NZDUSD is trading around the vicinity of 0.6095, that being the 26-month low as the pair failed on its third attempt third attempt to breach this level. Looking to the short-term oscillators, the MACD and the stochastic are promoting negative Read more…
USDJPY geared a bit down after its latest bullish attempt halted at a new 20-year high of 137.76 on Monday. The good news is that the nearby 136.68 region has immediately switched from resistance to support ahead of Read more…
The FTSE 100 weakens as investors remain sensitive to a global downturn. The price action is in a narrowing range between 7020 and 7280 as the bulls strive to hold onto the recent bounce. The Read more…
WTI crude tumbles as traders grow wary of a slowdown in demand. A bearish MA cross on the daily chart indicates a deterioration in sentiment after the price failed to hold above the psychological level Read more…
The New Zealand dollar consolidates as the RBNZ raises its interest rates by 50 basis points. The struggle to clear the supply area around 0.6200 suggests that the sell side still has a firm grip Read more…
Bitcoin was down 5% on Tuesday, ending it at around $19,400 and remaining near that level by the start of European trading. Ethereum has lost 3.3% in the last 24 hours to $1055. Altcoins from Read more…
EUR/USD After the single European currency reached parity with the U.S. dollar during yesterday’s trading session, we witnessed a slight recovery and a test of the first resistance zone at 1.0071. The bulls have not Read more…
Crude oil is coming nicely down in the 4-hour chart after we spotted a wedge pattern within wave (Y) of B. So, we are now tracking wave C of a higher degree countertrend price action. Read more…
Markets Core bond yields in Europe closed at or slightly below key support levels yesterday. For Germany’s 10y reference (-11.4 bps, 1.13%), this meant the 1.12%/1.15% area. Other changes ranged from -8.7 bps to 13.1 Read more…
Daily Pivots: (S1) 0.6720; (P) 0.6749; (R1) 0.6788; More… Further decline is expected in AUD/USD with 0.6873 resistance intact. Current down trend from 0.8006 should target next fibonacci level at 0.6461. On the upside, break Read more…