NZDUSD switched to a recovery operation on Wednesday after halting its downleg near a three-week low of 0.6714 and around the bottom of the Ichimoku cloud. Despite its latest deceleration, the pair maintains a neutral Read more…
The dollar index eases from new two-year high in early Wednesday, with the action seen as technical correction on overbought studies, as the greenback remains well supported by safe-haven buying on rising uncertainty over Ukraine Read more…
American stocks rose as the earnings season continued. The Dow Jones, S&P 500, and Nasdaq 100 indices rose by more than 1% on Tuesday. Johnson & Johnson published mixed quarterly results as its EPS beating Read more…
Markets Markets shifted into higher gear yesterday after a false start on Monday with European markets still closed and lower-volume trading in the US. Core bonds again took center stage. US Treasuries underperformed Bunds, especially Read more…
China maintains LPRs China disappointed markets that were looking for more comprehensive stimulus measures as it left both its one and five-year Loan prime Rates (LPR) unchanged. Although the PBOC did announce some targeted support Read more…
The British Pound started a fresh decline from the 1.3085 resistance against the US Dollar. The GBP/USD pair traded below the 1.3050 support zone, but the bulls appeared near 1.2980. A low was formed near Read more…
EUR/USD The sentiment remains unchanged since yesterday, and during the early hours of today`s trading, the EUR/USD is hovering between the levels at 1.0757 and 1.0811. If the bears gain enough momentum and breach the Read more…
Market movers today Today is a quiet day in terms of economic data releases, as we mostly receive tier-2 data releases. We have some FOMC speeches tonight with Daly and Evans on the wire. As Read more…
Netflix dived more than 25% in the afterhours trading after announcing that the subscriptions fell by 200’000 in the Q1. The carnage in Netflix’s share price will certainly plummet the good mood in Nasdaq, which Read more…
Daily Pivots: (S1) 164.78; (P) 165.10; (R1) 165.56; More… Intraday bias in GBP/JPY remains on the upside at this point. Sustained break of 61.8% projection of 150.96 to 164.61 from 159.02 at 167.46 will pave Read more…