The JP225 cash index has had a muted start in 2023 compared to other equity indices. It is trading in the tight 25,603-26,550 range lacking a clear direction. The Average Directional Movement Index (ADX) is currently trading below 25, Read more…
EURGBP is testing the 0.8895 resistance level, remaining well above the short-term simple moving averages (SMAs). Moreover, the price rebounded after it found support near the 0.8830 barrier, enhancing the argument that the picture may Read more…
GBPUSD has been attempting a rebound since September when the pair recorded an all-time low of 1.0324. Even though the price experienced a minor pullback after its advance got rejected at 1.2445, the recent completion of a golden Read more…
US Oil suggests the formation of a triple zigzag pattern Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary waves Ⓦ-Ⓧ-Ⓨ seem to be fully completed. In the last section of the chart, we see the formation of an ascending primary Read more…
The Nasdaq 100 rallies as improved US consumer sentiment showed a falling inflation outlook. The direction remains up as pullbacks have been met with enthusiasm so far. The index is pushing into the supply zone Read more…
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Silver steadies as traders continue to dump the US dollar. The price is testing the support-turned-resistance at 24.50 from last April’s sharp sell-off. The previous test caused a limited fallback, but a bounce off 23.20 Read more…
The US dollar struggles on speculation that the Fed is nearing the end of its tightening. The pair is holding on to its gains after breaking above May’s high of 1.0780. A bearish RSI divergence Read more…
Markets Yesterday’s most striking market move happened in the gas market. Europe’s main reference, the Dutch TTF future, dropped more than 14% to the lowest level since September 2021 (55.45 €/MWh). Well-filled storage sites and Read more…
Daily Pivots: (S1) 156.17; (P) 156.62; (R1) 157.20; More… Intraday bias in GBP/JPY is turned neutral first as it recovered ahead of 155.33 support. Outlook will remain bearish as long as 161.22 resistance holds. Decisive Read more…