USDJPY regained traction on Tuesday but remains within a congestion which extends into fourth consecutive day. Pullback from 2023 peak (150.16) was repeatedly limited by rising 20DMA (currently at 148.58) which signals strong bids. Larger Read more…
U.S. equity futures bumped higher Tuesday, building on yesterday’s gains, as Treasury yields retreated and risk markets around the world settled amid dovish rate signals from the Federal Reserve and overnight moves by Israel to Read more…
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Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed perhaps by some promising Fed commentary on Monday. It would appear the recent surge in bond yields hasn’t gone unnoticed Read more…
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Market picture Another attempt by Bitcoin to break above $28K triggered a wave of selling that took the price back to $27.2K at the peak of the decline. Interestingly, the pressure on Bitcoin came when Read more…
In an interview with franceinfo radio, ECB Governing Council member Francois Villeroy de Galhau affirmed that the current interest rates, pegged at a historical high of 4% after ten consecutive hikes, are positioned at a Read more…
GBPUSD pauses upturn from seven-month low Short-term signals are improving but threats exist GBPUSD has been stagnant around the 1.2235 barrier for two days, hindered by the 20-day simple moving average (SMA) and the resistance Read more…
EURJPY re-enters recent range after minor slump Held down by 50-day SMA and Ichimoku cloud Momentum indicators suggest a neutral-to-negative tone EURJPY has been in a prolonged uptrend since the beginning of the year, posting a fresh Read more…
The first day of October coincided with the first attempt of the bulls to overcome the resistance level of USD 28,000 per coin, but on the 2nd of October, the sellers showed their presence. Since Read more…