CHF/JPY surged to a fresh record high today, driven primarily by accelerating Yen weakness and, to a lesser extent, renewed support for the Swiss Franc. The cross has become a focal point for markets expressing Read more…
The EUR/USD pair stabilised around 1.1658 on Tuesday, following a period of volatility over the preceding two sessions. Market focus remains firmly on the forthcoming US inflation data, which is expected to provide crucial clarity Read more…
The dollar resumed its growth after the lawsuit against the Fed chairman. Rumours of early elections in Japan drove up USDJPY quotes. ‘We’re screwed!’ — that’s how Donald Trump described the possible Supreme Court’s ruling Read more…
Key takeaways Rotation favours DJIA: Sector rotation since late December has driven the Dow Jones and Russell 2000 to outperform the S&P 500 and Nasdaq 100, reinforcing near-term relative strength in the DJIA. Bank earnings Read more…
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As the S&P 500 chart shows (US SPX 500 mini on FXOpen), the index touched 6,990 yesterday, marking an all-time high for the first time. The psychological 7,000 level is now within close reach. Optimism Read more…
Daily Pivots: (S1) 157.73; (P) 157.96; (R1) 158.41; More… USD/JPY’s rally accelerates higher today and intraday bias stays on the upside. Sustained trading above 161.8% projection of 142.66 to 150.90 from 145.47 at 158.80 will Read more…
Daily Pivots: (S1) 1.1625; (P) 1.1662; (R1) 1.1702; More…. Intraday bias in EUR/USD remains neutral for the moment. On the upside break of 1.1742 resistance will argue that pullback from 1.1807 has completed. Rise from Read more…
Daily Pivots: (S1) 1.3409; (P) 1.3447; (R1) 1.3504; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, break of 1.3567 will resume the rally from 1.3008 towards 1.3787 high. On the Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal It’s hard to think of a Read more…