EURUSD retained a strong footing around the 0.9700 level despite the flash drop to 0.9631 last week and the downside pressures near the 20-day simple moving average (SMA). The pair continued to trade with weak Read more…
The US 500 cash index posted a negative spike towards a fresh almost two-year low of 3,490 on Thursday but failed to finish the week beneath the 200-weekly simple moving average (SMA) around 3,600. Read more…
The USDJPY is consolidating under new 32-year high (148.85), following strong bullish acceleration last Friday, which broke and closed above key barrier at 147.68 (1998 peak). The pair advanced 2.3% last week (the biggest weekly Read more…
The Aussie Dollar started a fresh decline from the 0.6350 resistance zone against the US Dollar. The AUD/USD pair declined below the 0.6280 level to move into a bearish zone. There was a clear move Read more…
Equities slide as global uncertainties keep investors on their toes. The Dax 40 found support at the base of the bullish breakout (12000) from earlier this month. 12600 near the top of a previous rebound Read more…
The pound steadied after the firing of the UK’s finance minister. A rally above the previous high at 165.50 has prompted sellers to cover their positions. Improved sentiment leans towards a bullish continuation. September’s high Read more…
The US dollar consolidated over flat retail sales in September. The euro has struggled to secure bids after it turned lower from the daily resistance and parity level. Sentiment would remain bearish unless the buy Read more…
Markets Kwarteng’s sacking on Friday triggered a core bond relief rally with UK Gilts outperforming. Prime minister Truss appointed Jeremy Hunt as his successor and gave a press conference later in which she dropped an Read more…
Daily Pivots: (S1) 165.15; (P) 166.18; (R1) 167.34; More… Intraday in GBP/JPY remains on the upside for the moment retest 169.10 resistance. Firm break there will confirm larger up trend resumption. Next near term target Read more…
Daily Pivots: (S1) 143.80; (P) 144.33; (R1) 145.17; More…. Intraday bias in EUR/JPY stays on the upside for 145.62 resistance. Firm break there will confirm up trend resumption. Next target is 100% projection of 133.38 Read more…