Gold jumps higher on the back of geopolitical risks This is the first reaction from the bulls after the strong sell-off Upleg could have legs if momentum indicators align Gold is trading higher today as Read more…
Gold opened with a gap higher, starting trading on Monday at $1850 zone, after closing on Friday at $1832. Growing uncertainty over spiraling violence in the Middle East prompted traders into safer assets and strongly Read more…
Aussie with ticker AUDUSD has been bearish since start of the year, with a higher degree A-B-C decline that can be coming into some important support at the 78.6% Fib level. In fact, notice that Read more…
Markets September US payrolls confirmed that demand for labour remains much stronger than what is needed for inflation to sustainably return to the Fed’s target anytime soon. The US economy added another 336k jobs (170k Read more…
DXY: The DXY (US Dollar Index) chart currently maintains an overall bullish momentum with a potential for price to bounce off the 1st support level and the lower channel line of the bullish ascending channel Read more…
Capital flows into the safety of US dollar and gold this morning, while oil is up almost 4% after Hamas’ unexpected attack on Israel wreaked havoc in the region last Friday, and tensions have been Read more…
Market movers today Main focus this week will be the US CPI report on Thursday where we look for a below consensus reading on core CPI of 0.2% m/m (consensus 0.3% m/m). In the Nordics Read more…
Daily Pivots: (S1) 181.36; (P) 182.17; (R1) 183.49; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside, firm break of 183.00 will argue that the pull back from 187.65 has completed, Read more…
Daily Pivots: (S1) 156.94; (P) 157.61; (R1) 158.71; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 158.464 will argue that the pull back has from 159.75 is Read more…
Daily Pivots: (S1) 0.8640; (P) 0.8651; (R1) 0.8662; More…. Intraday bias in EUR/GBP remains neutral as range trading continues. On the upside, decisive break of 0.8700 resistance will carry larger bullish implication and bring stronger Read more…