BoE Deputy Governor Jon Cunliffe told BBC Radio today, “What we expect is, the cost of living squeeze will hit people’s spending, and that will start to cool the economy. We can see signs that Read more…
Bitcoin rose 3.5% on Tuesday, ending the day around $20,400, but continued pressure on risky assets in Asia brought the price of the first cryptocurrency back below $20,000 on Wednesday morning. Ethereum has lost 3% Read more…
USDJPY is moving sideways within a tight range of the 134.25 support and the 24-year high of 137.05, failing to post a higher high, suggesting an overbought market. The RSI indicator is pointing down in Read more…
Not much has changed in the past month as the precious metal is stuck in limbo, confined by equally strong support and resistance forces. Gold has been caught in a balancing act influenced by various Read more…
WTI oil edges higher in early Wednesday after falling nearly 10% previous day (the biggest daily loss since Mar 9), as renewed supply concerns of growing recession signals slashed oil prices. Profit-taking pushed the price Read more…
Daily Pivots: (S1) 160.96; (P) 163.12; (R1) 164.65; More… Intraday bias in GBP/JPY is back on the downside as fall from 167.84 resumes. Firm break of 159.97 support will raise the chance of rejection by Read more…
Daily Pivots: (S1) 138.17; (P) 140.27; (R1) 141.59; More…. Intraday bias in EUR/JPY is back on the downside as fall from 144.26 resumes. Sustained break of 137.83 support will raise the chance of rejection by Read more…
Daily Pivots: (S1) 0.8545; (P) 0.8584; (R1) 0.8625; More… EUR/GBP is staying in range trading and intraday bias remains neutral. As long as 0.8484 support holds, further rise is in favor. Break of 0.8720 and Read more…
Daily Pivots: (S1) 1.5046; (P) 1.5145; (R1) 1.5198; More… Focus is back on 1.5059 minor support in EUR/AUD. Firm break there will indicate rejection of 1.5354 support turned resistance, and revive medium term bearishness. Intraday Read more…
EUR/USD The common European currency lost quite a bit of ground against the dollar, and after the successful violation of the major support at 1.0359, the pair tested the lower zone at 1.0237 as a Read more…