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…
Market movers today Focus remains on possible peace negotiations between Russia and Ukraine. Yesterday, we published the first part of a series of publications where we analyse the implications from the war in Ukraine, Research Read more…
WTI crude tumbled after the UAE said consider boosting production. The parabolic climb came to a halt at 129.00 and pushed the RSI into an extremely overbought condition on the daily chart. A bearish RSI Read more…
The sterling claws back losses as risk appetite makes a timid return across the board. Following a three-month-long rebound on the daily chart, a lack of support at 1.3200 and a bearish MA cross shows Read more…
The euro rallies on news that the EU may issue a joint bond to fund energy and defense. The pair found bids near May 2020’s lows (1.0810). An oversold RSI on the daily chart prompted Read more…
EUR/USD The European common currency recovered quite a bit of its recent losses against the greenback, and during the early hours of today`s trading, the pair tested the resistance zone at 1.1055. A confirmation of Read more…
Markets Full-blown risk-on. Equities rallied like there was no tomorrow with gains in Europe reaching almost 8% (German Dax) and up to 3.6% on Wall Street (Nasdaq). The EuroStoxx50 (+7.44%) convincingly smashed resistance at 3608 Read more…
The mind-blowing rally in the European and US stock markets was quite hard to explain. The optimism from the announcement that the EU would issue a massive joint bond to finance the skyrocketing costs of Read more…
Daily Pivots: (S1) 151.87; (P) 152.32; (R1) 153.19; More… Intraday bias in GBP/JPY remains neutral for consolidation above 150.95. Further decline is still expected as long as 155.20 resistance holds. On the downside, break of Read more…