Gold’s impressive appreciation stabilizes near record high The bulls might take a break, but stay in play above 2,100 Gold bulls staged a comeback with a bang, driving the price vertically as high as 2,141 Read more…
Eurozone retail sales volume rose 0.1% mom in January, matched expectations. The volume of retail trade increased for food, drinks, tobacco by 1.0%, decreased for non-food products (except automotive fuel) by -0.2%, increased for automotive Read more…
The dollar index holds in red but within a narrow range in early Wednesday, as traders reduce speed ahead of today’s key events, US labor data and the speech of Fed Chair Powell. Weaker than Read more…
Kiel Institute for the World Economy significantly downgraded its growth expectations for German economy, projecting a mere 0.1% increase in 2024, a sharp downward revision from its previous forecast of 0.9%. Slight improvement is anticipated Read more…
EUR/USD started a fresh increase above the 1.0828 resistance. USD/CHF declined and now struggling below the 0.8860 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro rallied after it broke the 1.0828 resistance Read more…
NZDUSD gets rejected after claiming 50-day SMA But the decline meets strong support at 200-day SMA Oscillators remain in their negative territories NZDUSD had been in a downtrend since its rejection at 0.6373, which is the Read more…
Daily Pivots: (S1) 190.29; (P) 190.69; (R1) 191.06; More….. Intraday bias in GBP/JPY remains neutral and range trading continues. Corrective pattern from 191.29 could still extend. Break of 188.02 minor support will bring deeper fall Read more…
Daily Pivots: (S1) 162.54; (P) 162.99; (R1) 163.38; More… EUR/JPY dips notably today as range trading from 163.70 extends. Intraday bias stays neutral first. On the downside, break of 161.67 minor support will bring deeper Read more…
Daily Pivots: (S1) 0.8534; (P) 0.8547; (R1) 0.8559; More… Range trading continues in EUR/GBP and intraday bias remains neutral first. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA Read more…
Daily Pivots: (S1) 1.6658; (P) 1.6702; (R1) 1.6735; More… Further rally is still expected in EUR/AUD with 1.6578 support intact, despite current retreat. Rise from 1.6127 should target 61.8% projection of 1.6127 to 1.6671 from Read more…