Silver has been plunging since early May, generating a clear structure of lower highs and lower lows. Nevertheless, in the last couple of sessions the metal has gained some traction as negative momentum seems to be fading. Read more…
EURJPY has managed to find footing just beneath the 200-day simple moving average (SMA) off the Ichimoku cloud’s upper band at 130.43, preserving the recent bullish tone. The SMAs are currently not endorsing a definitive Read more…
USDJPY has retreated from its January high, crossing below its 50-period simple moving average (SMA) amid strengthening negative forces. However, despite the short-term negativity, the pair’s overall outlook is still positive amid successive higher highs Read more…
GBPUSD is currently positioned at a crucial make-or-break point, testing the top line of the seven-month-old bearish channel slightly below the 1.3600 psychological level. A decisive close above that threshold could bring new buyers into the market, with the Read more…
According to BoJ’s December public opinion survey, 78.8% of the respondents said they expect price levels to go out one year from now. That’s a notable increase from September’s 68.2% and the highest level since Read more…
In an interview, ECB chief economist Philip Lane pointed to the December economic projections, and said, ” inflation will fall this year, and that it will go below our 2 per cent target in 2023 and Read more…
EUR/USD The sell-off of the EUR/USD was limited to the level at 1.1315 and the bulls took back control over the market. During the early hours of today`s trading, the European common currency is still Read more…
AUDUSD attempts rebound The Australian dollar bounces back over strong retail sales in November. The pair saw bids near a previous trough (0.7130). The RSI’s double-dip into the oversold area attracted some traders in taking Read more…
The Nasdaq 100 index sell-off persisted on Monday as US bond yields continued rallying. The tech-heavy index declined by over 300 points, pushing it to a correction territory. Other indices like the Dow Jones and Read more…
Markets Yesterday started with a continuation of last week’s trading dynamics but ended quite differently. European equities slipped about 1.5%. Wall Street in early trading recorded losses as deep as 2.7% for the Nasdaq before Read more…