AUDUSD was trimming Wednesday’s quick bounce from the 29-month low of 0.6362 during Thursday’s early European trading hours, but the completed doji candlestick pattern continued to feed hopes for an upside reversal. Given the price’s continuous contact Read more…
DAX falls as the mood sours ahead of German inflation data The DAX, along with its European peers, booked modest gains yesterday as the market mood improved following an intervention by the BoE into the Read more…
We talked about the situation on the DXY index a little more than two weeks ago. Apparently, its internal structure shows the completion of the global corrective trend, which took the form of a triple Read more…
Cable is standing at the back foot in early Thursday, signaling that two-day recovery on oversold conditions, which was sparked by strong downside rejection on Monday, might be running out of steam. Price adjustment on Read more…
EUR/USD The single European currency is trying to stop its depreciation against the U.S. dollar, and after hitting another rock bottom at 0.9535, the pair’s rate managed to settle above the two supports at 0.9570 Read more…
WTI rallies back as US crude stocks fell more than expected. A fall below 82.00 has renewed the pressure on the buy side by invalidating the recent rebound. Trend followers may take this as a Read more…
Bullion recoups losses as the greenback softens across the board. Still, the precious metal remains under pressure after the bulls gave up the critical floor around 1680. A brief consolidation was a signal that the Read more…
The US dollar retreats as traders take profits over a crowded trade. The RSI’s oversold situation on the daily chart shows exhaustion past parity and the dollar could use some breathing room. As the bias Read more…
Hallelujah! The Bank of England (BoE) jumped in the UK’s shattered sovereign market to buy long-term UK bonds yesterday, because apparently, they have been warned that collateral calls on Wednesday afternoon could force investors to Read more…
Market movers today Aside from the ongoing focus on the developments in the UK and the tensions against Russia, markets will look out for the German flash inflation figures for September ahead of the Euro Read more…