Daily Pivots: (S1) 1.0855; (P) 1.0962; (R1) 1.1037; More… EUR/USD’s decline continues today and intraday bias stays on the downside for 61.8% projection of 1.2265 to 1.1120 from 1.1494 at 1.0786. Sustained break there will Read more…
Moves in the markets are intensifying as another week starts, as Russia’s invasion on Ukraine continues. US and allies rejected Ukrainian President Volodymyr Zelenskyy’s plea for creating a no-fly zone over the country. But they’re now Read more…
Both Euro and Sterling are under heavy selling pressure today, against commodity currencies. EUR/CAD dives to as low as 1.3773 so far and there is no sign of bottoming. Current fall from 1.4633 is part Read more…
Gold gaps up as the week open and hit as high as 2000.73 so far. The break of 1974.32 resistance confirms resumption of rally from 1682.60. Further rally is expected as long as 1923.09 minor Read more…
Oil prices surge gap up the week and surge to highest level since 2008. Both the US and its European allies are, responding to Ukrainian President Volodymyr Zelenskyy’s request, considering to ban Russian oil imports Read more…
Australia AiG Performance of Services Index rose 3.8 pts to 60.0 in February. Looking at some details, sales rose 9.7 pts to 68.6. Employment dropped -2.0 to 54.7. New orders rose 3.2 to 61.1. Supplier Read more…
DXY: On the H4 timeframe, prices are at a recent high and approaching our pivot. We see the potential for a pullback from our 1st resistance at 99.349 in line with 127.2% Fibonacci extension and Read more…
Key Highlights EUR/USD extended decline below the 1.1120 support zone. A key bearish trend line is forming with resistance near 1.1180 on the 4-hours chart. Gold is eyeing upside break to $2,000, and oil price Read more…
Gold is clearly back in fashion thanks to the combination of forthcoming Fed hikes and the Ukraine crisis, with futures markets within easy reach of a record high. USD demand continues to dwindle: Despite multiple Read more…
It’s been a violent start to the week as the Russian/Ukraine conflict intensifies and news that the Biden administration and its allies are discussing an embargo of Russian oil. This article discusses what the spillover Read more…