Gold whipsawed as markets await the Western response to the invasion of Ukraine. The rally accelerated after it broke above last June’s high at 1912. Momentum trading pushed the price to September 2020’s highs (1975) Read more…
The US dollar jumps as traders seek safe-haven assets over the Russia-Ukraine conflict. The pair struggled for bids after it turned away from the double top (116.20) and has been grinding down a falling trend Read more…
What’s happening in Ukraine is a Black Swan event; it’s worse than the worst-case scenario that has been put on paper over the past couple of months, and it’s clearly not a limited military operation, Read more…
EUR/USD The market corrected yesterday’s panic sell-offs as the pair managed to bottom out at 1.1107. This area can be defined as a weekly support. The previous support at 1.1170 was breached, but the session Read more…
American equities declined sharply in the overnight session as investors continued to focus on the ongoing crisis in Ukraine. On Thursday morning, Russia’s president announced that he was launching an attack on Ukraine. By the Read more…
Daily Pivots: (S1) 1.1096; (P) 1.1204; (R1) 1.1301; More… EUR/USD recovered after hitting 1.1105 but further fall is still expected with 1.1287 support turned resistance intact. Sustained break of 1.1120 will confirm resumption of larger Read more…
Daily Pivots: (S1) 1.3247; (P) 1.3399; (R1) 1.3524; More… GBP/USD recovered after hitting 1.3272, but further fall is still expected with 1.3485 support turned resistance intact. Current development suggest larger decline from 1.4240 is still Read more…
Daily Pivots: (S1) 0.9189; (P) 0.9239; (R1) 0.9305; More…. Intraday bias in USD/CHF remains neutral as range trading continues. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 Read more…
Daily Pivots: (S1) 114.73; (P) 115.21; (R1) 116.01; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, firm break of 116.34 will resume larger up trend from 102.58 to 118.65 long Read more…
Daily Pivots: (S1) 0.7094; (P) 0.7163; (R1) 0.7232; More… Intraday bias in AUD/USD remains neutral at this point. On the upside, decisive break of 0.7313 resistance will argue that correction from 0.8006 has completed at Read more…