Hopes that inflation is finally cooling down led traders to unwind bets that the Fed will raise rates beyond 5%, dealing a heavy blow to the US dollar last week. The next event is the Read more…
Market picture Bitcoin is trading in the $16.7K area (+1.6% in 24 hours), a significant consolidation area of the past five days. It was helped back to these levels by the news of Binance launching Read more…
RBA is looking for higher rates in an upcoming meeting, but its unclear if there will be 25 or 50bp increase which will be determined by incoming data and the outlook for inflation and employment. Read more…
EURJPY halted its latest steep decline near the 50-day simple moving average (SMA), returning to the green zone on Monday. The bulls are currently hunting the 145.00 psychological mark, though the short-term technical picture is barely Read more…
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PHP 8.2 will be released on 8th December 2022, and is a minor release compared to 8.0 and 8.1. This can be partly attributed to the departure of Nikita Popov as one of the most significant contributors to the PHP language. The PHP language has a lot of maintainers and isn't built by one person, but Nikita was one of the most active of them. Features like union types, typed properties, named arguments, and arrow functions, to name a few, were all added by Nikita.
GBPUSD is looking bullish in the short term after surging above its daily moving averages (MAs) and the long-term descending trend line. Prices hit a two-and-half-month high of 1.1853 on Friday, and the technical indicators Read more…
Equity markets are looking slightly positive in early trade on Tuesday, adding to modest gains at the start of the week. While the rally is perhaps slowing a little after the strong gains of recent Read more…
Markets Yesterday was the first day of what we fear will be a November lull. The sharp repositioning after last Thursday’s US CPI release, the arrival of technical support/resistance levels, the absence of key eco Read more…
Daily Pivots: (S1) 163.52; (P) 164.62; (R1) 165.54; More… Intraday bias in GBP/JPY stays neutrla for the moment. Strong rebound from current level, followed by break of 166.06 minor support will turn bias back to Read more…
Daily Pivots: (S1) 143.59; (P) 144.41; (R1) 145.35; More…. Breach of 145.02 minor resistance argues that EUR/JPY’s correction from 148.38 might be completed at 142.54. Intraday bias is back on the upside for retesting 148.38 Read more…