Yen selloff steps up a gear today and even CHF/JPY breaks through short term top at 133.53 to resume its long term up trend. For now, short term outlook will remain bullish as long as Read more…
The Aussie Dollar started a fresh decline from well above the 0.7550 level against the US Dollar. The AUD/USD pair traded below the 0.7500 support to enter a bearish zone. The pair even traded below Read more…
After a positive start to the week, US equity futures took a hit as bond yields rose across the curve, indicating that the recovery from last week’s selloff will prove to be hard. The sharp Read more…
EURUSD opened with a positive gap slightly above the 1.0900 level on Monday after a bearish week, but gains proved short-lived, with the price inching back below that number to turn negative on the day. Read more…
The Australian dollar remained under pressure after the country’s prime minister called for a new election in May. Scott Morrison will face off with Anthony Albanese, the leader of the center-left Labor Party. The campaign Read more…
On Friday, US equities limped into a non-descript finish to the week as inflation fears were compounded by growth fears, notably from China. The S&P 500 fell 0.27%, the Nasdaq tumbled by 1.34%, while the Read more…
Markets On Friday, selling on bond markets simply continued in the wake of the hawkish messages provided by the minutes of the Fed and ECB March meetings published earlier last week. Persistent high inflation is Read more…
Gold is successfully surpassing the 20- and 40-day simple moving averages (SMAs), which were ready to create a bearish crossover; however, the latest upward move drive the SMAs higher. The price appeared to be neutral over the Read more…
EUR/USD In the early hours of today’s trading session, the euro recovered part of its recent losses, but the bears re-entered the market and the pair quickly returned below the resistance at 1.0900. The support Read more…
The Dax 40 struggles on concerns about the economic costs of war in Ukraine. A bullish MA cross on the daily chart suggests steadied sentiment in the medium-term after a V-shaped rebound. The bulls may Read more…