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]
USD/JPY seems fundamentally overvalued – Danske Bank
Share: Analysts at Danske Bank see the USD/JPY as overvalued and expected it to drop to 127.00 in a three-month period. Key quotes: “USD/JPY seems fundamentally overvalued, and together with our base case of monetary policy tightening … [Continue reading]
Dogecoin price provides DOGE holders last opportunity before 45% rally
Share: Dogecoin price could trigger a massive upswing on April 20 due to the 420 hype. Investors can expect DOGE to rally 22% - 45% targeting crucial hurdles. On-chain data agrees with the technical aspects and forecasts a move to $0.1270. A daily … [Continue reading]
Gold Futures: Extra rebound on the cards
Share: Open interest in gold futures markets rose by just 300 contracts on Tuesday after two daily drops in a row according to preliminary readings from CME Group. Volume, instead, shrank for the second straight session, now by more than 105K … [Continue reading]
S&P 500 Futures retreat amid geopolitical fears, sluggish yields, Fedspeak, China eyed
Share: S&P 500 Futures ease from 11-week high, snaps two-day winning streak. US 10-year, two-year Treasury bond yields remain sluggish after the first daily loss in four. Fears of Taiwan invasion, hawkish Fed talks and anxiety surrounding US … [Continue reading]
AUD/USD defies hawkish Fed officials, surges on soft USD and falling bond yields
Share: Hawkish comments by Fed policymakers capped the Australian Dollar rally. China’s economic data foreseeing solid growth is a tailwind for the AUD/USD. RBA minutes showed that their latest meeting decision was a hawkish hold. AUD/USD caps its … [Continue reading]