NZDUSD entered a new bearish phase last Friday after failing to chart a new higher high above May’s peak of 0.6567, with the price falling as low as 0.6421 on Tuesday. The 20-day simple moving Read more…
USDJPY is flying towards a fresh 20-year high around 133.30, continuing the strong buying interest that started after the bounce off the 126.30 barrier. The 20- and 40-day simple moving averages (SMAs) failed to post Read more…
American stocks pared earlier losses on Tuesday as investors continued worrying about inflation and margins among companies. The rising cost of doing business and the logistics challenges have left many companies in a challenging situation. Read more…
The Euro is holding in red in early Wednesday and probing again through Fibo support at 1.0683 (23.6% of 1.0349/1.0786 upleg). Fresh bears emerged after recovery was rejected at pivotal Fibo resistance at 1.0787 (38.2% Read more…
Markets will be keenly watching ECB President Christine Lagarde’s press conference on Thursday, for the latest signals pertaining to the size of its intended July rate hike, in addition to the widely expected announcement about Read more…
EUR/USD The U.S. dollar recovered part of its losses during yesterday’s trading session, but the attack of the bulls was thwarted around the local resistance level at 1.0713. In the early hours of today’s session, Read more…
Markets Stock markets guided global trading yesterday in an emotionless session. European stock markets opened rather weak in line with WS’s performance on Tuesday and failed to overturn those losses throughout the day. They eventually Read more…
US equities ended Tuesday session in the positive as the US 10-year yield stretching above the 3% mark acted like a speed bump. That’s relatively good news for the market, because it clearly shows that, Read more…
Market movers today In the US, we get crude oil inventories, where the change may signal how big the demand-supply imbalances are and how much of the inventories is being fed to the market amid Read more…
I warned yesterday that with a dearth of heavyweight data this week until Friday’s US CPI, we were likely to experience choppy trading, driven by swings in sentiment and headlines hitting the news ticker. Sure Read more…