The British pound is trying to return to levels above 1.2000. The pressure on the pound intensified on Monday evening, along with the reduced demand for risk assets after the US market. Today the pound Read more…
The dollar index holds in red for the third consecutive day and extends pullback from new 20-year high, to hit one-week low in European trading on Tuesday. The sentiment softened after US policymakers cooled down Read more…
US dollar retreat continues The New Zealand dollar is enjoying a banner day. NZD/USD has jumped 1.14% and is trading at 0.6224, its highest level in two weeks. The US dollar continues to retreat across Read more…
Eurozone CPI was finalized at 8.6% yoy in June up from May’s 8.1% yoy. Excluding energy, food, alcohol & tobacco, CPI was finalized at 3.7% yoy, down form May’s 3.8% yoy. The highest contribution to Read more…
Bitcoin rose 2.9% on Monday, ending the day around $21.5K, and continuing to test the $22K level on Tuesday morning. So far, we are seeing an intensification of selling as buyers push the price up Read more…
EURJPY paused its short-term bullish sequence near a two-week high of 140.78 and below the 20-day simple moving average (SMA) on Monday as the broken support trendline from March came to block the way higher. The technical Read more…
GBP/USD rises as the jobs market boom continues GBP/USD is extending its rebound from a 2-year low last week, heading towards 1.20 following UK jobs data. Unemployment held steady at 3.8%, defying forecasts of a Read more…
A sense of caution has taken hold of financial markets as investors adopt a guarded stance ahead of another week packed with key economic reports and risk events. Asian shares got no love this morning, Read more…
The internal structure of the USDCNH pair hints at the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ, which in the long term forms a cycle correction IV. The correction model today looks completed in two parts out of Read more…
Cable keeps positive tone and attacks again pivotal 1.20 resistance zone (psychological / Fibo 38.2% of 1.2406/1.1760 bear-leg / trendline resistance), after Monday’s action spiked to 1.2033 but failed to sustain gains and closed below Read more…