Ukraine tensions and FOMC minutes in focus; dollar rises As the United States fears that an invasion may be approaching, tensions over Russian forces stationed near Ukraine are entering what might be a pivotal week. Read more…
The major currency pair is consolidating in mid-February. On Monday, 14 February 2022, the asset is trading at 1.1340. Investors are still impressed by the January inflation data from the US. The CPI showed 7.5% Read more…
Daily Pivots: (S1) 114.91; (P) 115.55; (R1) 116.07; More… Intraday bias in USD/JPY stays mildly on the downside for the moment. Corrective pattern from 116.34 is in its third leg. Deeper fall would be seen Read more…
Daily Pivots: (S1) 0.9226; (P) 0.9256; (R1) 0.9274; More…. Range trading continues in USD/CHF and intraday bias remains neutral for the moment. Overall, further rally is mildly in favor as long as 0.9090 support holds. Read more…
Daily Pivots: (S1) 1.3515; (P) 1.3562; (R1) 1.3609; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, break of 1.3642 will resume the rebound to 1.3748 resistance. Firm break there Read more…
St. Louis Federal President James Bullard repeated his view Monday that the central bank needs to raise rates by 1% between now and July 1. Updated at 9:09 am EST St. Louis Federal Reserve President Read more…
Daily Pivots: (S1) 1.1308; (P) 1.1370; (R1) 1.1409; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further rise will remain mildly in favor as long as 1.1265 minor support holds. On the Read more…
While risk aversion still dominates, sentiments appeared to be lifted by comments from Russian Foreign Minister Sergei Lavrov. In a televised exchanged, Lavrov told President Vladimir Putin, “I must say there are always chances… It Read more…
In this technical blog we’re going to take a quick look at the Elliott Wave charts of NZDUSD. The pair has reached extremes in the cycle from the February 2021 peak. However cycle from the Read more…
Stocks are coming down at the start of the European sessions due to geopolitical uncertainties over Ukraine. We see USD moving higher at the same time. Even crude oil has slowed down which can be Read more…