Unemployment falls to record low The Australian dollar has rebounded on Thursday. AUD/USD is trading at 0.6980 in the European session, up 0.38% on the day. Australia’s April employment report was a further confirmation that Read more…
EUR/USD The bullish momentum faded and the euro lost some ground against the dollar during yesterday’s session. The pair tested the support zone at 1.0482, and during the early hours of today`s trading, the EUR/USDis Read more…
On Wednesday, Bitcoin was down 3%, ending the day around $29,200, remaining near that mark on Thursday morning. Ethereum lost 4.3%. Other altcoins in the top 10 fell from 1.8% (BNB) to 9.8% (Cardano). The Read more…
AUDUSD could not find enough buyers to overcome the 0.7050 resistance level, with the spotlight remaining to the downside as the steep negative bias is still holding. Encouragingly, however, the RSI and the MACD continue Read more…
Concerns that the US is headed for stagflation weighed on sentiment yesterday, which has placed AUD/JPY back onto our bearish watchlist. A combination of weak earnings and housing data fanned concerns of stagflation in the Read more…
Markets A heavy selling wave on US stock markets eventually reversed intraday weakness on core bond markets while granting the dollar a push in the back. Main US indices ceded 3.6% (Dow) to 4.7% (Nasdaq). Read more…
Daily Pivots: (S1) 1.0425; (P) 1.0495 (R1) 1.0529; More… Intraday bias in EUR/USD stays neutral at this point. Considering bullish convergence condition in 4 hour MACD, break of 1.0641 resistance will confirm short term bottoming Read more…
Daily Pivots: (S1) 1.2284; (P) 1.2392; (R1) 1.2455; More.. Intraday bias in GBP/USD remains neutral for consolidation above 1.2154. Further decline will remain in favor as long as 1.2637 resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 0.9835; (P) 0.9910; (R1) 0.9959; More… A short term top is in place at 1.0063 on bearish divergence condition in 4 hour MACD. Intraday bias in USD/CHF is now mildly on the Read more…
Daily Pivots: (S1) 127.65; (P) 128.60; (R1) 129.18; More… Intraday bias in USD/JPY remains neutral and corrective pattern could extend further. Break of break of 127.51 will target 125.09 cluster support (38.2% retracement of 114.40 Read more…