Daily Pivots: (S1) 181.60; (P) 181.98; (R1) 182.67; More… Intraday bias in GBP/JPY remains neutral for the moment. The favored case is still that correction from 186.75 has completed at 178.02. Above 183.79 will resume Read more…
GBP/USD is attempting a recovery wave from 1.2090. USD/CAD is rising and might aim for a move above the 1.3720 resistance zone. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is struggling Read more…
Markets Risk aversion was name of the game last Friday as weekend uncertainty loomed over the Israeli-Hamas conflict. European stock markets lost over 1.5% with new sell-off lows for the likes of the EuroStoxx 50. Read more…
Daily Pivots: (S1) 1.3679; (P) 1.3706; (R1) 1.3743; More…. Intraday bias in USD/CAD remains neutral at this point, and consolidation from 1.3784 could extend further. On the upside, decisive break of 1.3784 resistance will resume Read more…
Daily Pivots: (S1) 0.6296; (P) 0.6315; (R1) 0.6332; More… Intraday bias in AUD/USD remains neutral as consolidation form 0.6284 could extend further. But downside breakout is expected with 0.6444 resistance intact. ON the downside, firm Read more…
Daily Pivots: (S1) 1.0571; (P) 1.0588; (R1) 1.0610; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0447 could extend further. But downside breakout remains in favor with 1.0539 resistance intact. On the downside, Read more…
Chinese Shanghai SSE Composite continue its descent below the psychological 3000 handle today, Copper has been dragged along in the downward spiral. The string of arrests and the investigation, over the weekend, into Foxconn Technology Read more…
AT A GLANCE Despite the growing specter of higher benchmark rates and a strong U.S. economy, gold prices remain highJoseph Stefans, MKS PAMP Group Head of Trading, shares his views on gold in an interview Read more…
Key Highlights EUR/USD is attempting a recovery wave above the 1.0550 resistance. A key contracting triangle is forming with resistance near 1.0600 on the 4-hour chart. Gold prices are correcting gains after rising toward $2,000. Read more…
Bitcoin, in today’s subdued Asian trading session, has shown promising signs of firmly grasping 30k level finally. Last week, the digital currency experienced a brief yet sharp ascent, triggered by a false report of the Read more…