The UK has been in political disarray recently, with the UK government announcing more reversals to its fiscal plans, the chancellor of the exchequer being replaced, and Conservative lawmakers preparing to submit letters of no Read more…
The Euro is standing at the front foot in early European trading on Monday, following a large swings on Thu/Fri. The action was repeatedly capped by falling 10DMA which reinforces a Fibo barrier at 0.9772 Read more…
Gold has been losing ground since early March, generating a profound structure of lower highs and lower lows. Even though the precious metal rebounded strongly from the 29-month low of 1,614 and jumped above its restrictive trend line, it Read more…
EURUSD retained a strong footing around the 0.9700 level despite the flash drop to 0.9631 last week and the downside pressures near the 20-day simple moving average (SMA). The pair continued to trade with weak Read more…
The US 500 cash index posted a negative spike towards a fresh almost two-year low of 3,490 on Thursday but failed to finish the week beneath the 200-weekly simple moving average (SMA) around 3,600. Read more…
The USDJPY is consolidating under new 32-year high (148.85), following strong bullish acceleration last Friday, which broke and closed above key barrier at 147.68 (1998 peak). The pair advanced 2.3% last week (the biggest weekly Read more…
The Aussie Dollar started a fresh decline from the 0.6350 resistance zone against the US Dollar. The AUD/USD pair declined below the 0.6280 level to move into a bearish zone. There was a clear move Read more…
Equities slide as global uncertainties keep investors on their toes. The Dax 40 found support at the base of the bullish breakout (12000) from earlier this month. 12600 near the top of a previous rebound Read more…
The pound steadied after the firing of the UK’s finance minister. A rally above the previous high at 165.50 has prompted sellers to cover their positions. Improved sentiment leans towards a bullish continuation. September’s high Read more…
The US dollar consolidated over flat retail sales in September. The euro has struggled to secure bids after it turned lower from the daily resistance and parity level. Sentiment would remain bearish unless the buy Read more…