WTI oil futures have stabilized, tiptoeing across the 89.70-90.72 support barrier after a pullback from the near 7½-year high of 93.15. The soaring simple moving averages (SMAs) are safeguarding the broader positive structure despite the Read more…
It’s happening again – despite another ratchet higher in U.S. real yields gold is creeping higher. Post last week’s more robust than expected U.S. jobs data and hawkish BoE and ECB meetings, the U.S. 10-year Read more…
EURJPY has been in a battle with the 131.60 support level over the last couple of sessions, holding below the long-term descending trend line. It is worth to mention that the price remains well above Read more…
EUR/USD The first trading day of the week passed calmly and the pair entered a corrective phase after reaching the resistance at 1.1480. The onset of the bears around this level seems hesitant and is Read more…
The FTSE 100 rallies supported by solid performance in the commodity sector. The recent rebound hit resistance near the January peak at 7640. Narrowing consolidation and higher highs suggest increased buying pressure. A bullish breakout Read more…
The New Zealand dollar edges lower amid cautious market sentiment at the start of the week. The pair previously bounced off September 2020’s low around 0.6530. However, 0.6700 on the 20-day moving average so far Read more…
Gold continues to recover as the US dollar treads water. The previous fall below the daily support at 1785 had put the bulls on the defensive. The RSI’s oversold signal attracted some buying interest and Read more…
Markets In a session with few important data, the bond market sell-off slowed yesterday. However, the yield upleg triggered last week as ECB’s Chair Lagarde opened the door for a policy reassessment in March and Read more…
Daily Pivots: (S1) 155.19; (P) 155.75; (R1) 156.34; More… GBP/JPY is staying inc consolidation from 156.48 temporary top. Intraday bias remains neutral for the moment. The consolidation pattern from 158.19 could still extend further. On Read more…
Daily Pivots: (S1) 131.22; (P) 131.71; (R1) 132.16; More…. Intraday bias in EUR/JPY is turned neutral with a temporary top formed at 132.11. Some consolidations could be seen first. But downside should be contained well Read more…