Stock futures bounce higher as U.S, Russia set Ukraine crisis talks; Roku shares plunge as investment ramp, streaming slump tames outlook; Intel shares edge lower after cautious investor day presentation; Shake Shack shares slump on Read more…
USDCAD is trading just beneath the horizontal 50-day simple moving average (SMA) around 1.2706 as a three-week consolidation period seems to have the pair chained between the 1.2635 and 1.2796 boundaries. The overall neutral trajectories Read more…
UK retail sales added 1.9% in January, following a dip of 4.0% a month earlier. By the same month a year earlier, the increase was 9.1%, as January 2021 saw a sharp tightening of the Read more…
UK retail sales bounce back UK retail sales rebounded in January, with a gain Uof 1.9% m/m, its highest monthly gain since April 2021. The increase followed a decline of 4.0% in December and beat Read more…
Cable maintains firm tone and stays above broken 1.3600 barrier in early Friday, extending advance into fourth straight day and on track for the third consecutive bullish weekly close. Pound remains underpinned by expectations of Read more…
GBPJPY has been quite neutral this week, tiptoeing sideways, below the 157 level, but the market action continues to take place above the 20-day simple moving average (SMA) and the upper bullish Bollinger area, suggesting buyers Read more…
The S&P 500 struggles as the Russia-Ukraine crisis persists. The previous rebound has met stiff selling pressure over the 30-day moving average (4590). A pullback has sent the RSI into the oversold territory, triggering some Read more…
The New Zealand dollar climbed higher as the RBNZ can lift its cash rates next week. Price action came under pressure on the 30-day moving average (0.6730). However, strong support at 0.6590 builds a case Read more…
The Australian dollar finds support from a low jobless rate in January. The pair has previously hit resistance in the supply zone around 0.7250. This is a daily resistance from the sell-off in late January. Read more…
EUR/USD During yesterday’s trading session, the currency pair consolidated just below the resistance zone at 1.1370, and at the time of writing, it is headed towards a test of this resistance. A confirmed breach of Read more…