The pound popped higher after the BOE raised interest rates to 0.5%. The latest rebound above the resistance at 1.3520 has prompted sellers to cover. Then the rally is accelerating towards 1.3660 which is a Read more…
The euro soared as traders bet that persistent inflation could force the ECB to act sooner than later. A break below the daily support at 1.1300 had put the single currency under pressure. However, a Read more…
USDCAD is rising somewhat in the short-term, hovering within the Ichimoku cloud and the 20- and 40-day simple moving average (SMAs). Regarding the technical indicators, the RSI indicator is pointing slightly upwards in the positive Read more…
EUR/USD Since the beginning of the week, we have witnessed the appreciation of the single European currency against the U.S. dollar, as at the time of writing the analysis, the currency pair is sitting just Read more…
Markets A hawkish hike and a hawkish hold. The Bank of England raised rates by 25 bps to 0.50%, initiated the natural roll off of the balance sheet and will actively start selling from the Read more…
Facebook got severely hammered yesterday, and not even a 25% drop could bring in the dip buyers, so one of the biggest tech stocks of America – and the world shed some $250 billion in Read more…
Crude oil price started a fresh increase above the $85.00 resistance against the US Dollar. The price remained well bid and it even surpassed the $88.00 level. There was a close above the $88.50 level Read more…
The EURUSD pair rose sharply after the latest interest rate decision by the European Central Bank. The pair initially moved sideways and then rose during the speech of Christine Lagarde. In its statement, the country’s Read more…
Market movers today The most important release today will be the jobs report from the US. Based on the ADP jobs report and comments from the White House, non-farm payrolls probably declined due to sick Read more…
Daily Pivots: (S1) 1.1322; (P) 1.1386; (R1) 1.1505; More… Intraday bias in EUR/USD remains on the upside for 1.1482 resistance. Considering bullish convergence condition in daily MACD, a medium term bottom could be in place Read more…