AUDUSD eases further on Monday and breaks below 200DMA which marks approximately the mid-point of 0.6525/0.6620 congestion, in which the pair is holding for the fifth straight day. Near-term action lacks clear direction signal while Read more…
Bounce from last Thursday’s multi-month low and a bear-trap, extends into second consecutive day and accelerates on Monday. The dollar benefited from stronger than expected US jobs data in November, which shifted the view about Read more…
Markets The Japanese yen last week grabbed a lot of market attention over speeches by the Bank of Japan’s number 1 (governor Ueda) and shared number 2 (deputy governor Himino). Both fanned speculation over an Read more…
Apple (AAPL) – Get Free Report the stock is trading in the vicinity of its record, hovering at $195 a share against its closing high of $196.45, set on July 31. The stock accelerated back beyond Read more…
Daily Pivots: (S1) 1.0722; (P) 1.0762; (R1) 1.0799; More… Further decline remains in favor in EUR/USD despite loss of downside momentum. Sustained trading below 55 D EMA (now at 1.0770) will extend the fall from Read more…
Daily Pivots: (S1) 1.2500; (P) 1.2551; (R1) 1.2600; More… Further decline remains mildly in favor in GBP/USD despite today’s recovery. Fall fall 1.2731 short term top would extend to 55 D EMA (now at 1.2445). Read more…
Daily Pivots: (S1) 0.8754; (P) 0.8788; (R1) 0.8834; More…. USD/CHF’s rebound from 0.8665 short term bottom is still in progress. Intraday bias stays on the upside for 0.8886 support turned resistance first. Decisive break there Read more…
Daily Pivots: (S1) 143.18; (P) 144.20; (R1) 145.89; More… While USD/JPY’s rebound from 141.59 is strong, outlook is unchanged for the moment. Upside should be limited be 147.14 support turned resistance. On the downside, below Read more…
Yen’s near-term pullback has notably accelerated today. Some reports surfaced suggesting that the BoJ is not poised to abandon its negative rate policy anytime soon, with the earliest potential shift expected no sooner than April Read more…
Market Picture A wave of profit-taking hit the cryptocurrency market on Monday morning. It seems that the failure of cryptocurrencies to rise over the weekend caused players to pull stop orders very close to market Read more…