There is an important battle for the long-term trend in the euro-dollar pair. The central bank speeches in Jackson Hole on Friday have enough potential to break or reinforce the direction of the past 11 Read more…
Daily Pivots: (S1) 1.2638; (P) 1.2702; (R1) 1.2788; More… Intraday bias in GBP/USD stays neutral for the moment. On the downside, firm break of 1.2613 and sustained trading below 1.2678 resistance turned support will argue Read more…
US initial jobless claims fell -10k to 230k in the week ending August 19, better than expectation of 241k. Four-week moving average of initial claims rose 2k to 238k. Continuing claims dropped -9k to 1702k Read more…
Market picture Crypto market capitalisation was up 1.6% over 24 hours to $1.066 trillion, with impressive gains on Wednesday afternoon. Following the strong rally in US tech stocks, buyers are gently picking up cryptocurrencies after Read more…
Market picture Crypto market capitalisation was up 1.6% over 24 hours to $1.066 trillion, with impressive gains on Wednesday afternoon. Following the strong rally in US tech stocks, buyers are gently picking up cryptocurrencies after Read more…
Recovery leg from $1884 (Aug 17/21 double-bottom) extends into fourth straight day and hit two-week high in early Thursday’s trading. Gold’s near-term action remains underpinned by weaker dollar and increased demand as traders await fresh Read more…
Daily Pivots: (S1) 183.16; (P) 184.55; (R1) 185.74; More… Intraday bias in GBP/JPY stays on the downside at this point. Fall from 186.75 short term top is in progress for 55 D EMA (now at Read more…
Markets Global PMI’s called off ongoing tests of key technical resistance levels (cycle highs) in core bond yields. Both the August EMU and UK composite gauges flashed the recession alarm, diving below the 50 boom/bust Read more…
Markets Global PMI’s called off ongoing tests of key technical resistance levels (cycle highs) in core bond yields. Both the August EMU and UK composite gauges flashed the recession alarm, diving below the 50 boom/bust Read more…
DXY: The DXY chart currently exhibits a bullish momentum, indicating a prevalent upward trend in the market. This bullish momentum is supported by the fact that the price is above a major ascending trend line, Read more…