WTI crude oil futures has gained this week again, and it managed to hold above the 20- and 40-day simple moving averages (SMAs) and re-enter the area above 100.00. The technical indicators are feeding prospects Read more…
EUR/USD The sell-off was limited to the support level at 1.0974 and the common European currency recovered part of its losses. However, the market sentiments remain negative and the bears would most probably try to Read more…
Markets Yesterday, markets (temporarily?) returned to a ‘classic’ risk-off script, with equities declining and bonds rebounding. We see the move meanly as a technical correction. The bond market sell-off apparently was ripe for a pause Read more…
The US dollar retreated slightly after relatively weak new home sales data from the country. Data showed that new home sales declined from 788k in January to 772k in February. These numbers were weaker than Read more…
Market movers today We expect Norges Bank to deliver a 25bp rate hike to 0.75% today. This is in line with both the consensus and market pricing. The question is which signals will be given Read more…
Risk sentiment weakens as Joe Biden meets the EU leaders today. They are expected to announce new sanctions against Russia in the coming hours. There is a possibility of a ban on Russian oil imports Read more…
Daily Pivots: (S1) 158.99; (P) 160.05; (R1) 161.06; More… Intraday bias in GBP/JPY is turned neutral with current retreat and some consolidations could be seen. But downside should be contained above 156.35 minor support to Read more…
Daily Pivots: (S1) 132.50; (P) 133.20; (R1) 134.06; More…. Intraday bias in EUR/JPY remains on the upside with focus on 134.11 high. Sustains break there will confirm resumption of larger up trend next target will Read more…
Daily Pivots: (S1) 0.8309; (P) 0.8323; (R1) 0.8351; More… EUR/GBP is recovering mildly, but further fall is still expected with 0.8358 minor resistance intact. Fall from 0.8456 should target a retest on 0.8201 low. Break Read more…
Daily Pivots: (S1) 1.4626; (P) 1.4716; (R1) 1.4769; More… Intraday bias in EUR/AUD remains on the downside for the moment. Fall from 1.5327 is still in progress to retest 1.4561 low. Firm break there will Read more…