The Dow Jones 30 recoups losses as traders await details on the Fed’s monetary tightening. Breaks below daily supports at 34700 and 34000 have forced buyers to liquidate in bulk. The index saw bids at Read more…
The safe-haven Swiss franc retreats as global panic selling takes a breather. A bullish RSI divergence shows a slowdown in the sell-off momentum. Then a rally above 1.0355 has prompted some sellers to cover, taking Read more…
The US dollar inches lower as traders take profit ahead of the Fed meeting. The euro’s struggle to stay above 1.1360 indicates buyers’ weak interest in holding onto previous gains. The latest rebounds have failed Read more…
The British Pound started a fresh decline from the 1.3600 resistance zone against the US Dollar. The GBP/USD pair traded below the 1.3500 level to move into a short-term bearish zone. It traded as low Read more…
American shares continued their volatility on Tuesday as investors waited for the upcoming interest rate decision by the Federal Reserve that will come out later today. Economists expect that the Fed will deliver a relatively Read more…
Markets The sell-off on European stock markets paused following Monday’s WS intraday comeback, but “rebound” gains remained limited to 0.5%-1%. Main US indices lost 0.2% (Dow), to 2.3% (Nasdaq), but closed off worst intraday levels. Read more…
Trading in the US equities remains hectic, unpredictable and full of surprises. The escalating tensions in the Ukrainian border, Biden threatening Putin with personal sanctions, IMF cutting the US and Chinese growth outlooks, combined to Read more…
Market movers today Today’s highlight will be the FOMC meeting. We expect Fed to keep policy rates unchanged, but reinforce signals for a March hike. As it is one of the interim meetings, no updated Read more…
Daily Pivots: (S1) 1.1268; (P) 1.1298; (R1) 1.1334; More… Intraday bias in EUR/USD remains mildly on the downside. Corrective rebound from 1.1185 should have completed at a.1482. Deeper fall would be seen back to 1.1185 Read more…
Daily Pivots: (S1) 1.3455; (P) 1.3487; (R1) 1.3537; More… GBP/USD recovered after dropping to 1.3435 and intraday bias is turned neutral first. As noted before, rebound from 1.3158 could have completed at 1.3748 already. More Read more…