“Builder sentiment has declined every month in 2022, and the housing recession shows no signs of abating,” the National Association of Home Builders said Monday. Home builder sentiment, deep in throes of its longest decline Read more…
Gold continues falling – by Monday 19 September, it has reached $1,664. Earlier, it rebounded from the resistance level at $1,680 to indicate how strong the bearish pressure still is. This week, investors are expecting Read more…
The Japanese yen is trading lower today. In the North American session, USD/JPY is trading at 143.52, up 0.44%. Japan’s Core CPI, a key inflation indicator, is expected to rise to 2.7% in August, up Read more…
Daily Pivots: (S1) 0.9961; (P) 0.9999; (R1) 1.0053; More… Intraday bias in EUR/USD stays neutral as range trading continues. Outlook also remains bearish. On the downside, firm break of 0.9863 support will resume larger down Read more…
Daily Pivots: (S1) 1.1355; (P) 1.1418; (R1) 1.1485; More… Intraday bias in GBP/USD stays on the downside for the moment. Current down trend should target 61.8% projection of 1.3748 to 1.1759 from 1.2292 at 1.1063. Read more…
Daily Pivots: (S1) 0.9610; (P) 0.9636; (R1) 0.9670; More Intraday bias in USD/CHF stays mildly on the upside. Current rise from 0.9478 would target 0.9868 resistance. Break there will argue that larger up trend is Read more…
Daily Pivots: (S1) 142.62; (P) 143.16; (R1) 143.47; More… USD/JPY is still staying in consolidation from 144.98 and intraday bias remains neutral. While deeper retreat cannot be ruled out, downside should be contained by 139.37 Read more…
The markets are relatively quiet today with Japan and the UK on holiday. Sentiment is on risk-off side, ahead of central bank rate hikes later in the week. The more notable moves are found in Read more…
EURCHF has been gaining some ground in the short term after its sharp decline came to a halt at the all-time low of 0.9530. However, the recent price recovery has been repeatedly held down by the descending 50-period simple Read more…
Ethereum plummets further today and the post “merge surge” decline extends. Deeper fall is expected as long as 1474.00 minor resistance holds. Next near term target is 100% projection of 2028.90 to 1418.47 from 1787.45 Read more…