The Norwegian krone recoups losses as oil prices bounce back. The US dollar has been grinding up a rising trend line after a bullish breakout in early May. Sentiment remains extremely bullish and the pair Read more…
The US dollar consolidates its gains as traders ponder whether inflation has peaked. A close above the parity, last seen in November 2019 indicates strong bullish sentiment. Trend followers have been eager to buy at Read more…
EUR/USD The sell-off slowed down and the decline was limited to the support zone at around 1.0360. The market seems to be oversold and the downward momentum looks to be coming to an end. The Read more…
EURUSD declined to its lowest level since January 2017, hitting the 1.0345 support level on Friday. The aggressive selling interest has continued since it began last May, and the technical indicators have been in a negative zone Read more…
Data from China clearly pointed the wrong way and knocked sentiment, but news that Shanghai is aiming to reopen threw in a degree of support. Asian Indices: Australia’s ASX 200 index rose by 18.3 points Read more…
New week begins on a negative note; the Friday relief across the US equities, and which was put on the back of Jerome Powell saying that the bigger rate hikes are off the table for Read more…
Market movers today This week will be a quiet one on data front, but we do look for signals on how the global consumer is holding up in the context of rising prices, as we Read more…
Daily Pivots: (S1) 157.14; (P) 157.82; (R1) 159.15; More… Intraday bias in GBP/JPY remains neutral for the moment. Risk will stay on the downside as long as 162.16 minor resistance holds, as correction from 168.40 Read more…
Daily Pivots: (S1) 133.55; (P) 134.15; (R1) 135.15; More…. Intraday bias in EUR/JPY remains neutral for the moment. Risk stays on the downside as long as 138.33 resistance holds, as the correction from 139.99 would Read more…
Daily Pivots: (S1) 0.8476; (P) 0.8502; (R1) 0.8515; More… Intraday bias in EUR/GBP remains neutral for the moment. Rise from 0.8201 is still in favor to continue as long as 0.8365 support holds. On the Read more…