Gold is trying to heal its wounds after sliding to an almost one-year low of $1,697/ounce last week, but the technical picture is not bright enough to back a potential proper recovery in the short Read more…
The Australian dollar has started the trading week with strong gains, extending the upswing from Friday. AUD/USD is trading at 0.6835, up 0.62% on the day. Aussie buoyed by US retail sales Market risk sentiment Read more…
Cable is making a nice reversal from the low; it s a sharp and interesting bullish price action for now that can cause more upside this week. Keep in mind that we are tracking an Read more…
MarketsEuropean markets are supposed to face multiple event risk this week. The ECB will likely start policy normalization with a 25 bps rate hike, but a 50 bps step still isn’t completely ruled out. The Read more…
WTI oil price accelerated through $100 barrier on Monday, extending recovery from last Thursday’s spike low at $90.54 into third straight day. Oil received fresh support from weaker dollar and renewed supply concerns that offset Read more…
Another major snack brand partnership is banking on nostalgia. If you’ve been following recent fast-food trends, you’ll know just how much brands are starting to bank on consumers’ nostalgia for childhood treats. Once novel partnerships between Read more…
EUR/USD is steadily rising and has already reached 1.0138. After testing 1.0000 for several trading sessions, the pair reversed upwards after all. Investors are now switching their attention to the ECB rate decision. There is Read more…
Daily Pivots: (S1) 1.2979; (P) 1.3058; (R1) 1.3101; More… USD/CAD’s break of 1.2935 minor support suggests that a short term top was formed already at 1.3222. Intraday bias is back on the downside for 1.2818 Read more…
Daily Pivots: (S1) 163.78; (P) 164.25; (R1) 164.84; More… GBP/JPY’s break of 165.26 minor resistance suggests that consolidation from 168.67 has completed at 160.37. Intraday bias is back on the upside for retesting 168.67 high. Read more…
Daily Pivots: (S1) 139.03; (P) 139.46; (R1) 140.17; More…. EUR/JPY’s break of 139.78 minor resistance suggests that pull from1 44.26 has completed at 136.85 already, so has the consolidation pattern from 144.23. Intraday bias is Read more…