Gold shifted the spotlight to the descending trendline, which is connecting the all-time high of 2,079 from August 2020 with November’s 2021 peak of 1,877, following the break above the tough 1,830 ceiling. The recent Read more…
American stocks tumbled on Monday as worries over ongoing tensions between Russia and western countries escalated. In a statement, UK intelligence officials warned that Russia was targeting the Ukrainian capital in a “lightning war”. The Read more…
The Dax 40 plunges amid rising tensions in Ukraine. The index has given up all gains from the rebound in late December and cut through the major demand zone around 15070. The RSI’s repeatedly oversold Read more…
The Australian dollar recovered after the Q4 CPI beat expectations. However, the latest rally took a bearish turn after the price slipped below 0.7170. The lack of commitment to hold onto recent gains suggests a Read more…
The sterling struggles as global markets remain risk-off. A limited rebound has fought to hold above 1.3570 and the sell-off accelerated after a bearish breakout. The pair is testing a previous low at 1.3440 which Read more…
Markets The escalated military threat of a Russian invasion in Ukraine added another dark layer over already soured risk sentiment. Main European equity indices lost around 4% with some of them now also officially in Read more…
EUR/USD During the early hours of today’s trading session, the currency pair bounced back from the resistance at 1.1330, therefore the current expectations are for the pair to head towards a test of the support Read more…
Happy ending to yesterday’s bloodbath was highly unlikely but it happened. The S&P500 and Nasdaq closed Monday’s session in the positive after having dived more than 4% within the session. Nasdaq extended losses below its Read more…
Market movers today With a light data calendar today, markets will remain in wait-and-see mode ahead of tomorrow’s FOMC meeting and monitor the Russia-Ukraine developments. After German PMIs surprised on the upside yesterday, it will Read more…
Daily Pivots: (S1) 1.1296; (P) 1.1321; (R1) 1.1350; More… Outlook is EUR/USD is unchanged and intraday bias remains neutral first. Price action from 1.1185 are seen as corrective move. Break of 1.1284 will argue that Read more…