The Canadian dollar slipped after disappointing retail sales in November. A bearish RSI divergence at the recent high (91.15) indicates a loss of momentum in the rally. The first drop below 90.60 prompted some buyers Read more…
The Swiss franc rallied as traders poured into safe-haven currencies. The pair previously bounced off the critical floor (0.9090) on the daily chart. An oversold RSI in this demand zone brought in some buying interest. Read more…
The US 500 cash index has witnessed a pullback from its all-time high, reaching a 3-month low amid increasing negative forces. The index has also crossed below its 50- and 200-day simple moving average (SMA), Read more…
Last week was painful for investors, especially those with portfolios heavily tilted towards tech stocks and speculative assets like cryptocurrencies. The S&P 500 declined 5.7%, notching its third straight weekly loss, and closed below its Read more…
EUR/USD We still cannot witness a successful downward breach at the 1.1321 support zone as the bulls thwarted the breakout attempt during the previous trading session. At the time of writing, the currency pair is Read more…
USDJPY has been plunging since early January when it recorded a five-year high of 116.33. Despite posting a moderate rebound after the pair found its feet at the 113.47 level, the price dipped again as Read more…
Cryptocurrency prices continued their sell-off during the weekend as investors continued focusing on multiple events. For example, there are worries about the rising bond yields in the United States. Just last week, the ten-year bond Read more…
The Aussie Dollar started a fresh decline from well above 0.7270 against the US Dollar. The AUD/USD pair traded below the 0.7225 support to move into a bearish zone. The pair even traded below the Read more…
Markets Key US equity indices lost another 2% on Friday and more importantly high-level support marks. The S&P fell below the neckline of a triple top formation at 4495, suggesting more downward potential towards the Read more…
Market movers today Today’s highlight will be the flash PMIs for January in the euro area, UK and US. Services activity will likely continue to be adversely affected by renewed COVID-19 headwinds, but it will Read more…