The Canadian dollar drifts lower as oil prices hit resistance. The latest rally came to a halt in the sell zone around 109.00. Still, on the daily chart, sentiment is extremely bullish after the loonie Read more…
The euro rallies as September’s retail sales in the eurozone beat expectations. A close above 0.9950 has prompted some sellers to cover their positions. Then a tentative break above 1.0090 shows strong buying interest which Read more…
Markets Markets had to rely on their own internal dynamics/technical considerations yesterday given the empty eco calendar. Both US and EMU yields initially hovered close to post-Fed peak levels, but forces of gravity came into Read more…
The US Dollar started a fresh decline from well above the 148.00 zone against the Japanese Yen. The USD/JPY pair traded below the 146.50 level to move into a short-term bearish zone. The pair traded Read more…
Gold surged notably on the back of selloff in the greenback, which came with rally in the US stocks. So far, the markets are expecting Republicans to take back control of the House after mid-term Read more…
Cryptocurrencies stumbled overnight with Bitcoin crashing to the lowest level since June, eyeing 2022 low. The moves came on news that Binanace offered to FTX’s non-US operations to fix “liquidity crunch”. Technically, current downside moment, Read more…
US stocks gained, the US yields and the dollar slid on the expectation that a divided landscape from the US midterms would support stocks, and soften the dollar. The results are still coming in. At Read more…
Market movers today This is a very quiet day in terms of data releases but we do get September industrial production data from Sweden in the morning. In the central bank calendar, we have ECB’s Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. Overnight, USDJPY continued its bearish Read more…
Key Highlights Gold price started a fresh increase above the $1,700 resistance. It broke a crucial bearish trend line with resistance near $1,650 on the 4-hours chart. Crude oil price failed to clear the $94 Read more…