AUDUSD found strong support at the 18-month trough of 0.6965 in the previous week, rallying towards the 20-day simple moving average (SMA). However, the RSI indicator is suggesting a weakening bias as it is turning lower in Read more…
WTI crude continues to climb as OPEC+ refuses to raise its output limit. The RSI inched into the overbought territory on the daily chart after a new high above 85.00. The bulls could be wary Read more…
The S&P 500 rallies over better-than-expected corporate earnings. A break above 4490 has eased the selling pressure on the index. The former daily support at 4600 is now a key resistance that lies over the Read more…
The billions bounce higher as the US dollar softens across the board. Gold is looking to claw back losses from the liquidation in late January. A close above the psychological level of 1800 would be Read more…
EUR/USD The attempt for a violation of the resistance zone at 1.1320 was not successful and the euro erased a small part of its recent gains against the dollar. During the early hours of today`s Read more…
The US dollar stabilized against key currencies after surprise data by ADP Institute. The report showed that the private sector lost more than 300k jobs in January after it added 776k jobs in the previous Read more…
Markets You could almost hear jaw drops in Frankfurt yesterday. European inflation unexpectedly accelerated to 5.1% y/y in January, defying expectations for a base-effect driven decline. Core inflation fell by less than hoped for, to Read more…
Yesterday’s ADP data showed that the US economy lost some 300’000 private jobs in December, versus 185’000 job additions expected by analysts, but no one cared. No one cared because first, we knew that the Read more…
Daily Pivots: (S1) 1.1272; (P) 1.1301; (R1) 1.1335; More… Intraday bias in EUR/USD remains mildly on the upside for 1.1482 resistance. Firm break there will argue that a medium term bottom was formed on bullish Read more…
Daily Pivots: (S1) 1.3531; (P) 1.3559; (R1) 1.3601; More… Intraday bias in GBP/USD remains mildly on the upside for 1.3748 resistance. Firm break there will revive the case that correction from 1.4248 has completed with Read more…