EURJPY has been in a prolonged uptrend since early March, generating consecutive multi-year peaks. However, the pair has been losing ground in the short term after its rally paused at the eight-year high of 148.39. The momentum indicators Read more…
EUR/USD rises with ECB talk & German inflation in focus EUR/USD is rebounding, pushing towards 104 on the improved market mood and following hawkish comments from ECB President Lagarde. Lagarde warned that peak inflation may Read more…
Volatility could be the name of the game over the next few days due to the protests in China, speeches from Fed officials including Jerome Powell, and top-tier economic data. Investors received a taster early Read more…
The Dow Jones 30 slips as protests in China against Covid curbs raise concerns about growth. While a rally above August’s high of 34200 is an encouraging sign, the bulls would need to secure their Read more…
The Australian dollar retreats after a lacklustre retail sales reading in October. The pair is looking to hold onto its gains above 0.6700 following a rally earlier this month. A bounce off 0.6580 next to Read more…
The Japanese yen fell after an uptick in October’s jobless rate. The rebound has met stiff selling pressure in the former demand zone around 142.40. A break below the recent low of 138.00 suggests that Read more…
Markets In the absence of important eco data, the new China Corona outbreaks and central bank speak were the main drivers for trading yesterday. In the end, it turned out to be a risk-off session Read more…
Daily Pivots: (S1) 1.0281; (P) 1.0389; (R1) 1.0448; More… EUR/USD quickly retreated after breaching 1.4810 resistance and intraday bias is turned neutral first. Still, further rally is expected as long as 1.0222 support holds. Break Read more…
Daily Pivots: (S1) 1.1893; (P) 1.2006; (R1) 1.2070; More… Intraday bias in GBP/USD remains neutral and further rally is expected with 1.1777 support intact. Break of 1.2152will target 100% projection of 1.0351 to 1.1494 from Read more…
Daily Pivots: (S1) 0.9431; (P) 0.9465; (R1) 0.9523; More… Range trading continues in USD/CHF and intraday bias remains neutral. On the downside, firm break of 0.9355 will resume the decline from 1.0146 to 0.9287 fibonacci Read more…