Markets Ceasefire talks in Istanbul showed signs of progress. Ahead of the negotiations, Ukraine indicated openness to neutrality and adopt a non-nuclear status in return for security guarantees. Afterwards, and to “increase mutual trust”, Russia Read more…
Over the next few hours we have members of ECB, BOE and the Fed speaking. Separately, USD/JPY is hinting that a swing low could be approaching. Asian Indices: Australia’s ASX 200 index rose by 50.2 Read more…
Risk appetite improved, equities extended rally as talks between Ukraine and Russia hinted at progress, with Russia retreating from Kyiv to concentrate its military efforts in the Donbas region. The de-escalation gave a sigh of Read more…
EUR/USD During yesterday’s trading session, the single European currency significantly increased its value against the U.S. dollar, reaching the critical resistance at 1.1126. However, this level appeared to be too strong of a resistance zone Read more…
The FTSE 100 continues upward as Russia promises to de-escalate. A bullish close above the origin of the February sell-off at 7550 has put the index back on track. Sentiment has become increasingly upbeat over Read more…
Gold struggles as risk appetite returns amid ceasefire talks. A fall below 1940 forced those hoping for a swift rebound to bail out. On the daily chart, gold’s struggle to stay above the 30-day moving Read more…
Swiss KOF Economic Barometer dropped from 105 to 99.7 in March, worse than expectation of 101.0. The index is now slightly below its long-term average. KOF said: “The recovery from the economic consequences of the Read more…
Daily Pivots: (S1) 1.0992; (P) 1.1064 (R1) 1.1159; More… Intraday bias in EUR/USD remains neutral first, with focus on 1.1120 support turned resistance. Sustained break there will argue that it’s at least correcting the decline Read more…
Daily Pivots: (S1) 1.3043; (P) 1.3101; (R1) 1.3152; More… Intraday bias in GBP/USD remains neutral first, and outlook stays bearish with 1.3297 resistance intact. On the downside, break of 1.2999 low will resume larger down Read more…
Daily Pivots: (S1) 0.9280; (P) 0.9327; (R1) 0.9356; More…. Intraday bias in USD/CHF remains neutral at this point. On the downside, break of 0.9259, and sustained trading below 55 day EMA (now at 0.9261), will Read more…