EURGBP continues its descending trend and has yet to break its series of successive lower lows as negative forces linger. Moreover, the pair is trading well below the 50- and 200-day simple moving averages (SMAs), Read more…
Summary: US President Biden slapped sanctions on a pair of Russian banks, some political elites connected to Russian President Putin and on Russian sovereign debt, a move the market assessed as relatively measured as US Read more…
Asian stocks higher, US and European futures in the green Western sanctions against Russia far from harshest scenario Geopolitical fears most evident in commodity’s surge Global markets remain sensitive to threat of a deeper invasion Read more…
USDJPY came close to breaking the 20-day simple moving average (SMA) and the 115.00 round number on Tuesday, remaining above the Ichimoku cloud and within the upward sloping channel in the medium-term. According to the RSI, Read more…
EUR/USD The depreciation of the single European currency was limited to just above the support zone at 1.1322 and the expectations for today’s trading session are for the pair to consolidate in the range of Read more…
Trepid sentiment continues to weigh on the Dax. The plunge below the 9-month long consolidation area (14850) may foreshadow a bear market. As traders grew wary, trapped bulls would look to get out of their Read more…
The sterling whipsawed after BOE officials’ comment about a “modest” rate hike over the coming months. The euro saw strong bids at the base of the February breakout rally (0.8310). A break above 0.8370 wiped Read more…
The euro surged over signs that Moscow may remain open to diplomacy. The pair found support at the base of the previous rally (1.1290), indicating the bulls’ commitment to keeping the rebound intact. The RSI’s Read more…
Markets Yesterday’s lackluster Bund performance during Asian dealings even as geopolitical tensions intensified dramatically was the writing on the wall. German yields gapped lower at the European open but almost immediately started recovering afterwards. Support Read more…
Market focus remains on Ukraine and Russia, as the US warns that Russia moving its army to the separatist regions in Donbas could mean a larger-scale invasion in the coming days. Russia is suffering from Read more…