The Australian dollar resumes higher on Tuesday after bulls paused on Monday, on headwinds from pivotal Fibo barrier at 0.7416 (76.4% retracement of 0.7555/0.6967). Today’s break through this barrier, generated fresh signal of continuation of recovery leg from 0.70 zone, where attempts to break lower failed twice (Dec 2021 / Jan 2022), forming a double-bottom […]
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Daily Pivots: (S1) 212.28; (P) 212.75; (R1) 213.09; More… Intraday bias in GBP/JPY remains mildly on the downside at this point. Rebound from 207.20 should have completed with three waves up to 213.28. Deeper fall Read more…
The week started on a now-usual pattern, with oil prices pushing higher at the open and retracing part of their gains as investors digested the latest news from the Middle East. The major developments include Read more…
In focus today Today, focus continues to be on tensions in the Middle East and its impact on energy markets. Trump stated on Friday that the US will be hitting Iran “very hard over the Read more…