Gold brought the 2,000 number back into scope after halting Friday’s setback near the former resistance of 1,959. The RSI and the MACD are currently heading northwards, endorsing the bullish appetite in the market. Of course, the Read more…
EUR/USD The single European currency continued its weekly trend and fell sharply against the U.S. dollar on the last trading day last week. The reason for the strong bearish attack was the decision to keep Read more…
Following a shortened trading week in which equities declined, commodity prices shot higher, and US 10-year Treasury yields hit a new three-year high, US equity futures are pointing to further selling pressure this morning. Recession Read more…
The Canadian dollar rallies thanks to the Bank of Canada’s hawkish stance. A break above last month’s high and the psychological level of 100.00 has put the pair back on track after a 2-week long Read more…
The ECB’s patience regarding its monetary policy continues to weigh on the single currency. The latest drop below the daily support (0.8300) is an invalidation of the recent rebound and could further depress the euro. Read more…
The US dollar edged higher as Treasury yields touched a 3-year high. A surge above the supply zone around 0.9370 is a strong sign that the bulls have regained control of the direction. The daily Read more…
DXY: Price is near key pivot level. We see a potential for bearish reversal from 1st resistance level of 100.762 in line with 127.2% Fibonacci extension towards the 1st support level of 99.434 along with Read more…
Key Highlights EUR/USD extended decline below the 1.0820 support. A key bearish trend line is forming with resistance near 1.0915 on the 4-hours chart. GBP/USD could accelerate lower if it settles below 1.3000. USD/JPY traded Read more…
EUR/USD: Fed’s Apples and ECB’s Oranges The dollar continues to strengthen, while the EUR/USD pair moves down. A week’s low was recorded at 1.0757 after the ECB meeting on Thursday, April 14. After correction, the final chord, Read more…