside, break of Read more…
Global markets kicked off the week with a mild risk-off tone, driven by renewed concerns over US creditworthiness and mixed economic data out of China. Moody’s downgrade of the U.S. sovereign rating from Aaa to Read more…
In focus today Today, the European Commission will release its spring economic forecast, likely revising euro area growth expectations from November’s 1.3% y/y to align with private banks’ consensus expectations of 0.8% y/y and the Read more…
The week starts with a jump in US yields and a weaker dollar after Moody’s downgraded the US credit rating from the top Aaa to Aa1, citing concerns about the US’ rapidly rising debt toward Read more…