Daily Pivots: (S1) 211.42; (P) 213.14; (R1) 214.18; More… GBP/JPY’s break of 210.63 support indicates that a short term top was at least formed at 214.83. Intraday bias is back on the downside for 55 D EMA (now at 208.90). Sustained break there will argue that it’s correcting whole rise from 184.35 and target 38.2% […]
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Key Highlights EUR/USD declined heavily below 1.1620 and 1.1600. A major bearish trend line is forming with resistance at 1.1765 on the 4-hour chart. Crude oil prices surged above $100 and $110 amid the ongoing Read more…
Gold began the week on the defensive while Dollar strengthened broadly across currency markets, as the Middle East conflict has entered its second week with no meaningful signs of de-escalation. The metal is now showing Read more…
China’s consumer inflation rebounded sharply in February, offering a fresh sign of improving domestic demand. Headline CPI rose from 0.2% yoy to 1.3%, well above expectations of 0.9% and marking the strongest increase in more Read more…