NZD/JPY and AUD/JPY are breaking down, together with US stocks. At the time of writing, DOW is down -1.5%, S&P 500 down -1.78% and NASDAQ even -2.5%. NZD/JPY’s strong break of 77.96 resistance turned support Read more…
At mid-day on Monday, the price for gold broke the resistance of the 1,800.00 mark and shortly traded above this level. However, the surge was stopped and reversed by the 100-hour simple moving average at Read more…
Intel gets slammed on social media after reportedly removing references to the Chinese region of Xinjiang from an open letter it sent to suppliers. Intel (INTC) – Get Intel Corporation Report was being blasted on social Read more…
Markets It’s testament to current market sentiment that Friday’s comments by the ranking number two in Frankfurt, ECB chief economist Lane, barely caught attention whereas weekend comments by ECB governing council member Schnabel are today’s Read more…
The EUR/USD broke the triangle pattern in a sharp move upwards, as it should have happened in theory of the triangle. The surge ended at the 1.1365 level. From that level the currency exchange rate Read more…
Despite falling prices, one crypto analyst says bitcoin ‘could see a massive breakout in 2022 and take the crypto market with it.’ Cryptocurrency prices were down Monday as the sector was battered by interest rate Read more…
A recovery of the USD/JPY pair from the 115.20 level on Monday revealed the lower border of a channel-down pattern. The pattern has been guiding the rate since January 4. During the second half of Read more…
Ethereum extends recent down trend today and hit as low as 2927.20, just ahead of 61.8% retracement of 1715.62 to 4863.75 at 2918.20. Further decline is expected as long as 3245.45 resistance holds. Decline from Read more…
America sold more hybrid cars compared to electric vehicles in 2021 even as car companies supercharge their future plans geared towards EVs. Hybrid car sales trumped its electric counterparts in 2021 even as legacy auto Read more…
Global bond yields hit fresh highs; stocks retreat The Fed’s new message, which sparked fears that inflation could be tough to contain, and hence could require faster-than-expected rate hikes during the year, continued to weigh Read more…