WTI oil was firmer in early Tuesday trading following a roller-coaster ride on Monday, when oil fell over 6% and recovered all losses on subsequent quick bounce. The news that China is imposing fresh package Read more…
The Japanese yen has stabilized on Tuesday and is trading at 141.58, down 0.37%. USD/JPY rocketed higher on Monday, gaining 1.2%. BoJ Core CPI jumps to 2.7% With inflation continuing to gain traction in Japan, Read more…
DAX falls as China worries persist The DAX close lower yesterday and is extending losses today as worries over rising COVID cases in China continue to undermine confidence. Cases are sitting at a six-month high, Read more…
RBA Governor Philip Lowe reiterated in a speech that the Board expects to “interest rates further over the period ahead”, and interest rate is “not on a pre-set path”. “We have not ruled out returning Read more…
GBPUSD has been stuck in a prolonged downtrend since the beginning of the year, plummeting to an all-time low of 1.0324 in mid-September. Nevertheless, the pair has exhibited signs of recovery in the short term, Read more…
EURJPY is meeting the 20-day simple moving average (SMA) after several days of hovering within the short-term SMAs. In the broader outlook, the market is still moving above the long-term ascending trend line, endorsing the Read more…
Markets The by far most eyepopping market move yesterday happened in oil. Prices whipsawed with swings of more than 6% on reports which were later denied that OPEC would consider a 500k production increase in Read more…
Daily Pivots: (S1) 0.9795; (P) 0.9827; (R1) 0.9855; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to 1.0072 fibonacci Read more…
Daily Pivots: (S1) 0.8648; (P) 0.8673; (R1) 0.8687; More… Intraday bias in EUR/GBP stays mildly on the downside at this point, for retesting 0.8570 support. Firm break there will resume whole decline from 0.9267. On Read more…
Daily Pivots: (S1) 1.5450; (P) 1.5499; (R1) 1.5552; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. Consolidation from 1.5704 could extend and another fall cannot be ruled out. But downside should be Read more…