Cable is consolidating above new 2022 low (1.3009) the lowest since Nov 2020, as bears face headwinds from psychological 1.30 support and oversold daily studies. Bounce is likely to correct the latest fall, with RSI Read more…
In March, Gold updated its high at $2,078.80 and then started a correction. Early in a new week March week, the precious metal is trading at $1,977. Gold is an excellent tool for investors to Read more…
The CEO of Tesla and SpaceX has already multiplied his gestures of support for Ukraine, which Russia invaded more than two weeks ago. It goes without saying that Elon Musk is a whimsical CEO. The Read more…
Musk said this key economic indicator is hurting both Tesla and Space X. Elon Musk’s latest Twitter maelstrom is here. Over the last 12 hours to 24 hours, Musk’s Twitter feed mimics yet another incoherent monologue Read more…
Both the FOMC and the BOE meet this week. The more hawkish central bank should help determine the next direction of GBP/USD. Markets will be focused this week on the Bank of England meeting on Read more…
Dow Jones reversed from support zone Likely to rise to resistance level 34000.00 Dow Jones recently reversed up from the support zone located between the support level 32310.00 (which has been steadily reversing the index Read more…
USDJPY broke resistance level 116.30 Likely to rise to resistance level 119.00 USDJPY continues to rise strongly after the earlier breakout of the key resistance level 116.30 (previous monthly high from January and February). The Read more…
EURCHF has established a foothold around 1.0182 and above the 1.0123 level, which is the 23.6% Fibonacci retracement of the down wave from 1.0610 until a more than 7-year low of 0.9971, signalling that buyers Read more…
The USDJPY extends its steep ascend on Monday, following nearly 1% rise on Friday, the biggest daily advance since November 2020. Fresh acceleration (0.5% up until early US session on Monday) cracked 118.00 barrier, opening Read more…
The Russian ruble is strengthening significantly, by 10%, to 118.8 on forex at the start of the new week. The growth momentum comes with signals from the presidents of Russia and Ukraine that negotiations are Read more…