EURJPY has quickly recovered Friday’s drop to a two-week low of 129.77, bouncing back above its simple moving averages (SMAs) and the 50% Fibonacci level of the October-November downfall. Despite the positive correction, downside risks Read more…
Asian shares were a mixed bag on Tuesday due to the absence of cues from Wall Street following a national holiday in the United States. But European and U.S. equity futures are flashing red amid Read more…
The Dax 40 consolidates as the eurozone’s finance ministers meet. The double top at the all-time high (16300) is a strong resistance to crack. A break below 15860 has prompted some buyers to exit and Read more…
The Canadian dollar inched higher supported by rising oil prices. The pair has given up all gains from the December rally above the daily resistance at 1.4550. Sentiment is struggling to turn things around. The Read more…
The euro retreated as short-term traders took profit. After a six-week-long consolidation, the euro soared above the supply area at 1.1380 and forced the bears to cover in mass. As the dust settles, a bearish Read more…
EUR/USD The bears established themselves on the market and, during the last trading session from the previous week, the currency pair underwent a sell-off, which almost completely erased the previously won positions. At the time Read more…
In the post meeting press conference, BoJ Governor Haruhiko Kuroda said, “consumer inflation is likely to stay around 1% through the end of the BoJ’s projection period. As such, there is no need to modify Read more…
Markets Markets took a slow start to the trading week yesterday as US investors were absent due to the Martin Luther King holiday. On other major developed markets, the news flow was thin. European equities Read more…
UK payrolled employees rose 184k to 29.5m in December. The number was up 409k on pre-pandemic level back in February 2020. All region are now above pre-coronavirus levels. For September to November period, comparing to Read more…
The price of crude oil held steady close to a seven-year high as investors remained optimistic about the rising demand. Brent rose to $86.71, meaning that it has jumped by 10% this year. WTI, the Read more…