Gold prices have found a turning point at the 1,780 support level, which overlaps with the ascending trend line of the long-term symmetrical triangle. The price is currently testing the 40- and 200-day simple moving Read more…
The Dax 40 drifts lower after the ECB’s hawkish turn. The recent rebound met stiff selling pressure at 15740. Then a fall below 15350 indicates a lack of commitment from the buy-side. A bearish MA Read more…
The loonie weakened after a rise in Canada’s unemployment rate in January. The greenback has previously come to a halt at the daily resistance (1.2800). The retracement then found bids at the resistance-turned-support at 1.2650, Read more…
The US dollar rallied after January’s nonfarm payrolls exceeded expectations. The latest pullback found support near the previous low at 0.9180. A bullish RSI divergence suggests a loss of momentum in the sell-off. A close Read more…
EUR/USD At the end of last week, the rally lost its momentum and the currency pair made an unsuccessful test of the important resistance level of 1.1480. The forecast is for the pair to consolidate Read more…
Markets Ahead of Friday’s US payrolls, at least part of the market cautioned for a soft interrupt in the labour market recovery as omicron potentially dampened contact sensitive economic activity. However, contrary to the ADP Read more…
The US dollar and the Nasdaq 100 index tilted higher on Friday after strong American jobs numbers. The data showed that the American economy added more than 467k jobs in January, in a sign that Read more…
US futures traded flat in the overnight trading session, as the Federal Reserve (Fed) hawks came back in charge following strong job additions, and solid wages growth in the latest US jobs data. The US Read more…
Market movers today Monday’s data calendar is light with only German industrial production data for December due. Consensus expects stabilisation in monthly figures after a contraction in November. Today’s EP hearing with ECB president Lagarde Read more…
ECB Governing Council member Martins Kazaks said in a Reuters interview that a July rate hike “would imply an extremely and unlikely quick pace of tapering”. Overall, “at the current juncture, naming a specific month Read more…