Cable cracks 1.36 barrier in early Monday’s trading, maintaining positive stance following last Friday’s jump on well below expectations US non-farm payrolls data. Bullish setup of daily MA’s underpins the action, along with positive signal Read more…
EUR/USD tests key resistance The US dollar retreated after December’s Nonfarm Payrolls came in far below expectations. The pair has been in a narrowing range between 1.1270 and 1.1365. The previous fall below 1.1280 added Read more…
Eurozone Sentix Investor Confidence rose from 13.5 to 14.9 in January, above expectation of 12.0. Current Situation Index rose from 13.3 to 16.3. Expectations Index dropped slightly from 13.8 to 13.5. Sentix said, “our fundamentally Read more…
Gold’s downside forces have paused a tad beneath the 1,800 mark with the price resting on the 100-period simple moving average (SMA). A more neutral trajectory is being endorsed by the lack of trend in Read more…
Stock investors across the globe are eagerly awaiting the next US inflation report due on Wednesday. Rising bond yields and earlier anticipation of stimulus withdrawal dragged US equities lower last week with the S&P 500 Read more…
EURUSD resumed its negative momentum during Monday’s early European trading hours after barely closing above the restrictive 50-day simple moving average (SMA) on Friday at 1.1359. As long as the ascending trendline is building the soft upward Read more…
The US 500 stock index (cash) has been plummeting in the four-hour chart since its upside trajectory peaked at the all-time high of 4,817. Moreover, the price crossed beneath both its 50-period simple moving average (SMA) and the Ichimoku cloud, further reinforcing the index’s imminent Read more…
EUR/USD Current level – 1.1345 The pair is still in the range-bound movement that began in late November and it seems that neither party is ready to take the initiative. On the higher time frames, Read more…
The EURUSD pair soared to the highest level since January 3 as investors reacted to mixed US non-farm payrolls (NFP) data. Data published on Friday revealed that the American economy added just 199k jobs in Read more…
Markets Friday’s trading session revolved around US payrolls and EMU inflation. The former showed below-consensus job creation but faster-than-expected wage increases (0.6% m/m). Armed with the separate, strong household survey (unemployment rate fell to 3.9%), Read more…