USDJPY is in uptrend, but extreme overbought condition, slow down on US yields and also some speculation regarding BoJ JPY intervention puts a strong resistance in play on USDJPY. In fact, the pair has five Read more…
WTI oil price fell nearly 5% on Monday, extending weakness well below psychological $100 level and hitting the lowest in two weeks. Oil came under increased pressure on concerns that extended lockdowns in Shanghai and Read more…
Wood’s flagship fund has seen an inflow of investment dollars this year, despite falling in value. Renowned investor Cathie Wood, chief executive of Ark Investment Management, on Friday bought some of her old favorite stocks, Read more…
Spot gold accelerated lower on Monday, losing more than 1.5% and probed below $1900 mark for the first time in more than three weeks. Robust US dollar, which holds near the two-year high against the Read more…
Markets Risk aversion haunts trading today, though markets are off worst/best intraday levels. The accelerating Chinese Covid-outbreak prompted authorities to close down parts of Beijing and adds to global growth worries. European equity markets currently Read more…
A classic Las Vegas has property has followed Fremont Street’s Circa in making a big change. In the mid-1990s Las Vegas made an ill-fated effort to market itself as a family destination. That move made Read more…
Daily Pivots: (S1) 1.0763; (P) 1.0808 (R1) 1.0843; More… Intraday bias in EUR/USD stays on the downside for the moment. Current down trend should now target 100% projection of 1.1494 to 1.0805 from 1.1184 at Read more…
Daily Pivots: (S1) 0.9534; (P) 0.9564; (R1) 0.9599; More…. Outlook in USD/CHF is unchanged and intraday bias stays on the upside. Sustained break of 0.9591 medium term projection level will pave the way to next Read more…
Daily Pivots: (S1) 127.83; (P) 128.47; (R1) 129.20; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Consolidation from 129.39 is extending and deeper retreat cannot be ruled out. But downside should be Read more…
Daily Pivots: (S1) 1.2763; (P) 1.2899; (R1) 1.2976; More… Intraday bias in GBP/USD remains on the downside as down trend continues. Next target is 100% projection of 1.3641 to 1.2999 from 1.3297 at 1.2655. Sustained Read more…