USDCAD has been trading sideways during the last month with an upper boundary the 1.2796 resistance and lower boundary the 1.2649 support. However, despite the neutral outlook there are some positive signs as the pair Read more…
Can we keep the status quo going? The recent developments between Russia and Ukraine continue to be carefully scrutinized by market participants, political and investment analysts. Some initially thought the ongoing situation would reach a Read more…
Ukraine jitters raise risk apprehension With US markets closed for a holiday overnight, volumes and volatility were muted in currency markets, sparing them the worst of the ravages seen elsewhere. Still, the US dollar did Read more…
Germany Ifo Business Climate rose from 96.0 to 98.9 in February, above expectation of 96.5. Current Assessment Index rose from 96.2 to 98.6, above expectation of 96.6. Expectations index rose from 95.8 to 99.2, above Read more…
The FTSE 100 tumbles as risk appetite slip across the board. The bulls’ latest effort to push beyond 7630 turned out to be futile. A break below 7500 suggests a lack of commitment and weighs Read more…
Bullion rallies over ongoing geopolitical tensions in Eastern Europe. Silver gained momentum after a break above the supply zone at 23.90. A brief fallback found support over 23.10 which indicates solid buying interest. The price Read more…
The Swiss franc surges as the US-Russia stalemate boosts demand for safe-haven assets. Consecutive drops below 0.9220 and then 0.9180 suggest that sellers have taken control. The greenback is heading towards January’s double bottom around Read more…
GBPUSD has been developing within a trading range with upper boundary the 1.3640 resistance and lower boundary the 1.3485 support level over the last three weeks. The price tested the 1.3640 barrier several times as well as Read more…
AUDJPY has been immune to all the volatility in the broader market lately, which is quite surprising since the pair is considered a proxy for risk appetite. The price action has been trapped within a Read more…
EUR/USD At the end of yesterday’s trading session, the bears managed to prevail and gained enough momentum, breaching the 1.1330 support area. At the time of writing, the currency pair is about to test the Read more…