American stocks were mixed on Monday as the crisis in Ukraine escalated, and the Fed decision neared. Dow Jones rose by more than 200 points while the S&P 500 index rose slightly. The tech-heavy Nasdaq Read more…
GBPUSD is posting a selling interest move, testing the 1.3000 psychological level, which is a fresh 16-month low. The RSI indicator is pointing upwards in the oversold zone, while the stochastic oscillator created a bullish Read more…
EUR/USD There is a slowdown in the downtrend as the bears failed to secure a lower bottom and the pair managed to stay above the support at 1.0900. The first resistance before the buyers is Read more…
Markets US stock markets again failed to cling to opening gains, ending up to 2% lower for Nasdaq. The S&P 500 follows the two other major indices in painting a technical “death cross” on the Read more…
UK number of payrolled employees rose 275k in February. Comparing with prepandemic level in February 2020, number of payrolled employees was up 662k. Claimant count dropped -48.1k, versus expectation of 20.3k rise. In the three Read more…
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of USDCAD. In which, the rally from 03 March 2022 low unfolded as an impulse sequence and showed Read more…
Rapid decline in oil prices came as a relief to the European stock markets yesterday, yet the lack of diplomatic progress on the Ukrainian war and China’s fresh lockdown to stop the omicron contagion weigh Read more…
The Dax 40 edges higher as Russia and Ukraine hold a fourth round of talks. The index bounced off the demand zone (12500) from the daily chart, a sign that price action could be stabilizing. Read more…
The Australian dollar slipped after dovish RBA minutes. The pair continues to pull back from its recent top at 0.7430. A drop below the demand zone at 0.7250 further puts the bulls on the defensive. Read more…
The US dollar bounces across the board as the Fed may possibly raise interest rates on Wednesday. The pair found support near May 2020’s lows around 1.0800. The RSI’s oversold condition on the daily chart Read more…