WTI crude climbed higher after a larger-than-expected fall in US inventories. A close above the daily resistance at 79.00 was a strong bullish sign. Following a brief pause, the rally accelerated above 80.40. Sentiment remains Read more…
Gold edged higher as the US dollar softened across the board. The precious metal has met stiff selling pressure in the supply zone around 1830. This level used to support from last November’s sell-off. The Read more…
The US dollar plunged after December’s CPI slowed down to 0.5% from 0.8% in November. Despite a swift recovery from the daily support at 0.9100, price action came under pressure once again at December’s supply Read more…
Daily Pivots: (S1) 156.68; (P) 157.19; (R1) 157.62; More… GBP/JPY is staying in consolidation from 157.74 and intraday bias remains neutral first. Further rally is expected with 154.86 support intact. On the upside, decisive break Read more…
Daily Pivots: (S1) 130.92; (P) 131.20; (R1) 131.43; More…. EUR/JPY is still bounded in consolidation from 131.59 and intraday bias remains neutral. Further rise is expected with 130.01 support intact. Whole consolidation from 134.11 could Read more…
Daily Pivots: (S1) 0.8334; (P) 0.8344; (R1) 0.8360; More… Intraday bias in EUR/GBP is turned neutral for consolidation above 0.8322 temporary low. In any case, outlook will stay bearish as long as 0.8417 resistance holds. Read more…
Daily Pivots: (S1) 1.5669; (P) 1.5727; (R1) 1.5763; More… Intraday bias in EUR/AUD stays neutral and outlook is unchanged. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support Read more…
Daily Pivots: (S1) 1.0430; (P) 1.0468; (R1) 1.0498; More…. EUR/CHF retreated sharply after hitting 1.0510 and intraday bias is turned neutral first. Corrective rebound from 1.0342 could extend higher. But strong resistance should be seen Read more…
Markets US headline inflation in December hit the expected 4-decade high of 7% mark yesterday, even as energy and natural gas prices – a month’s-long driver – eased month over month. In another sign of Read more…
EUR/USD During yesterday’s trading session, the bulls have managed to violate the critical resistance level at 1.1360, taking out the currency pair from the range it has been trading in for quite a while. The Read more…