EURUSD opened with a gap lower on Monday to chart a new 20-year low at 0.9877. The constraining descending line, which connects all the lows from August 2018, continued to buffer downside pressures ahead of Thursday’s Read more…
Gold has been trending lower since early March, generating a profound structure of lower highs and lower lows within a descending channel. Although the precious metal’s latest downleg came to a halt at the six-week Read more…
Market picture Bitcoin declined 0.4% over the past week, ending at around $19,900 without experiencing any significant movement during that time. For now, we can only say that the crypto market is wagering on the Read more…
EUR/USD Today’s trading session of the single European currency started with a strong bearish pressure. At the time of writing of the analysis, the bears are trying to breach the support at 0.9917. The next Read more…
Equities remain under pressure as investors brace for more aggressive tightening by central banks. A bearish MA cross on the daily chart suggests that sentiment has shifted to the cautious side and the selling pressure Read more…
Markets US payrolls added a robust 315k but a downward two-month revision, slowing income growth and an unusually large uptick in the participation rate drew the attention. It smoothed off some of the sharpest edges Read more…
Market movers today Energy price developments remain in focus this week after Gazprom said it would fully suspend the Nord Stream natural-gas pipeline to Germany, raising pressure on Europe as governments race to avoid energy Read more…
The week starts on negative sentiment as Friday’s jobs report couldn’t prevent the selloff from extending in the US. And more importantly for the Europeans, Gazprom didn’t restore gas flow to Europe on Saturday, as Read more…
Daily Pivots: (S1) 160.91; (P) 161.70; (R1) 162.25; More… No change in GBP/JPY’s outlook as corrective pattern from 168.67 is extending. Intraday bias remains neutral. On the upside, break of 163.91 will bring stronger rise Read more…
Daily Pivots: (S1) 139.02; (P) 139.88; (R1) 140.51; More…. Intraday bias in EUR/JPY is turned neutral with current retreat. But further rise will be mildly in favor as long as 138.24 minor support holds. Break Read more…