GBPJPY Dips Back Below Ichimoku Cloud, Bearish Tone Persists
GBPJPY has been deteriorating for around a month-and-a-half now, logging lower highs and lows from its near 40-month peak of 156.06. The bullish charge in the 50- and 100-day simple moving averages (SMAs) is becoming slightly sluggish, with their slopes...
Oil Is Bearish As 280 Pips Have Been Secured
Oil has formed a 1-2-3 pattern and we might see further move down. I have secured 280 pips from my entry. Historical selling has been aligned with the now moment. 71.00 is major support now. If the price makes a...
EURUSD Close To Breakout
The euro currency remains depressed against the US dollar as the pair struggles to stage a meaningful rebound from the 1.1800 support level. At present levels the EURUSD pair is currently oncourse for its lowest weekly price close since late-March...
NZDUSD Bullish Above 0.7000
The New Zealand dollar is on the rise against the US dollar after the New Zealand inflation report came in much stronger than the market had been expecting. The four-hour time frame shows that the NZDUSD pair is trading inside...
XAU/USD Outlook: Dips To Provide Better Buying Opportunities $1800 Support Expected To Hold
Spot gold eases on Friday morning after larger bulls broke above pivotal 200DMA ($1826) but Thursday’s Doji candle signaled indecision. Dips are likely to provide better buying opportunities, as near-term structure is bullish, and the yellow metal remains attractive for...
GBP/USD Outlook: Clear Break Out Of Triangle To Provide Fresh Direction Signal
Cable probes below triangle support line in early Friday, after repeated rejections at the upper boundary of the pattern, signaled that bulls are lacking momentum, despite positive UK inflation data. Fresh weakness is mainly driven by strength of the dollar...
New Zealand Dollar Surges on Strong CPI, Aussie and Loonie Lag Behind
New Zealand Dollar surges broadly again today as decade high CPI reading prompted more speculations on RBNZ rate hikes. That somewhat helps stabilizes the selloff in Aussie and Loonie. On the other hand, Yen appears to be softening slightly as...
Tech Stocks Q2 Earnings Preview: Tech Rally To Continue?
Big tech report whilst hovering around all time highs Heading towards US tech stocks earnings seasons the Nasdaq is trading around its record high record high. The reflation trade is in retreat. Growth expectations have soured, reflected in falling US...
Stock futures slip as Wall Street wraps up first week of second-quarter earnings
Scott Mlyn | CNBC Futures contracts tied to the U.S. stock indexes slipped during the overnight session Thursday evening as Wall Street neared the end of the first major week of second-quarter earnings reports. Contracts linked to the S&P 500...
EURJPY Bounces on Support Base Formed in April
EURJPY has found footing for a second time in the vicinity of the support boundary of 129.56-129.78, formed by the lows in April. In spite of this, the simple moving averages (SMAs) are maintaining their bearish bearings, feeding the downward...
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