Formation of morning star pattern is positive signal, but more work at the upside needed to point to…
Revived risk mode on fresh optimism over the crisis in Ukraine pushes sterling higher in European trading on Wednesday, with bounce from new multi-month low (1.3081), putting larger bears temporarily on hold.
Fresh advance interrupts steep…
Read More...
Read More...
Fresh risk mode lifts Euro further but recovery is tentative below key obstacles at 1.1000/40
The Euro stands at the front foot for the second consecutive day, boosted by improved sentiment on growing expectations for a de-escalation of the conflict in Ukraine that revived risk appetite.
Tuesday’s first bullish close after five…
Read More...
Read More...
Break of key supports generates negative signals for Turkish lira
The cross rose over 0.5% on Monday and hit 8-day high, on a biggest one-day rally in one month.
Sterling, as more risk-sensitive currency than the euro, reacted negatively on strong risk aversion that pushed global equities sharply lower.…
Read More...
Read More...
Eurozone economy expanded further in the fourth quarter of 2021
The Eurozone GDP rose by 4.6% y/y in the fourth quarter of 2021, in line with expectations, compared to 3.9% growth in the third quarter, while monthly growth in the 19 countries sharing the single currency, was 0.3%, matching consensus.…
Read More...
Read More...
Dollar regains traction and eyes 2022 high
The dollar tightens grip and extends advance against yen into the second day, heading towards the top of three-week congestion at 115.80.
Improving technical studies on daily chart (north-heading 14-d momentum is emerging into positive…
Read More...
Read More...
Bears take a breather as news provide a mild relief
The Euro edged higher in early European trading on Tuesday, after hitting a 22-month low (1.0806) on Monday.
Upbeat German January industrial production data and a dash of optimism, as clashes in Ukraine eased and talks between two sides…
Read More...
Read More...
AUDUSD trades near new 4-month high, underpinned by rise in commodity prices
The Australian dollar rose to four-month high (0.7441) on Monday, underpinned by rise in commodities, especially in iron ore, the biggest export earner for Australia.
Fresh advance probed above pivotal level at 0.7416 (Fibo 76.4% of…
Read More...
Read More...
Dollar continues to advance on risk aversion and rising hopes for Fed rate hikes
The dollar maintains firm tone against of basket of its major counterparts and extended gains to the highest since May 2020 on Monday.
High uncertainty over the war in Ukraine and pessimistic tone on soaring energy prices and expectations…
Read More...
Read More...
Cable hits a 15-month low on probe through key supports
Cable remains firmly in red on Monday and extends steep fall into third straight day, dragged by fresh risk aversion that pushed global stocks lower.
After last week’s strong upside rejection and weekly close below pivotal 1.33 support…
Read More...
Read More...
DAX falls to multi-month low as risk aversion accelerates on speculations of banning Russian energy…
Dax index opened with gap-lower on Monday and broke below 13000 marks to hit 12423, the lowest since November 2020, driven by fresh wave of risk aversion.
Global markets panicked after the US and Western allies announced plans to impose a…
Read More...
Read More...