The major currency pair continues falling. On Monday 28 March, EUR/USD is trading at 1.0951. The currency market is still interested in the “greenback” as a “safe haven” asset – investors need to hedge risks Read more…
After a few days of quiet trading, Cathie Wood is back to dealing big names in big amounts. Her flagship fund has risen recently. After a few days of quiet trading, star investor Cathie Wood, Read more…
Aussie slips below 0.75 line After a strong week, the Australian dollar has reversed directions and dropped below the 0.75 line on Monday. Investors will be keeping an eye on Australian retail sales, which will Read more…
There has been a lot of talk lately about the decline of the US dollar’s reserve status. However, investors and traders should separate long-term trends from short-term market impulses. Reserve fund managers often prefer to Read more…
Daily Pivots: (S1) 121.37; (P) 121.90; (R1) 122.63; More… Intraday bias in USD/JPY stays on the upside at this point. Current up trend should target 161.8% projection of 109.11 to 116.34 from 114.40 at 126.09, Read more…
Daily Pivots: (S1) 0.9273; (P) 0.9294; (R1) 0.9327; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.9374 minor resistance will suggest that the pull back from 0.9459 has Read more…
Daily Pivots: (S1) 1.0964; (P) 1.1001; (R1) 1.1021; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further decline is still in favor with 1.1120 support turned resistance intact. On the downside, break Read more…
Daily Pivots: (S1) 1.3153; (P) 1.3189; (R1) 1.3219; More… GBP/USD’s break of 1.3119 minor support argues that corrective rebound from 1.2999 has completed at 1.3297 already. Failure to hit 55 day EMA keeps near term Read more…
Yen remains the weakest one today, but there is some short covering as global benchmark treasury yields also retreat. Selling focus is turning Sterling instead. For now, Aussie and Dollar are the strongest one for Read more…
Stocks edge higher on cautious optimism, oil falls and the Japanese yen tumbles. US futures Dow futures +0.23% at 34930 S&P futures +0.3% at 4554 Nasdaq futures +0.3% at 14800 In Europe FTSE +0.2% at Read more…