EURJPY buyers have managed to recoup the last week of losses through yesterday’s trading session and are now struggling to beat the 50-day simple moving average (SMA) at 129.26. The positive price action has underpinned Read more…
Euro bounces back as markets price in more ECB tightening Stock markets power higher, has the storm passed? Aussie unscathed by RBA, earnings season continues Euro recovers Market participants are raising their bets that the Read more…
Eurozone unemployment rate dropped from 7.1% to 7.0% in December, better than expectation of 7.1%. EU Unemployment rate dropped from 6.5% to 6.4%. Eurostat estimates that 13.612m men and women in the EU, of whom Read more…
UK PMI Manufacturing was finalized at 57.3 in January, slightly down from December’s 57.9. Markit said production rose at fastest rate in six months. new order growth slowed despite mild uptick in new export businesses. Read more…
Eurozone PMI Manufacturing was finalized at 58.7 in January, up from December’s 58.0. Markit said there were faster expansion in output and new orders. Employment growth improved to five-month high. Also, supplier performance had the Read more…
GBPUSD is flirting with the 40-day simple moving average (SMA) after the pullback off the 1.3360 support level, remaining within the Ichimoku cloud. The recent upside move is recovering the declining move from the 1.3750 Read more…
EUR/USD During the first trading session of the week, the currency pair breached the resistance level of 1.1170 and, at the time of writing, is headed towards a test of the next resistance at 1.1235. Read more…
US equities rose on Monday as investors reflected on several catalysts. First, the market remained optimistic that big technology companies like AMD, Facebook, Amazon, and Alphabet will publish strong quarterly results this week. Other tech Read more…
Markets Wall Street tried to shrug off a rough month by printing impressive back-to-back gains. The Nasdaq outperformed, eking out another 3%+ gain. January is still the worst month for the tech-heavy index since March Read more…
Daily Pivots: (S1) 154.34; (P) 154.84; (R1) 155.27; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Fall from 157.74 should be the third leg of the corrective pattern from 158.19. Deeper decline Read more…