The Dow Jones 30 inches higher supported by better-than-expected earnings. The index steadied after successive breaks above 34800 and 35450. Nonetheless, the recent recovery slowed down on the 30-day moving average, a sign of a Read more…
The sterling turns higher as traders price in an increasingly hawkish Bank of England. A break above 1.3520 forced sellers to cover some of their positions. However, the pound’s rally came to a halt in Read more…
The euro fell back after ECB President Lagarde tried to cool rate hike expectations. The rally came under pressure at the January peak of 1.1480. The RSI’s overextension at this daily resistance prompted momentum buyers Read more…
EUR/USD The corrective phase for the EUR/USD was limited to the support at 1.1409, and during the early hours of today`s trading, the pair is hovering just above the mentioned zone. The current expectations are Read more…
American stocks wavered on Tuesday as investors reflected on the latest corporate earnings. The Dow Jones rose by 100 points while the S&P 500 and Nasdaq 100 declined by about 0.20% each. Peloton rose by Read more…
Markets The repositioning/sell-off on core bond markets yesterday simply built on the established dynamics even without high profile eco news. A bit different from recent dynamics, the rise in core yields this time didn’t really Read more…
The British Pound remained well bid above the 1.3500 level against the US Dollar. The GBP/USD pair is slowly rising and trading above the 1.3520 level. There was a break above the 1.3550 resistance and Read more…
Risk sentiment improves both in the European and the American stock markets since yesterday, thanks to the abating sovereign bond selloff. Yet, the sovereign bond bears are not far with the prospects of less central Read more…
Daily Pivots: (S1) 155.89; (P) 156.31; (R1) 156.95; More… Intraday bias in GBP/JPY is back on the upside as rebound from 152.88 resumes. Further rise should be seen to 157.74/158.19 resistance zone Decisive break there Read more…
Daily Pivots: (S1) 131.59; (P) 131.81; (R1) 132.15; More…. Intraday bias in EUR/JPY remains neutral first. Some consolidations could be seen below 132.11 temporary top. But downside should be contained well above 128.23 support to Read more…