NZD/USD Close Above 0.6900 Is Needed For Stronger Impulse
0.6860-70 is the POC zone. A rejection from the POC zone is possible due to strong Weekly trend and H4 alignment. Two trendlines also mark the uptrend and smaller pinbars cue for now moment buyers. Targets are 0.6900, 0.6958 and...
GBPJPY Tumbles Below Falling Trend Line, Neutral In Medium Term
GBPJPY has declined considerably after touching a two-month high of 149.50 at the beginning of November. In the short-term the price seems to be negative, while in the daily chart the pair remains in a sideways channel over the last...
Gold Analysis: Breaks Resistance Of 1,240.00
The yellow metal managed to pass in the resistance levels just above the 1,240.00 level and score a new high level during the second half of Thursday’s trading session. However, after the surge it retreated back down to look for...
USD/JPY Analysis: Pierces Dominant Pattern
The USD/JPY has pierced the lower trend line of the dominant ascending channel pattern. It is signalling that a head and shoulders pattern exists on the charts. In general, the breaking of the support level indicates that the decline of...
Sentiments Stabilized with DOW’s Late Rebound, Dollar Turns to Non-Farm Payrolls
Risk sentiments generally stabilized after the late rebound in US stocks overnight. DOW hit as low as 24242.22 but closed at 24947.67. Down just -0.32%. S&P 500 also hit as low as 2621.53 but closed at 2695.95, down only -0.15%....
Job market is strong and hiring robust, in contrast to market fears
November’s jobs report Friday should show a strong pace of hiring in a solid underlying economy, a stark contrast to some of the worst fears in financial markets this week. Sliding bond yields and falling equity prices have helped fan...
Markets are going haywire. Here’s why these sudden moves are here to stay
Wherever Mark Connors looks at markets, from stocks to currencies to oil, he sees signs of the unknown. Equity investors got whipsawed this week during two rough and volatile sessions, but Connors, global head of risk advisory at Credit Suisse,...
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