Gold prices have been in a declining movement since the pullback off the 1,786 resistance level; however, the bullish crossover within the 20- and the 50-day simple moving averages (SMAs) are suggesting more upside structure in Read more…
Markets Boston Fed Collins joined the growing chorus of Fed officials trying to reshape market expectations. She said rates need to rise further and even kept the possibility of a 75 bps move on the Read more…
Daily Pivots: (S1) 1.0311; (P) 1.0359; (R1) 1.0412; More… Intraday bias in EUR/USD stays neutral at this point, as consolidation from 1.0481 is extending. Downside of retreat should be contained by 1.0092 resistance turned support Read more…
Daily Pivots: (S1) 1.1766; (P) 1.1862; (R1) 1.1961; More… GBP/USD is still extending the consolidation pattern from 1.2028 and intraday bias stays neutral. Further rise is expected as long as 1.1644 resistance turned support holds. Read more…
Daily Pivots: (S1) 0.9514; (P) 0.9534; (R1) 0.9568; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.9355 is extending. Further decline is expected as long as 0.9680 resistance holds. Break of 0.9355 will Read more…
Daily Pivots: (S1) 139.84; (P) 140.17; (R1) 140.70; More… Intraday bias in USD/JPY remains neutral for the moment as consolidations from 137.66 is extending. Further decline is in favor as long as 142.45 minor resistance Read more…
Daily Pivots: (S1) 1.3322; (P) 1.3366; (R1) 1.3430; More…. Intraday bias in USD/CAD remains neutral for the moment. On the upside, firm break of 1.3494 will indicate that correction from 1.3976 has completed at 1.3224, Read more…
Commitment of traders – as of Tuesday 15th November 2022: Traders were net-short USD for the first time since July 2021, according to IMM (International Monetary Market) Net-long exposure to DXY futures was at its Read more…
Stocks in Asia fell this Monday on news that China reported its first death in six months from Covid on Sunday, and two other deaths followed. The news obviously spurred fear that the government could Read more…
Market movers today A quiet start to another week where central banks remain on the spotlight. German October Producer Price Index will be released today, and in the evening Fed’s Daly will be on the Read more…