USDCAD has been heading south over the last two weeks, reaching the 50.0% Fibonacci retracement level of the up leg from 1.2000 to 1.2960 at 1.2482. The price also declined beneath the long-term uptrend line Read more…
EUR/USD In the early hours of the European session, the single European currency continued its corrective move, which began at the end of the day on Monday this week, and reached the support of 1.1060. Read more…
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The US dollar held steady in the overnight session after President Putin signed a decree demanding that unfriendly countries pay for its oil in rubles. The decision puts most of its buyers, especially the European Read more…
The Dow Jones 30 retreats on profit-taking as the first quarter draws to an end. A bullish MA cross on the daily chart suggests that the rebound is picking up steam. The index hit resistance Read more…
The New Zealand dollar falls back as risk appetite subdues. The pair hit resistance under the psychological level of 0.7000 after it broke to a new high. The RSI’s overbought condition in this supply zone Read more…
The US dollar went sideways as February’s PCE fell short of expectations. The pair met stiff selling pressure around 1.3300, a supply zone next to the 30-day moving average. A break below 1.3120 may have Read more…
Markets The massive core bond yield surge eased or reversed after having experienced the worst month in many decades. European swap yields registered the biggest monthly jump since the creation of the EMU, even after Read more…
Intense selloff in crude oil pulled the price of a barrel to around the $100pb level, which is the critical 50-DMA support to the latest crude rally. The question is, whether Washington could reverse the Read more…
Daily Pivots: (S1) 1.2470; (P) 1.2501; (R1) 1.2539; More… Intraday bias in USD/CAD remains neutral for consolidation above 1.2428 temporary low. Further decline is expected as long as 1.2591 resistance holds. Corrective pattern from 1.2005 Read more…