Cable edges lower in early Friday’s trading as bulls continue to face headwinds and repeatedly failing to sustain gains above 1.24 mark, keeping the price action in sideways mode for one week. Strong barrier at Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect the price Read more…
The S&P 500 rallies as upbeat US GDP eases fears of an economic downturn. On the daily chart, a close above the psychological level of 4000 and a bullish MA cross suggest that sentiment could Read more…
The Japanese yen strengthened after Tokyo CPI beat expectations. On the daily chart, the pair is in a horizontal range between 137.60 and 142.90 as it tries to keep the uptrend intact in the medium-term. Read more…
The US dollar builds a base ahead of the Fed rate decision next week. An initial pop above 0.9240 has prompted short-term sellers to cover some of their bets. Though 0.9280 along the 30-day moving Read more…
Markets US and European yields yesterday continued the bottoming out process that started earlier this week as investors are counting down to next week’s Fed and ECB policy meetings. The US Q4 GDP report was Read more…
US equities rallied on Thursday, boosted by a decent rally in Tesla and Chevron stocks, and a better-than-expected GDP read in the US. The latest US GDP update was a strong beat. The US economy Read more…
Market movers today In the US, household spending probably declined in December, with high-frequency indicators suggesting that services demand slowed toward year-end. In Scandinavia, retail sales for December are on the agenda in Sweden and Read more…
Daily Pivots: (S1) 160.51; (P) 161.13; (R1) 162.23; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 155.33 low will resume the fall form 172.11 to 153.70 fibonacci level Read more…
Daily Pivots: (S1) 0.8760; (P) 0.8788; (R1) 0.8802; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside firm break of 0.8896 will resume the rise from 0.8545 and target 61.8% projection Read more…