USDJPY has retreated from its January high, crossing below its 50-period simple moving average (SMA) amid strengthening negative forces. However, despite the short-term negativity, the pair’s overall outlook is still positive amid successive higher highs Read more…
GBPUSD is currently positioned at a crucial make-or-break point, testing the top line of the seven-month-old bearish channel slightly below the 1.3600 psychological level. A decisive close above that threshold could bring new buyers into the market, with the Read more…
According to BoJ’s December public opinion survey, 78.8% of the respondents said they expect price levels to go out one year from now. That’s a notable increase from September’s 68.2% and the highest level since Read more…
In an interview, ECB chief economist Philip Lane pointed to the December economic projections, and said, ” inflation will fall this year, and that it will go below our 2 per cent target in 2023 and Read more…
EUR/USD The sell-off of the EUR/USD was limited to the level at 1.1315 and the bulls took back control over the market. During the early hours of today`s trading, the European common currency is still Read more…
AUDUSD attempts rebound The Australian dollar bounces back over strong retail sales in November. The pair saw bids near a previous trough (0.7130). The RSI’s double-dip into the oversold area attracted some traders in taking Read more…
The Nasdaq 100 index sell-off persisted on Monday as US bond yields continued rallying. The tech-heavy index declined by over 300 points, pushing it to a correction territory. Other indices like the Dow Jones and Read more…
Markets Yesterday started with a continuation of last week’s trading dynamics but ended quite differently. European equities slipped about 1.5%. Wall Street in early trading recorded losses as deep as 2.7% for the Nasdaq before Read more…
Daily Pivots: (S1) 0.7148; (P) 0.7176; (R1) 0.7202; More… Intraday bias in AUD/USD remains neutral as range trading continues. On the downside, break of 0.7081 support will indicate that corrective rebound from 0.6992 has completed Read more…
Daily Pivots: (S1) 1.2623; (P) 1.2661; (R1) 1.2711; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. On the downside, firm break of 1.2619 support will complete a head and should top pattern Read more…