The precious metals are recapturing critical levels one after another, claiming a reversal to the upside after a two-year bearish trend. Silver made quite a move up on Monday, gaining over 4%. Palladium closed the Read more…
Bitcoin rose 3.5% to $24,100 on Monday and retreated slightly from the highs to 23900 on Tuesday morning. Ethereum is trading near $1780, adding 3.5% in the last 24 hours. Top altcoins have gained between Read more…
GBPUSD has been in a prolonged downtrend since the beginning of the year, creating a clear structure of lower highs and lower lows. Although the pair managed to faintly bounce back after its downfall halted at the Read more…
EURJPY has been in the green every single day since the plunge to an almost three-month low of 133.39 and the creation of a bullish hammer candlestick last week, rising gradually up to 137.91 on Read more…
Asian shares struggled for direction this morning as concerns about inflation and the outlook for economic growth weighed on sentiment. Overnight, Wall Street’s main indices were mostly flat with a sales warning from Nvidia dragging Read more…
Equity markets are lacking any real direction in Asia and that appears to be carrying into the European session as well. Europe is seeing minor losses on the open, offsetting some of the small gains Read more…
EUR/USD The first day of the week passed calmly for the European currency. We saw a slight decline in the early hours of the day, but after the opening of the European session, we saw Read more…
The Dow Jones 30 treads water as strong US jobs data may underpin aggressive tightening. The index has found bids over 32500. June’s high at 33300 is a major resistance. The RSI’s repeated overbought condition Read more…
The New Zealand dollar loses steam after a slowdown in inflation expectations. The price is at a crossroads after the recent rally came to a halt in the supply zone (0.6350), while a bullish MA Read more…
Daily Pivots: (S1) 1.0161; (P) 1.0192; (R1) 1.0224; More… Range trading continues in EUR/USD. Outlook is unchanged and intraday bias remains neutral. On the downside, break of 1.0095 minor support will argue that larger down Read more…