EURUSD managed to stay afloat above the downtrend’s bottom line of 1.0348 for the third time despite its bearish weekly close. Nevertheless, negative risks keep lingering in the background. Particularly, the 20-day simple moving average Read more…
The currency markets will be in quiet mode today, as US markets are closed for the Fourth of July holiday. The yen hasn’t shown much movement over the past week, although USD/JPY hit another 24-year Read more…
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Eurozone PPI rose 0.7% mom, 36.3% yoy in May, versus expectation of 1.0% mom, 36.7% yoy. For the month, industrial producer prices increased by 1.7% for intermediate goods, by 1.3% for non-durable consumer goods, by Read more…
Cable is trading around 1.21 handle, moving in a narrow range on expected lower volumes due to US Independence Day holiday. Friday’s daily candle with long tail signals that bears are lacking strength for a Read more…
The Euro is holding in a tight range on Monday, following initial bullish signal on double downside rejection last Thu/Fri, on expected headwinds at key 1.0360/40 support zone. Mixed daily studies (14-d momentum is attempting Read more…
Bitcoin is down 9.2% over the past week, finishing around $19,400 and trading near 19,000 on Monday morning. Ethereum has lost 13.3% in the last seven days, while other top altcoins in the top 10 Read more…
EUR/USD Friday’s session was quite volatile for the EUR/USD, and in the early hours of today, the trend took a downward turn. There was a brief struggle between traders around the session open in Europe, Read more…
The price of natural gas tumbled sharply as investors continued focusing on the changing supply dynamics. This price action is mostly because of a significant increase in storage injection in the US. It also declined Read more…
Gold optimism started to shine again after the creation of a bullish hammer candlestick on Friday, which succeeded the sharp bounce on May’s bottom of $1,786/ounce. The price is currently pushing for a higher close slightly above Read more…