Gold tumbled after the US Fed signaled it may raise interest rates in March. The rally stalled at 1853 and a break below the resistance-turned-support at 1830 flushed some buyers out. 1810 at the base Read more…
The New Zealand dollar steadied after the Q4 CPI beat expectations. However, the pair is still in bearish territory after it broke below the lower end (0.6750) of the flag consolidation from the daily time Read more…
The Canadian dollar slipped after the BOC kept interest rates unchanged. Its US counterpart found support at 1.2560 after a brief pullback. An oversold RSI attracted some bargain hunters. The current rebound is a sign Read more…
The price of crude oil jumped in the overnight session as investors continued focusing on the ongoing tensions between the US and Russia. The US accuses Russia of attempting to invade Ukraine again. The last Read more…
Markets This time really is different. Fed Chair Powell couldn’t make it more clear to all remaining doubters. The economy is stronger than at the start of the previous tightening cycle, inflation is running way Read more…
Daily Pivots: (S1) 153.81; (P) 154.27; (R1) 154.87; More… Intraday bias in GBP/JPY remains neutral at this point. Outlook is unchanged that fall from 157.74 is seen as the third leg of the consolidative pattern Read more…
Daily Pivots: (S1) 128.60; (P) 128.92; (R1) 129.24; More…. Intraday bias in EUR/JPY remains neutral for some consolidations above 128.23 temporary low. Outlook is unchanged that consolidation pattern from 134.11 is extending with another falling Read more…
Daily Pivots: (S1) 1.2586; (P) 1.2637; (R1) 1.2714; More… USD/CAD’s rise from 1.2448 resumed after brief retreat and intraday bias back on the upside for 1.2812 resistance first. Break there will target 1.2963 high next. Read more…
Daily Pivots: (S1) 114.07; (P) 114.38; (R1) 114.99; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, break of 115.05 minor resistance will revive near term bullishness and bring retest of Read more…
Daily Pivots: (S1) 0.9194; (P) 0.9220; (R1) 0.9268; More…. USD/CHF rises further to as high as 0.9256 so far today and focus is now on 0.9276 resistance. Break there should resume the choppy rise from Read more…