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…
The Canadian dollar strengthened after a drop in the jobless rate in March. The RSI’s double-dip in the oversold area has attracted some buying interest. A break above the demand-turned-supply zone around 1.3700 has improved Read more…
The US dollar rallies as the 10-year Treasury yield hits a three-year high. Price action has been treading water after it bounced off 121.30. The RSI shot back into the overbought area and could limit Read more…
Market movers today This morning Norwegian and Danish CPI inflation data are due out. In Denmark, we expect inflation rose further to 5.2% y/y in March from 4.8% in February. In Norway, we expect core Read more…
On Sunday, the results from the first round of the French presidential election showed that Emmanuel Macron obtained 27% of votes, closely followed by the right-wing Marine Le Pen, who got 24% support. The latest Read more…
Daily Pivots: (S1) 161.44; (P) 161.86; (R1) 162.19; More… Intraday bias in GBP/JPY remains neutral, and further rally is expected with 158.04 support intact. On the upside, break of 164.61 will resume larger up trend Read more…
Daily Pivots: (S1) 134.38; (P) 134.94; (R1) 135.46; More…. Intraday bias in EUR/JPY remains neutral for the moment. Further rally is expected with 133.70 support intact. On the upside, sustained break of 137.49 resistance will Read more…
Daily Pivots: (S1) 0.8314; (P) 0.8338; (R1) 0.8367; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, break of 0.8294 will argue that rebound from 0.8201 has completed at 0.8511, and Read more…