Will an Inverted Yield Curve Spell Impending Doom?
Much has been made of the fact we’ve seen 10yr US Treasury yields trade at a discount to 2yr yields. What’s commonly known as curve ‘inversion’? I’m not sure this is going surprise too many as most bond traders had...
NZDCAD Wave Analysis
NZDCAD reversed from support level 0.8615 Likely to rise to resistance level 0.8775 NZDCAD recently reversed up with the daily Piercing Line from the key support level 0.8615 (which has been reversing the price from the start of March). The...
Dollar Soft Despite Solid ADP Job Data, Euro Follow Through Momentum
Dollar is trading as the worst performing for the day, and receive no support from solid ADP private job data. The greenback is somewhat weighed down by extended retreat in benchmark US yields. On the other hand, Euro is supported...
Yen Recovering, Euro Firm, Dollar and Sterling Struggle
It feels like the markets are turning a corner. Euro staged a strong rebound overnight on hope of cease-fire in Ukraine. Focus has then turned to Yen today, which is staging a notable recovery in Asia. On the other hand,...
Gold Price Struggle Ahead of US GDP Release
Key Highlights Gold price started a fresh decline from the $1,965 zone. A key bearish trend line is forming with resistance near $1,920 on the 4-hours chart. EUR/USD attempted a recovery wave from 1.0950, and GBP/USD is still above 1.3050....
Gold Tests $1900 as the “Peace Trade” Picks Up Steam
A close near current levels would shift the near-term technical bias in favor of the bears, with the next support level to watch coming in around $1870… “All we are saying is give peace a chance.” – John Lennon There’s...
JP 225 Index’s Bullish Bearing Shows No Weakness
The Japan 225 index (Cash) has recorded a two-month peak of 28,549, resuscitating the uptrend from the 24,502 low, after breaching the recent 28,371 high. The soaring 50-period simple moving average (SMA) is endorsing the more than two-week rally, and...
Euro Rebounds on Peace Hope, Surging German Yield
Euro rebounds strongly today on hope of positive development out of negotiation between Ukraine and Russia. Top Russian negotiator Vladimir Medinsky was quoted saying that talks were constructive and a Putin-Zelenskyy meeting is possible. BBC also quoted Russian deputy defence...
Platinum Wave Analysis
Platinum broke round support level 1000.00 Likely to fall to support level 959.00 Platinum recently broke the round support level 1000.00 (which has been repeatedly reversing the price from last January). The breakout of the support level 1000.00 coincided with...
Yen Consolidates as BoJ Defends Yield Cap, Dollar Firming Up
The forex markets are digesting recent moves in mixed Asian session today. Yen is recovering slightly but remains the worst performer for the week. BoJ is still trying hard to defend the 0.25% 10-year JGB yield cap. On the other...