USDJPY Resumes Rebound but 50-day SMA Caps Advance
USDJPY has been gaining some ground in the short-term after its latest decline came to a halt at the 130.40 region. However, the recent price recovery has been repeatedly held down by the ascending 50-day simple moving average (SMA). The momentum...
Risk Assets or USD?
What will happen? This week several important macroeconomic reports will be presented. On Wednesday, the Bureau of Labor Statistics will publish the consumer price index (CPI), which accounts for most of the overall inflation. Moreover, on Thursday, the markets will...
Sterling Rides Wave of Risk Sentiment Ahead of GDP Report
In the United Kingdom, preliminary GDP growth data for the second quarter will hit the markets at 06:00 GMT Friday. The British pound has suffered heavy damage this year, falling behind even the war-ravaged euro despite a series of rate...
NZDJPY Wave Analysis
NZDJPY broke resistance level 84.70 Likely to rise to resistance level 86.40 NZDJPY today broke the resistance level 84.70 (top of the earlier Shooting Star from the start of this month) intersecting with the 681% Fibonacci correction of the downward...
Technical Tuesday: Silver, Nasdaq and EUR/USD
Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s edition, we are getting technical on silver and the gold-silver ratio; Nasdaq...
Silver and Palladium Broke Up. Will Gold Follow?
The precious metals are recapturing critical levels one after another, claiming a reversal to the upside after a two-year bearish trend. Silver made quite a move up on Monday, gaining over 4%. Palladium closed the day up 5.3%, and at...
Swiss Franc Rises in Very Quiet Markets Euro and Sterling on the Soft Side
The forex markets are very quiet in Asian session today, and could remain so for the day with an ultra light economic calendar. Australian Dollar and Swiss Franc are currently the stronger ones for the week, followed by Canadian and...
Food prices fell sharply in July — but the respite may not last
Global food prices slid in July, but there are doubts over whether the good news will last as, among other things, the Russia-Ukraine grain deal appears shaky. Signal2frex reviews
Brent is Stressed and Continues to Decline
The commodity market suffered another stress last week. On Monday, the situation reached stability, but it remains quite complicated; Brent is trading at $95.60. The asset closed last trading week near its 5-month lows. The key reason for these negative...
Markets in Risk-on Mood, Aussie Higher, Dollar Lower
The financial markets are trading with a risk-on mood today. Major European indexes are trading up while US futures also point to higher open. Commodity currencies are trading generally higher, as led by Aussie. Meanwhile, Dollar is leading Yen and...
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