The US 30 (Cash) index rebounded off the seven-month low of 33,145, gaining some momentum, but the short-term simple moving averages (SMAs) posted a bearish crossover. The RSI indicator is flattening near the oversold zone, Read more…
EUR/USD After the successful breach of the support zone at 1.1235, the European common currency lost quite a bit of ground against the U.S. dollar. During the early hours of today`s session, the pair is Read more…
Upcoming US rate hike still weighs on equity markets. A tentative break below last October’s low (4300) has put the S&P 500 on the defense. A bearish MA cross on the daily chart shows that Read more…
Oil climbed amid fears of disruption as tensions between Russia and the West grew. After a short-lived pause, WTI crude saw bids near a previous low at 82.00 which lies on the 20-day moving average. Read more…
The Japanese yen inched higher after January’s Tokyo CPI beat expectations. The US dollar found support in the daily demand zone around 113.50. And that is a sign that upbeat sentiment in the medium-term remains Read more…
Markets We retain from the day after the hawkish FOMC meeting that the greenback pushed towards fresh recovery highs. The trade-weighted DXY crossed above 96.94 to close at 97.26. Next important resistance stands at 97.72 Read more…
American equities jumped sharply on Thursday after the strong economic data from the United States. The Dow Jones rose by more than 400 points while the S&P 500 and Nasdaq 100 indices rose by 45 Read more…
Swiss KOF Economic Barometer rose from 107.2 to 107.8 in January, above expectation of 106.0. KOF said the “various subgroups of the barometer are developing unevenly.” Outlook has improved for consumer spending and for financial Read more…
Daily Pivots: (S1) 1.1103; (P) 1.1173; (R1) 1.1214; More… Intraday bias in EUR/USD remains on the downside for the moment. Larger down trend from 1.238 has just resumed. Deeper fall should be seen to 61.8% Read more…
Daily Pivots: (S1) 1.3337; (P) 1.3403; (R1) 1.3447; More… Intraday bias in GBP/USD stays on the downside. Fall from 1.3748 should target a test on 1.3158 low first. Break there will resume larger down trend Read more…