Monday’s these days usually present a confusing picture to investors, and this one is no different. Reuters is reporting that both Ukraine and Russia appear to be making progress towards substantive negotiations. That gave some Read more…
Gold price started a downside correction from well above $2,050 against the US Dollar. The price broke the $2,020 support level to enter a short-term bearish zone. The price even declined below $2,000 and the Read more…
EUR/USD The beginning of the week started with the European currency attempting to restore its positions against the dollar. After the market opened, the euro’s attempt at breaching the resistance at 1.0936 was unsuccessful. If Read more…
The FTSE 100 recoups losses as Britain’s GDP beat expectations in January. The rebound has gained traction after it broke above 7200. After a brief pause, the index met buying interest over 7050 and a Read more…
The euro continues upward after the ECB left the door open to an interest rate hike. A pop above 128.60 has prompted sellers to reconsider their bets. However, traders can expect strong bearish pressure in Read more…
The Canadian dollar surged after a sharp drop in February’s unemployment rate. A break above the recent peak at 1.2875 has consolidated the US dollar’s lead. The RSI’s repeatedly overbought condition has led to some Read more…
Market movers today We start the week in a quiet fashion on the data front, but for markets developments in the Ukraine war and commodity prices will remain the key focus. US national security adviser Read more…
Daily Pivots: (S1) 152.11; (P) 152.76; (R1) 153.57; More… Intraday bias in GBP/JPY remains neutral for the moment, and further decline is expected with 155.20 resistance intact. On the downside, break of 150.95 will resume Read more…
Daily Pivots: (S1) 127.39; (P) 128.22; (R1) 128.86; More…. Intraday bias in EUR/JPY remains neutral at this point. On the upside, sustained trading above 55 day EMA (now at 129.30) will argue that correction from Read more…
Daily Pivots: (S1) 0.8349; (P) 0.8384; (R1) 0.8407; More… Intraday bias in EUR/GBP remains neutral at this point. On the upside, above 0.8434 will target 0.8476 structural resistance first. Firm break there will carry larger Read more…