The US dollar surged after consumer prices hit a 40-year high. Higher lows and then a close above the recent peak at 115.65 is an indication of strong bullish pressure. This breakout has propelled the Read more…
Germany’s Chambers of Industry and Commerce (DIHK) lowed 2022 growth forecasts from 3.6% to 3.0%. That is, the economy will probably not reach the pre-crisis level until middle of the year. “The economy is holding Read more…
The Euro gained pace above the 1.1420 level against the US Dollar. However, the EUR/USD pair struggled below the 1.1500 level and started a fresh decline. There was a move below the 1.1420 level the Read more…
The pound is slightly lower on Friday, after taking investors on a roller-coaster ride a day earlier. GBP/USD was up over 100 points on Thursday after the US inflation report, but the pound surrendered almost Read more…
GBPAUD has marked yet more higher lows since early-November as positive forces linger. Moreover, the pair is trading above its 50- and 200-day simple moving averages (SMA), reinforcing its overall bullish outlook. Short-term momentum Read more…
The US dollar index has experienced a minor pullback in the short-term after peaking at the 19-month high of 97.41. However, the price has regained traction since the 95.10 floor rejected a price decline twice, Read more…
GBPJPY has been trading within an ascending movement over the last two months, with a higher high around the upper band of the long-term trading range of 148.90-158.20. Yesterday, the pair reached a fresh three-and-a-half-month high near 158.05 but today; it is returning Read more…
EUR/USD During yesterday’s trading session, the bears took complete control over the market, heading the pair towards a test of the support at 1.1395. In case the bears manage to hold their positions and successfully Read more…
Markets Over the previous week, ECB Chair Lagarde’s U-turn on the inflation assessment and strong US payrolls caused hefty turbulence on interest rate markets on both sides of the Atlantic. Yesterday’s US CPI release triggered Read more…
Daily Pivots: (S1) 156.34; (P) 157.20; (R1) 158.16; More… Intraday bias in GBP/JPY stays on the upside at this point. Decisive break of 158.19 high will resume larger up trend from 123.94. On the downside, Read more…