Despite GBP/USD managing a gain of 0.19% on the week, the weekly candlestick formation wasn’t the thick body that would give confidence of any sort of big range breakout this week. GBP/USD had an inconclusive Read more…
US equities crashed sharply on Friday as investors reacted to the latest warning by the US intelligence on Russia’s activity near Ukraine. In a statement, the agencies said that Russia had amassed enough troops near Read more…
EUR/USD At the end of last week, the euro was sold off and the pair broke the support at 1.1400. The corrective phase has deepened and is currently limited by support 1.1330. The market is Read more…
The Dow Jones 30 struggled as white-hot US inflation fanned fears of aggressive rate hikes. Nonetheless, a break above the 30-day moving average on the daily chart indicates improved market sentiment. An overbought RSI prompted Read more…
The pound may find support from Britain’s upbeat GDP in Q4. A break above January’s high at 157.70 suggests that the bulls have reclaimed control of price action. The next challenging task is to push Read more…
The US dollar rises as traders seek safe haven amid tensions in Ukraine. The pair is grinding up along a rising trendline from support at 0.9180. A series of higher lows suggests strong buying interest. Read more…
Markets Souring risk sentiment during Friday’s US trading session eventually offered some relief for ailing US Treasuries. Ahead of late-session, safe haven rebound, the US Note future approached the post-CPI sell-off low after Michigan consumer Read more…
Daily Pivots: (S1) 1.1308; (P) 1.1370; (R1) 1.1409; More… Intraday bias in EUR/USD remains neutral for the moment. Further rise will remain mildly in favor as long as 1.1265 minor support holds. On the upside Read more…
Daily Pivots: (S1) 1.3515; (P) 1.3562; (R1) 1.3609; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, break of 1.3642 will resume the rebound to 1.3748 resistance. Firm break there will Read more…
Daily Pivots: (S1) 0.9226; (P) 0.9256; (R1) 0.9274; More…. Intraday bias in USD/CHF remains neutral, at this point as range trading continues. Overall, further rally is mildly in favor as long as 0.9090 support holds. Read more…