Stock futures move lower; nickel flips again; BNY Mellon set to lose $200 million on Russia pullout; American to serve booze again; and the iconic Porsche 911 is losing its roar. Here are five things Read more…
GBPUSD has bounced back from its March low of 1.2999, crossing above its 50-period simple moving average (SMA) as positive momentum resurfaced. However, the pair is currently trading well below its 200-period SMA and hasn’t Read more…
USDCAD is currently challenging the long-term ascending trend line and the 200-day simple moving average (SMA) around the 1.2600 psychological mark. The price is showing some signs that it would be a penetration of the Read more…
Markets US stock markets gained over 1% yesterday as risk sentiment improved during US dealings. Kremlin fake news reports on progress in Ukrainian peace talks initially caused some hesitance. US secretary of state Blinken later Read more…
EUR/USD The level at 1.1126 appeared to be a strong resistance for the bulls to overcome and the outlook for today’s trading session is for the pair to breach through the support at 1.1044 and Read more…
US stocks wavered on Thursday as the market continued reflecting on the decision by the Federal Reserve. The Dow Jones and Nasdaq 100 were little changed after the Fed warned that it will likely hike Read more…
Daily Pivots: (S1) 155.38; (P) 156.04; (R1) 156.63; More… Intraday bias in GBP/JPY remains on the upside for the moment. The corrective pattern from 158.19 might have completed with three waves to 150.95. Further rise Read more…
Daily Pivots: (S1) 130.88; (P) 131.40; (R1) 132.06; More…. Intraday bias in EUR/JPY remains on the upside for the moment. The corrective pattern from 134.11 could have completed at 124.37 already. Further rise should be Read more…
Daily Pivots: (S1) 0.8383; (P) 0.8420; (R1) 0.8473; More… Intraday bias in EUR/GBP remains neutral as consolidation from 0.8454 temporary top could extend. On the upside, above 0.8454 will target 0.8476 structural resistance first. Firm Read more…
Daily Pivots: (S1) 1.4995; (P) 1.5070; (R1) 1.5111; More… Intraday bias in EUR/AUD remains neutral at this point and outlook is unchanged. The larger down trend is still expected to continue as long as 1.5354 Read more…