Share: DXY keeps the side-lined trading well in place on Friday. The breakdown of this theme exposes a drop to the YTD low. DXY trades without clear direction below the 102.00 region at the end of the week. The index maintains the choppy activity … [Continue reading]
United Kingdom S&P Global/CIPS Services PMI came in at 54.9, above forecasts (52.9) in April
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Asian Stock Market: Nikkei 225 drops as Japan’s inflation accelerates, oil struggles to defend $77.00
Share: Asian indices are bearish after tracking negative cues from S&P500. Continuous hawkish commentaries from Fed policymakers are weighing heavily on market sentiment. Accelerating Japan’s CPI indicates that the BoJ is well on track to … [Continue reading]
Australia S&P Global Services PMI climbed from previous 50.7 to 52.6 in April
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/MXN at two-day Low as Mexican Peso strengthens on sluggish US data
Share: Disappointing macroeconomic data releases from the US weigh on US Dollar. Fed’s Mester: Rates must peak above 5% and hold there for a while. Mexican Retail Sales missed estimates, according to INEGI, though The Mexican Peso (MXN) gains … [Continue reading]
United States Existing Home Sales (MoM) below forecasts (4.5M) in March: Actual (4.44M)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/CAD sticks to gains near one-week high, around 1.3470-75 area amid tumbling Oil prices
Share: USD/CAD consolidates its recent strong recovery gains to over a one-week high. Tumbling Crude Oil prices undermines the Loonie and lends support to the pair. A modest USD downtick caps the upside, though the setup favours bullish … [Continue reading]
WTI Price Analysis: Oil bears struggle to keep the reins, $78.00 is the key
Share: WTI crude oil remains pressured at the lowest levels in 13 days, prints four-day downtrend. 100-EMA, one-month-old ascending support line challenge energy bears. Looming bear cross on MACD, RSI retreat keeps Oil sellers hopeful. Oil price … [Continue reading]
GBP/USD Price Analysis: Cable buyers remain cautious below tested 1.2470 resistance
Share: GBP/USD struggles to defend latest gains, prints mild losses while snapping two-day uptrend. Clear downside break of one-month-old previous support line joins sluggish MACD signals, steady RSI to tease sellers. 100-EMA, ascending support … [Continue reading]
EUR/USD bulls holding in the 1.09s front side of bullish trend
Share: EUR/USD has found its footing in the daily trendline support. Bears eye a break below 1.0910 that will open risk to 1.0830 structure. EUR/USD is down some 0.16% after falling from a high of 1.0984 and reaching as low as 1.0917 as the … [Continue reading]