Traders are growing increasingly cautious as US stocks open significantly lower today, with selloff gaining momentum throughout the early part of the session. At the time of writing, DOW is down by over -500 points. Read more…
Bitcoin failed to continue its bullish momentum from last week, and after touching a high of $29,961 on April 30, it declined below the $28,000 handle today in the European trading session. We can clearly Read more…
There is a pretty strong consensus that the Fed will hike by a quarter of a point at the next meeting. But what could really throw the markets for a loop is what happens after Read more…
Daily Pivots: (S1) 1.0949; (P) 1.0992; (R1) 1.1021; More… EUR/USD is staying in sideway consolidation below 1.1094 and intraday bias remains neutral. Further rally is expected as long as 1.0908 support holds. Break of 1.1094 Read more…
RBA Governor Philip Lowe reiterated in a speech that after today’s 25bps rate hike, “some further tightening of monetary policy may be required”. But he added the decision will “depend upon how the economy and Read more…
Natural gas futures (June delivery) have been range bound over the past two months, consolidating the downtrend from August’s highs near the 2.00 round level. The sideways move is developing within a descending triangle and at the Read more…
Eurozone CPI accelerated from 6.9% yoy to 7.0% yoy in April, above expectation of 6.9% yoy. CPI core (all item excluding energy, food, alcohol & tobacco) slowed from 5.7% yoy to 5.6% yoy, below expectation Read more…
EURCHF is edging higher today, bouncing off a support area defined by the 200-day simple moving average (SMA) and the 38.2% Fibonacci retracement of the June 9, 2022 – September 26, 2022 downtrend respectively. The recent Read more…
Asian equities were mixed on Tuesday with some markets closed as investors braced for a heavy event week packed with top-tier data releases and key central bank meetings. European futures are signalling a mixed open Read more…
DXY: The DXY chart is currently showing strong bullish momentum overall, with the potential for a bullish breakthrough of the 1st resistance level and a rise towards the 2nd resistance level. The 1st support level Read more…