The USDJPY accelerated sharply higher on Thursday and broke above psychological 130 barrier, to hit 20-year high and test pivotal Fibo barrier at 130.65 (76.4% retracement of 1998/2011 147.68/75.55 downtrend. The Japanese yen is in Read more…
Bitcoin found buyers’ support Wednesday morning after touching levels below $38K, followed by a relatively calm rise to $39.4K as of Thursday morning with a strengthening of 2.4% in 24 hours. Ethereum added 1.4% over Read more…
WTI oil futures are trading around the mid-Bollinger band, which is currently north of the 100.00 border, after the commodity found positive traction prior to reaching the lower Bollinger band. The climbing longer-term 100- and Read more…
Offshore Chinese Yuan’s decline resumes today with USD/CNH hitting as high as 6.637 so far. Earlier this week, PBoC announced to cut the foreign exchange reserve ratio by 100bps from 9% to 8%. That was Read more…
American stocks rose on Wednesday as the earnings season continued. The Dow Jones index rose by 326 points while the Nasdaq 100 and S&P 500 rose by more than 1%. Companies that performed well were Read more…
In remarks to a Committee of the European Parliament, ECB Vice President Luis de Guindos said, Russian invasion of Ukraine has “cast a dark shadow over” Europe, as a human tragedy and affecting the economy. Read more…
WTI crude found support from a lower-than-expected increase in stockpiles. The price has held well around 94.00 at the base of the flag consolidation from the daily chart. The uptrend is still intact and the Read more…
The Canadian dollar struggles as risk appetite remains fragile, in regard to commodity currencies. The bulls did not waste time after they pushed through the supply zone near 1.2650. A combination of short-covering and momentum Read more…
The US dollar continues upwards as traders pour in before the Fed hike next week. A bullish MA cross on the daily chart indicates an acceleration to the upside after a break above April 2021’ Read more…
EUR/USD The EUR/USD’s collapse continues despite the pair being extremely oversold. However, the bulls managed to limit the sell-off to slightly above the critical support at 1.0500, which was last reached in 2017. The most Read more…