USD Index Outook: Initial Signs Of Recovery Stall Are Developing On Daily Chart
Thursday’s risk aversion-inspired bounce from one-month low (96.16), extended on Friday but gains were capped by falling 10DMA /50% retracement of 97.78/96.16 bear-leg. Subsequent easing is generating initial signal of recovery stall, but more evidence will be needed to confirm...
US 30 Index Loses Momentum In Short Term
The US 30 cash index has been on the sidelines over the last month as the 26,410 resistance level seems to be a real struggle for the bulls. Technically, the price could lose some ground in the short-term as the...
Market Morning Briefing: Dollar-Yen Has Fallen Along With The Dip In Dollar Index
STOCKS Profit taking seen on equity sectors across the globe and with a dip seen in Dow, we may expect a dip in Asia-Pac equities too today. The profit-taking we have been talking of seems to have come in a...
Gold Outlook: Bullish Bias above $1800 but Bulls May Hold in Extended Consolidation Before Resuming
Spot gold continues to shine and accelerates higher in early US session on Thursday after the consolidation under new multi-year high ($1818) found footstep above $1800 level which now acts as strong support. Wednesday’s break and close above significant $1795/$1802...
Silver Hits Pre-Pandemic High Of $19
Both precious metals remain in demand for now. This is mainly due to historically low interest rates and as the vast central bank QE and government stimulus money is finding its way into these assets, as well as stocks. Economic...
USD Index: Dollar Sold Across the Board
USD Index: The dollar was sold across the board on rising stocks and signals that the US economy will not be shut again if situation with virus deteriorates The index price accelerated lower in early US trading on Wednesday, to...
GBPJPY Optimistic as Fresh Gains Unfold
GBPJPY in spite of the latest pullback has managed to keep its bullish tone. The surge from the 131.93 low has held a positive trend climbing above the simple moving averages (SMAs). Additionally, the rising Ichimoku lines and the cloud...
EUR/JPY Analysis: Could Decline Today
The common European currency declined by 45 points or 0.37% against the Japanese Yen on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday’s trading session. Most likely, the exchange rate will continue to decline within...
GBPCHF Yields Attempts to Halt the Decline
GBPCHF seems to have found a foothold on the 1.1760 level, that being the 38.2% Fibonacci retracement of the down leg from 1.2819 to the all-time low of 1.1109. The recent appreciation in price appears to have backing from the...
USDCNH Plunges to New 4-month Low
USDCNH plummeted to a fresh four-month low of 6.9947 earlier today after the strong bearish rally on Monday. The market is in the process to cover some of the losses, approaching the 50.0% Fibonacci retracement level of the up leg...
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