The Euro fell to new five-year low in European trading on Thursday, following eventual break of previous low at 1.0471, above which the pair was consolidating in past two weeks. Persisting risk aversion on growing Read more…
Cable extends steep fall of past four weeks and probed below 1.22 handle to hit new 2022 low. Weak UK GDP data, released today, added to negative sentiment, fueled by risk aversion that continues to Read more…
Silver’s long-term neutral outlook is at risk of a downgrade as the bears keep challenging the floor around 21.40 despite yesterday’s poor upturn. The RSI and the Stochastics reflect oversold conditions, though neither of those Read more…
The euro has fallen close to the 1.04 level, which has held since January 2017. In the European session, EUR/USD is trading at 1.0429, down 0.81% on the day. ECB hints at a rate hike Read more…
Stock futures slide, dollar leaps as tech rout continues; Disney shares slump as muted outlook clouds impressive streaming gains; Apple shares extend bear slump as Foxconn cautions on smartphone demand; Beyond Meat shares plunge as Read more…
BoE Deputy Governor Governor Dave Ramsden told Bloomberg that stronger than expected job market could push inflation further higher from current 7% to 10% before year end. “Given what we know about the UK labor Read more…
AUDUSD has pierced beneath the 0.6900 border and is eyeing the lower Bollinger band, located within the key 0.6776-0.6840 support boundary that stretches back to mid-June 2020. While the longer-term 100- and 200-day simple moving Read more…
The tides in FX are turning and after a period where the JPY was smashed on a central bank divergence thematic, some are now seeing ‘value’ and buying JPY, others covering JPY shorts. With implied Read more…
NZDUSD switched to a bearish mood again on Thursday after a neutral session, stretching its downtrend to a fresh two-year low of 0.6235. In technical indicators, the MACD remains negatively charged below its red signal Read more…
BTCUSD has come under tremendous selling pressure in the past few daily sessions, generating a fresh 16-month low. Overall, the technical picture has started to deteriorate, with a series of lower lows and lower highs forming Read more…