Strong rise in early Monday trading is about to fully reverse last week’s 162.84/160.47 pullback, which marked a healthy correction (contained by Fibo 23.6% of 155.02/162.84 upleg) of larger uptrend. Completion of reversal pattern on daily chart confirms scenario as traders entered fresh longs at better levels, encouraged by absence of real action from Japan’s […]
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It seems the ‘Big Short’ Michael Burry isn’t easing up on his criticism of the AI trade anytime soon. The hedge fund investor who became famous for betting against the 2008 housing bubble has spent Read more…
The stabilisation of the political situation in Britain is driving the GBPUSD rally. Traders are wondering: Were there currency interventions in Japan? Or is fear to blame? The US dollar managed to recover towards the Read more…
EUR/USD is trading around 1.1432 on Monday. At the end of last week, the main currency pair posted modest gains. Weaker-than-expected US labour market data and lower oil prices have weighed on the US dollar, Read more…