Bears are consolidating above new seven-month low (1.1145, posted on last week’s 1.74% fall) on Monday, with limited bounce before larger bears regain full control, seen as likely scenario. Oversold stochastic on daily chart signals Read more…
The dollar index edges lower in early Monday’s trading, following last week’s 1.6% advance (the biggest weekly rally since early June 2021) that resulted in hitting the highest in 18 months. The greenback was lifted Read more…
Stock futures mixed in final session of bruising January trading; Amazon, Google and Facebook highlight another busy week of earnings on Wall Street; Citrix shares slide after reports of $13 billion private equity bid; Joe Read more…
Dollar defends gains, awaits barrage of US economic data Stocks bounce back, yen retreats as nerves calm down Three major central bank meetings and tech earnings lie ahead Risk tone improves Market volatility has returned Read more…
Eurozone GDP grew 0.3% qoq in Q4, slightly below expectation of 0.4% qoq. EU GDP grew 0.4% qoq. The 2021 annual growth was at 5.2% based on first estimation for both Eurozone and EU. Among Read more…
We continue to see significant volatility from the Australian dollar. Last week, AUD/USD plunged 2.51%, its worst week since mid-August. After three straight days of losses, the currency has roared back with gains of close Read more…
EUR/USD rebounds ahead of eurozone GDP and German inflation. AUD/USD rises ahead of RBA interest rate decision. EUR/USD looks to eurozone GDP and German inflation EUR/USD is capitalizing on a weaker USD at the start Read more…
NZDUSD continued its retreat in January reaching a 16-month low amid strong negative forces. Moreover, the pair is currently trading way below its 50- and 200-period simple moving averages (SMA), with the former crossing below Read more…
Gold has found some footing in the vicinity of the lower Bollinger band and recent trading session troughs, following a freefall in the commodity – due to a more aggressive message from the Federal Reserve Read more…
EURUSD rebounded off the 20-month low of 1.1120 that it posted in the previous week after the aggressive downside move below the short-term ascending trend line. Technically, the 20- and 40-day simple moving averages (SMAs) are ready for Read more…