Shanghai city’s authorities allowed some institutions to resume work after no new coronavirus cases. So that’s positive for stocks that were higher recently. Also, FED and ECB are ready for higher rates if data will Read more…
American stocks rose on Tuesday as the recovery rally continued. The Dow Jones rose by more than 175 points while the tech-heavy Nasdaq 100 index rose by more than 1.1% as the tech rally continued. Read more…
USDJPY is heading sideways, back and forth of the 20-day simple moving average (SMA) slightly above the 129.00 round number. The weak momentum is mirroring in the technical indicators as well, as the RSI is Read more…
EUR/USD The pair marked а third consecutive day of gains as yesterday’s session ended near the highs for the day. Trading has again resumed in the range between the support at 1.0482 and the resistance Read more…
Gold inched higher as the US dollar index pulled back from a two-decade high. The price action has stabilised near January’s lows at 1790. A bullish RSI divergence indicates a loss of bearish momentum in Read more…
The yen recouped some losses after Japan’s GDP growth beat expectations in Q1. The US dollar is taking a breather after a prolonged rally. The latest retreat has found support at 127.50 over the 30-day Read more…
The pound surged after the UK saw a jump in average earnings over the past three months. Solid bullish momentum above 1.2400 has prompted sellers to cover their positions, exacerbating volatility in the process. The Read more…
Daily Pivots: (S1) 159.65; (P) 160.75; (R1) 162.70; More… Intraday bias in GBP/JPY remains neutral first. Risk will stay on the downside as long as 162.16 minor resistance holds, as correction from 168.40 could extend. Read more…
Daily Pivots: (S1) 135.09; (P) 135.89; (R1) 137.28; More…. Intraday bias in EUR/JPY remains neutral first. Corrective fall from 139.99 could still extend lower. Below 132.63 will target 61.8% retracement of 124.37 to 139.99 at Read more…
Daily Pivots: (S1) 0.8402; (P) 0.8438; (R1) 0.8484; More… Intraday bias in EUR/GBP remains neutral for the moment. With 0.8365 support intact, further rise is still in favor. On the upside, break of 0.8617 will Read more…