WTI reversed from support area Likely to rise to resistance level 100.00 WTI crude oil currency pair recently reversed up from the support area located between the key support level 93.40 (which has been reversing Read more…
EURJPY has been experiencing a decline in the last few daily sessions after its latest advance paused at the 142.31 region. Although the pair managed to cease its drop, its upside remains capped by the Read more…
Near-term range is narrowing the Euro turned into directionless mode ahead of this week’s key event – FOMC policy meeting, which is eyed for fresh signals. Near-term action is extending into third consecutive daily Doji Read more…
Since the last Fed meeting, there have been some pretty wide variations on expectations. Initially, it was thought that the Fed’s latest 75bps hike was a one-off. Then inflation data came out, and that changed Read more…
USD/JPY slips post BoJ minutes ahead of US consumer confidence USD/JPY rose yesterday, snapping a two-day losing steak, boosted by the broadly upbeat market mood. Today USD/JPY is holding over 136.00 as investors digest the Read more…
Russia’s Gazprom announced that it will slow flows on its Nord Stream 1 pipeline and that they will halt another turbine in the pipeline to Germany, which will reduce the flow to just 20% of Read more…
Asian markets edged higher on Tuesday, drawing support from China’s technology sector as investors braced for another busy and potentially volatile week for financial markets. Overnight, Wall Street delivered a mixed performance thanks to the Read more…
In the latest monthly report, Japan’s Cabinet office upgraded its assessment slightly, and noted that “the Japanese economy is picking up moderately.” That compared to showing signs of picking up in previous report. But the Read more…
Daily Pivots: (S1) 163.40; (P) 164.25; (R1) 165.48; More… Intraday bias in GBP/JPY is turned neutral with current recovery. Outlook is unchanged that corrective pattern from 168.67 is extending with another falling leg. Deeper fall Read more…
Daily Pivots: (S1) 138.92; (P) 139.49; (R1) 140.27; More…. Further decline is in favor with 140.68 minor resistance intact. Corrective pattern from 144.23 is extending with another falling leg. Deeper decline would be seen to Read more…