The Canadian dollar finds support from hotter-than-expected inflation. The US counterpart remained under pressure after it failed to hold onto 1.2500. The RSI’s repeatedly oversold situation has attracted some buying interest. But timid rebounds have Read more…
AUDUSD is moving within the Ichimoku cloud and the short-term simple moving averages (SMAs), while in the bigger picture the price has been in an ascending channel since December 2021. The MACD oscillator is flattening Read more…
ECB President Christine Lagarde told France Inter radio inflation will “stabilize” and “ease gradually in the course of 2022. “. “The cycle of the economic recovery in the U.S. is ahead of that in Europe. Read more…
EUR/USD Following the unsuccessful test of the support level at 1.1320, the currency pair continued to trade in the range of 1.1320 – 1.1360, but in the early hours of today’s trading session, it is Read more…
US equities turned positive on Wednesday after strong quarterly earnings by Morgan Stanley, Bank of America, and Procter & Gamble. The two banks published better-than-expected results, which were helped by the rising loan growth and Read more…
Markets Yesterday morning it looked that EMU/German yields would catch up in the wake of the recent strong rise in US yields. The German 10-y yield moved temporarily into positive temporary for the first time Read more…
Daily Pivots: (S1) 155.28; (P) 155.76; (R1) 156.11; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Overall, further rise is still expected with 154.86 support intact. On the upside, decisive break of Read more…
Daily Pivots: (S1) 129.38; (P) 129.69; (R1) 129.97; More…. Intraday bias in EUR/JPY remains mildly on the downside at this point. Rebound from 127.36 could have completed at 131.59 already. Deeper fall would be seen Read more…
Daily Pivots: (S1) 0.8316; (P) 0.8329; (R1) 0.8345; More… Intraday bias in EUR/GBP stays on the downside at this point. Current down trend would target 0.8276 key long term support. On the upside, however, break Read more…
Daily Pivots: (S1) 1.5724; (P) 1.5799; (R1) 1.5839; More… Range trading continues in EUR/AUD and intraday bias remains neutral at this point. On the downside, break of 1.5559 will resume the fall from 1.6168 to Read more…