Daily Pivots: (S1) 0.9751; (P) 0.9774; (R1) 0.9810; More…. EUR/CHF is losing downside momentum again. But further decline is still expected as long as 0.9948 resistance holds. Current down trend should target 0.9650 long term Read more…
The major cryptocurrencies have been steadily climbing since mid-June, recovering somewhat from the heavy losses suffered from April and emulating the stock rebound on Wall Street. Bitcoin has gained a healthy 30% from the June Read more…
WTI oil futures (September delivery) have been losing ground since early June when the price failed to surpass the 121.00 mark. However, a further decline has been rejected multiple times by the 200-day simple moving Read more…
Bitcoin has surpassed the $23170 mark, adding more than 9% in the past 24 hours. Ethereum jumped 13% to $1640. Other leading altcoins in the top 10 have gained between 6% (BNB) and 15% (Polkadot). Read more…
USDCAD seems to be forming a long-term correction wave (4) of the intermediate degree, which is part of the global downward impulse –– of the primary degree. Perhaps the correction wave (4) is a side Read more…
AUDUSD is surging above the medium-term descending trend line, adding some optimism for a short-term bullish bias. The simple moving averages (SMAs) are also confirming this move as they are pointing upwards, and the technical Read more…
You had the feeling that Wall Street, with perpetually itchy buy-button trigger fingers, was primed for this FOMC. As expected, the FOMC raised the Fed Funds target by 0.75%, to a target range of 2.25%-2.50%. Read more…
EUR/USD Wednesday’s expectations for low volatility ahead of the Fed’s decision were realised. The Euro moved steadily higher around the opening of the European session, reaching its key level of 1.0170, but quickly corrected the Read more…
The S&P 500 soared as the Fed dropped the dreadful option of a full percentage rate hike for now. From the daily chart’s perspective, the market mood is cautious at best. However, there might still Read more…
WTI crude bounces higher as US inventories show a larger-than-expected rise. The price is having a hard time holding onto its recent gains after it broke below last April’s low at 94.00. Sentiment has turned Read more…