American equities were relatively mixed on Monday as investors watched the performance of the bond market and the war in Ukraine. On Monday, the yield curve inverted for the first time since 2016 as the Read more…
Germany Gfk consumer sentiment for April dropped sharply from -8.5 to -15.5. In March, economic expectations dived from 24.1 to -8.9, lowest since May 2020 during the first lockdown at -10.4. Income expectations tumbled from Read more…
Markets The violence to which bonds sold off in Asian dealings yesterday eased a bit in European and US trading hours. The Japanese 10y yield stayed marginally above the 0% + 25 bps upper limit Read more…
EUR/USD At the time of writing, the currency pair is consolidating just above the support level at 1.0974 after several unsuccessful attempts to breach that level. Currently, the most likely scenario for the currency pair Read more…
Growth stocks rose amid a sell-off in the bond market. Short-term sentiment remains bullish after a series of higher lows which indicates sustained buying interest. The Nasdaq 100 is heading to the daily resistance at Read more…
The Australian dollar stalls as caution prevails ahead of major economic data. The rally slowed down at last October’s peak at 0.7550. A combination of profit-taking and fresh selling weighs on the Aussie. The bulls Read more…
The Japanese yen recouped some losses after a drop in February’s unemployment rate. The pair surged to August 2015’s high and the psychological level of 125.00. An overwhelmingly overbought RSI may cause a pullback if Read more…
US equities kicked off the week with gains; the Big Tech led gains, as oil stocks slumped following an almost 10% slump in crude oil prices. Shanghai lockdown combined with the rising Covid cases in Read more…
Daily Pivots: (S1) 1.0226; (P) 1.0263; (R1) 1.0307; More…. Intraday bias in EUR/CHF remains neutral at this point and outlook is unchanged. On the downside, break of 1.0814 will indicate that rebound from 0.9970 has Read more…
Daily Pivots: (S1) 0.8341; (P) 0.8371; (R1) 0.8419; More… Intraday bias in EUR/GBP stays neutral at this point. On the downside, below 0.8294 will resume the fall from 0.8456 to retest 0.8201 low. Firm break Read more…