Daily Pivots: (S1) 1.2567; (P) 1.2594; (R1) 1.2636; More… GBP/USD’s rise from 1.2154 is still in progress and intraday bias remains on the upside for 55 day EMA (now at 1.2756). Sustained break there will Read more…
Daily Pivots: (S1) 1.0699; (P) 1.0732 (R1) 1.0767; More… Intraday bias in EUR/USD remains on the upside at this point. Sustained trading above 55 day EMA (now at 1.0757) will target 1.0935 resistance next. On Read more…
Commodity currencies are trading broadly higher today, with help from risk-on sentiment, with Aussie and Loonie competing for the first place. Selloff are mainly centered Yen and Swiss Franc, and to a lesser extent Dollar. Read more…
On the back of risk-on sentiment, AUD/JPY rally resumed the rally from 87.28 today, and hit as high as 91.67 so far. The development affirms the case that correction from 95.73 has completed with three Read more…
The German 40 cash index is continuing last week’s rebound but with slower momentum, reaching a five-week high near 14,600. The short-term bias looks positive as the MACD keeps gaining ground above its trigger line, while Read more…
The New Zealand dollar continues to take advantage of US dollar weakness. NZD/USD posted sharp gains last week, climbing 2.01%. Will Business Confidence improve? The week kicks off with ANZ Business Confidence, which has been Read more…
This week is starting with new highs in Brent – the asset has reached the highs of 9 March 2022 and updated $120. There are several factors that support oil bulls – they are pretty Read more…
Apple? GM? Porsche? Ford? The most important rival of electric-vehicle manufacturer Tesla is not necessarily the one most people think. Tesla (TSLA) – Get Tesla Inc Report in a short time has become the benchmark for the Read more…
EURUSD opened with low volatility on Monday, remaining muted marginally below the 50-day simple moving average (SMA) and the 1.0768 key resistance level for the fifth consecutive session after securing two bullish weeks. Despite the Read more…
USDJPY is trying to create an ascending channel in the short-term, with strong resistance near the 127.56 barrier. The latest higher lows are showing some improvement and the moving averages are turning higher as well. Read more…