WTI oil price remains in red for the third straight day, deflated by growing hopes of a ceasefire agreement in the Middle East and rising US crude inventories. Also, stubbornly high US inflation continues to Read more…
Check back for updates throughout the trading day U.S equity futures extended declines Wednesday, following on from the first monthly decline for the S&P 500 since last autumn, as investors braced for a hawkish statement Read more…
UK PMI Manufacturing was finalized at 49.1 in April, down from March’s 50.3. This decline was also reflected in four key areas: output, new orders, employment, and stocks of purchases. Furthermore, input price inflation hit Read more…
Gold trends lower in the short-term picture, near oversold territory Stronger buying needed above 2,355 for a bullish outlook FOMC policy announcement due today at 18:00 GMT Gold bears took control on Tuesday, pressing the Read more…
USDJPY jumps to its highest level since April 1990 A suspected Japanese intervention does not have meaningful impact Oscillators exhibit a divergence regarding overbought conditions USDJPY has been in a steady uptrend since the beginning Read more…
EUR/USD started a fresh decline below the 1.0695 support. USD/CHF is rising and might aim a move toward the 0.9250 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the Read more…
Market Picture Bitcoin’s closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level. Bitcoin ended April down 15.5% Read more…
Daily Pivots: (S1) 196.27; (P) 196.82; (R1) 197.70; More.. GBP/JPY is extending consolidation from 200.53 and intraday bias remains neutral. Outlook will remain bullish as long as 193.51 resistance turned support holds. Firm break of Read more…
Daily Pivots: (S1) 167.45; (P) 168.02; (R1) 168.82; More… EUR/JPY is extending consolidation from 171.58 short term top and intraday bias remains neutral. Overall outlook will remain bullish as long as 165.33 resistance turned support Read more…
Daily Pivots: (S1) 0.8527; (P) 0.8541; (R1) 0.8553; More… Intraday bias in EUR/GBP is turned neutral with current recovery. Some consolidations would be seen above 0.8529 temporary low. But further decline is expected as long Read more…