GBPUSD came under fresh selling pressures after its rebound off 1.3000 touched the 20-day simple moving average (SMA) and the 1.3200 round level, with the price decelerating to an intra-day low of 1.3119 on Tuesday. Read more…
EUR/USD The euro lost ground against the dollar, and during the early hours of today`s trading, the pair tested the level at 1.0983. A successful violation of this level could easily lead to new losses Read more…
ECB Vice President Luis de Guindos said today, “we can so far dismiss the possibility of stagflation because even in the weakest scenario we are looking at growth of around 2% in 2022.” De Guindos also Read more…
Markets A further rise in oil prices and Fed’s Powell’s updated ‘forward guidance’ only a few days after last week’s policy meeting put interest rate markets on red alert yesterday. The rise in oil prices Read more…
CAD/JPY’s rally accelerates again today and hits as high as 95.68. Further rise is expected as long as 94.34 minor support holds. Next near term target is 161.8% projection of 87.42 to 92.16 from 89.21 Read more…
The price of crude oil held steady in the overnight session as supply concerns remained. The biggest issue is the ongoing crisis in Ukraine, which has pushed western countries to place sanctions on Russia. Russia Read more…
Jerome Powell wants to see the US interest rates rise faster. At a speech titled ‘Restoring Price Stability’ yesterday, Powell told the National Association for Business Economics that there could be a 50-bp hike in Read more…
Daily Pivots: (S1) 156.63; (P) 157.08; (R1) 157.77; More… Intraday bias in GBP/JPY remains on the upside with focus on 158.19 resistance. Decisive break there will confirm resumption of whole up trend from 123.94. Next Read more…
Daily Pivots: (S1) 131.36; (P) 131.66; (R1) 131.94; More…. Intraday bias in EUR/JPY remains on the upside at this point and outlook is unchanged. Corrective pattern from 134.11 might have completed at 124.37 already. Further Read more…
Daily Pivots: (S1) 0.8346; (P) 0.8381; (R1) 0.8401; More… Intraday bias in EUR/GBP remains neutral and outlook is unchanged. On the upside, above 0.8456 will target 0.8476 structural resistance first. Firm break there will carry Read more…