Bitcoin soared 8.8% on Wednesday, ending the day around $41.9K. Apparently, the benchmark cryptocurrency experienced clear problems with growth above $42K. On Thursday morning we see an equally strong reversal move back to $39K. As Read more…
Brent crude experienced its biggest intraday decline yesterday, losing more than $17 on the day to $110, with the range of movements on the spot market exceeding $26.The momentum of the decline was triggered by Read more…
The Euro steadies above 1.10 level in European session on Thursday, following 1.6% rally previous day (the biggest one-day rally since Jan 9, 2019). The single currency was lifted by improved sentiment on hopes of Read more…
Stock futures retreat as oil resumes climb, Russian war enters third week; Oil, gas and food prices set to prolong inflation surge in new Fed headache; Amazon shares leap after 20-for-1 stock split; Tesla boosts Read more…
AUDUSD has pushed back above the 0.7300 handle and is recouping previously lost ground following the pullback from the 0.7431-0.7474 resistance border. The longer-term SMAs continue to retain a negative bearing but the 50-day SMA, Read more…
EUR/GBP eases ahead of ECB EURGBP is edging a few points lower, snapping a three-day winning run ahead of the ECB interest rate decision. The pair rallied 1% yesterday as Ukraine indicated that it was Read more…
US stock rallied sharply on Wednesday after falling in the past four consecutive days. The Dow Jones rose by more than 600 points while the tech-heavy Nasdaq 100 index rose by over 373 points. Some Read more…
The US 30 (cash) index failed again to touch the one-year low of 32,200 and returned higher but the near-term bias is still bearish. The 40- and the 200-day simple moving averages (SMAs) posted a death cross, confirming the Read more…
Short Term Elliott Wave View in GBPUSD suggests that the decline from February 18 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from February 18, wave (i) ended at 1.3536, and Read more…
NZDUSD shifted to the sidelines after Monday’s advance faltered near the 200-day simple moving average (SMA) and at a three-month high of 0.6924. Despite yesterday’s festive mood in the FX space, the pair could barely Read more…