EURAUD is reversing lower following the pullback on the eleven-year top of the 1.8200 handle, which overlaps with the 261.8% Fibonacci extension level of the downfall from 1.6790 to 1.5890. The pair today has declined to the nearby 161.8% Fibonacci extension of 1.7320, with backing from the technical indicators. The short-term oscillators suggest an increase […]

Sterling recovers after BoE cut on hopes for a stimulative budget later today Market mood sours again as news flow stays negative and Trump’s stimulus plans underwhelm    Dollar stages a comeback as US Treasury yields rebound somewhat BoE mimics Fed, slashes rates between meetings The Bank of England (BoE) took a page out of […]

EURGBP regained positive momentum above the 200-day simple moving average (SMA) on Wednesday that kept the bulls under control since the start of the month and is currently in battle with the 0.8800 area. Earlier, the pair confirmed a bullish double bottom pattern by breaking the neckline around 0.8594 and now the bullish cross competed […]

AUDUSD is recovering some of Monday’s losses as it plummeted towards an eleven-year trough of 0.6310 but reversed quickly higher. Currently, the pair is trading near the 0.6500 psychological mark and the flattening red Tenkan-sen line. The RSI indicator is sloping marginally up in the negative territory, suggesting a possible upside correction, while the MACD […]

EURNZD’s fierce move yesterday stretched towards nearly a 9-year high of 1.8980 before sellers pulled the pair south to around 1.8016, which is a high from back in September of 2015 (previous resistance-now-support). The positive picture still looks intact with the upward sloping simple moving averages (SMAs) and a nearing bullish cross of the 100 […]

EURNZD’s fierce move yesterday stretched towards nearly a 9-year high of 1.8980 before sellers pulled the pair south to around 1.8016, which is a high from back in September of 2015 (previous resistance-now-support). The positive picture still looks intact with the upward sloping simple moving averages (SMAs) and a nearing bullish cross of the 100 […]

UK GDP growth readings for January will be out on Wednesday at 09:30 GMT but the government’s budget may steal the show around 12:30 GMT as markets anticipate the new minister of finance to take actions against the deadly coronavirus outbreak. While the data may prove a weak market mover, the budget statement, although expected […]

UK GDP growth readings for January will be out on Wednesday at 09:30 GMT but the government’s budget may steal the show around 12:30 GMT as markets anticipate the new minister of finance to take actions against the deadly coronavirus outbreak. While the data may prove a weak market mover, the budget statement, although expected […]

US dollar index futures jumped above the 17-month trough of 94.60 today and spiked near the 96.00 number, filling the negative gap posted on Monday. The RSI penetrated the downtrend line to the upside in the oversold zone, suggesting a potential upside correction of the aggressive selling interest, while the MACD is still falling below its trigger and zero lines. […]

US dollar index futures jumped above the 17-month trough of 94.60 today and spiked near the 96.00 number, filling the negative gap posted on Monday. The RSI penetrated the downtrend line to the upside in the oversold zone, suggesting a potential upside correction of the aggressive selling interest, while the MACD is still falling below its trigger and zero lines. […]

GBPAUD after the aggressive bullish action towards a four-year high of 2.0763, returned near its opening level on yesterday’s session below 2.0000. However, chances for a downside reversal are minimal, as the 20-day simple moving average (SMA) remains above the 40-day SMA for more than a month now. Additonal evidence comes from the MACD as it continues […]

Risk sentiment recovers on Tuesday, after a catastrophic Monday However, the rebound is relatively modest – a sign that concerns remain and that this may be a temporary calm Dollar stages a comeback, US Democratic primary continues today Yen pulls back, stocks recover on ‘turnaround Tuesday’ After a wild session on Monday that saw riskier […]

EURJPY’s latest rally from a six-month low of 116.11 – which recouped all of yesterday’s aggressive drop – has been capped by the 50-period simple moving average (SMA), resulting in the price returning somewhat around the mid-Bollinger band currently at 118.32. The technical oscillators also reflect a very short-term stall in the up move. The […]

EURJPY’s latest rally from a six-month low of 116.11 – which recouped all of yesterday’s aggressive drop – has been capped by the 50-period simple moving average (SMA), resulting in the price returning somewhat around the mid-Bollinger band currently at 118.32. The technical oscillators also reflect a very short-term stall in the up move. The […]

GBPUSD has been in a descending channel over the last three months as the 1.3200 handle seems to be a real struggle for the bulls. During yesterday’ session the pair posted an upside spike towards the upper boundary of the Ichimoku cloud and the channel but failed to exit the range. Technically, the price could […]

EURNOK looks to have paused in the very short-term, after reversing from the fresh top of 10.9953. Despite the slight weakening in positive momentum reflected in the technical oscillators, positive signals are still evident within the upward sloping simple moving averages (SMAs). The MACD, although appearing to ease slightly, is in the positive area and […]

Consumer and producer price figures – due Wednesday and Thursday, respectively, at 13:30 GMT – will be the main release out of the United States this week. But with the economic climate being presently overrun by the sweeping coronavirus epidemic, the data will probably be overlooked as policymakers pay more attention to forward looking indicators. […]

Palladium futures look to have encountered significant support from the 50-day simple moving average (SMA) and the 2,250 level, which is the 38.2% Fibonacci retracement of the up leg from 1,376 to 2,786.16. The retracement off the fresh all-time high of 2,786.16, which has extended until the 38.2% Fibo of 2,250, is aided by the […]

USDCHF is recouping some of today’s losses after it plummeted to an almost five-year low of 0.9182. The price has turned its short-term bias from neutral to strongly negative after the downfall from the 0.9630 area. The RSI appears to be turning slightly to the upside in the oversold zone, however, the MACD is suggesting […]

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The US 500 index (Cash) continues the sharp sell-off, extending its negative momentum towards a six-month low of 2,819. The outlook turned negative in the short-term with the MACD oscillator holding well below the trigger line in the bearish area, while the RSI is approaching the oversold zone with strong momentum. Also, the red Tenkan-sen […]

The US 500 index (Cash) continues the sharp sell-off, extending its negative momentum towards a six-month low of 2,819. The outlook turned negative in the short-term with the MACD oscillator holding well below the trigger line in the bearish area, while the RSI is approaching the oversold zone with strong momentum. Also, the red Tenkan-sen […]

Investors in panic mode as oil collapses, sending shockwaves through markets Global stocks plunge, commodity currencies flash crash, dollar in agony as markets discount aggressive Fed cuts Japanese yen the main winner, gold briefly tops $1700, euro capitalizes Markets in mayhem as oil price war compounds virus fears It’s been a dramatic beginning to the […]

Investors in panic mode as oil collapses, sending shockwaves through markets Global stocks plunge, commodity currencies flash crash, dollar in agony as markets discount aggressive Fed cuts Japanese yen the main winner, gold briefly tops $1700, euro capitalizes Markets in mayhem as oil price war compounds virus fears It’s been a dramatic beginning to the […]