NZDUSD is creating higher highs and higher lows in the short-term, following the rebound off the 16-month low of 0.6524. Currently, the price is failing to surpass the 38.2% Fibonacci retracement level of the down Read more…
USDJPY is setting another foothold marginally below the 115.00 round level and near the supportive trendline, which now looks to be part of an ascending triangle pattern with an upper boundary at 116.33. This type of triangle Read more…
Brent breaks above $110 in fresh seven-year peak Markets to watch how OPEC+ interprets Russia risks Geopolitical crisis remains primary near-term market driver Fed may alter rate hike plans in light of Ukraine crisis Brent Read more…
Why are oil and gas prices soaring? Is there hope for a drop in energy prices? What do the charts of WTI and NatGas tell us? In response to a worsening of geopolitical environment concerning Read more…
Short Term Elliott Wave View in USDJPY suggests the rally to 116.34 ended wave (1) on February 10, 2022. Pair has since turned lower in wave (2) with internal subdivision as a zigzag Elliott Wave Read more…
The significance of OPEC’s meeting has diminished somewhat with Russia stealing headlines, and four key members intending to stick to raising output by 400k bpd. Asian Indices: Australia’s ASX 200 index rose by 6.7 points Read more…
Markets The war in Ukraine yesterday again triggered an outright risk-off session. The uncertainty on how far the conflict will go is evidently the first concern. However, from an economic point of view, markets fear Read more…
The barrel of US crude jumped more than 11.5% yesterday and soared another 2% to $111 mark this morning, as the cruelty of the Ukrainian war pushes the US to ban the purchase of Russian Read more…
Market movers today Everything is still about the Russian invasion of Ukraine and we continue to expect volatile markets near-term. Today, the peace negotiations between Russia and Ukraine continue but with the war continuing we Read more…
EUR/USD The currency pair failed to overcome the resistance at 1.1232 and was strongly sold off with the opening of European markets. Support at 1.1180 has been breached and the bears are testing the bottom Read more…