Daily Pivots: (S1) 1.0820; (P) 1.0873; (R1) 1.0965; More….. EUR/USD’s strong break of 1.0947 resistance confirms resumption of the rise from 1.0665. Intraday bias remains on the upside for 100% projection of 1.0665 to 1.0947 Read more…
Global stock markets are in crash mode today, beginning with the massive historic -12.4% decline in Nikkei. Major European indexes are also trading deeply in the red, with losses around -3%, though these are overshadowed Read more…
As shown by today’s EUR/USD chart, the rate rose this morning to 1.096 – its highest level since mid-March. On one hand, this was driven by the weakness of the dollar. The USD fell sharply Read more…
As shown by the Nikkei 225 (Japan 225 on FXOpen) chart: → In less than a month, the index price has dropped by more than 25%, providing grounds to suggest the start of a bear Read more…
EUR/GBP – strong three day rally (the cross was up 2.1%) started to lose traction after hitting fresh high of nearly three months on Monday (0.8596). Overbought daily studies warn of partial profit taking following Read more…
The Japanese yen continues its recovery rally. The USDJPY pair falls to 143.38 on Monday. This development is likely only the midpoint of the process as the market regains past losses and brings the JPY Read more…
Global markets extend losses, Nikkei plummets, Nasdaq 100 enters correction territory. Selloff attributed to recession fears, profit-taking, and geopolitical tensions. Goldman Sachs raises recession odds, Australian government increases terrorism threat level. Nasdaq 100 technical analysis Read more…
The Australian dollar has taken a nasty spill to start off the trading week. AUD/USD dropped as much has 2.5% in the Asian session and fell to its lowest levels since November 2023. The Aussie Read more…
Nvidia shares tumbled in early Monday trading, extending the stock’s one-month decline to around 23%, amid a major pullback in global tech stocks and reports of a delay in the delivery of its newly-designed AI Read more…
Check back for updates throughout the trading day U.S. equity futures plunged lower Monday, while safe-haven Treasury bonds rallied and oil prices slumped to multi-month lows, amid a global market rout tied to recession fears, Read more…