The price of crude oil continued its downward trend as investors focused on the sweeping lockdowns announced in China. In the past few days, the number of Covid-19 cases in some Chinese cases has been Read more…
USDJPY is heading north towards the more-than-five-year high of 118.45 and any advances beyond this top would endorse the long-term bullish outlook. The pair penetrated the ascending channel to the upside; however, the technical indicators Read more…
If current (and expected) yield differentials are anything to go by, the yuan looks quite overvalued. Especially in the context of ongoing growth concerns and geopolitical risks. The Chinese yuan hit its lowest point in Read more…
EUR/USD The bulls did not manage to gain enough momentum to confirm the breach of the resistance at 1.0982 and the EUR/USD continued to trade under the mentioned zone. A new successful attack, followed by Read more…
Markets US stock markets had a better run yesterday with main indices closing up to 3% higher. Support in the Nasdaq at 12552 (38% retracement on 2020-2021 post-Covid-rally) held for a second time, but the Read more…
Market movers today The highlight for markets today will be the FOMC meeting, where we expect the Fed to hike policy rates by 25bp given the strong inflation pressures, which are likely to be further Read more…
‘Difficult and vicious’ are the talks between Ukraine and Russia according to the Ukrainian President Zelensky, but there is room for compromise as he also recognized that being part of the EU or NATO is Read more…
WTI crude falls back over a new round of ceasefire talks between Russia and Ukraine. Previously, a bearish RSI divergence indicated a loss of momentum as the price went parabolic. Then a steep fall below Read more…
The sterling found support after a drop in Britain’s unemployment rate in January. A break above the daily resistance at 0.8400 has prompted sellers to cover, easing the downward pressure. Sentiment remains downbeat unless buyers Read more…
The US dollar continues upward as the Fed is set to increase its interest rates by 25bp. The rally sped up after it cleared the daily resistance at 0.9360. The bullish breakout may have ended Read more…