US 30 Stock Index Keeps Uptrend Safe, But Doubts Rise
The upward pattern in US 30 stock index (cash) lost some shine after the print of a lower high at 26,791 in the four chart, but the positive trend remains valid as long as the market action develops above 24,850....
GBP/USD Outlook: Post-BoE Negative Sentiment Remains In Play Despite Upbeat UK Retail Sales
Cable extends weakness on Friday after recovery attempt on much better than expected UK retail sales were short-lived. Near-term sentiment remains weak as Bank of England’s decision to increase QE program by 100 billion pounds and hints of slowing down...
Market Morning Briefing: Euro Has Come Down To Test 1.12
STOCKS Asian indices look relatively stronger than the Dow and DAX. Nikkei and Shanghai have moved up well from their supports and can rise further in line with our expectation. Sensex and Nifty have also risen-back sharply. A strong follow-through...
NZDUSD Positive Picture at Risk as Lower Bound of Ichimoku Cloud Tested
NZDUSD’s short-term bullish picture under scrutiny as the pair is presently resting on the lower band of the Ichimoku cloud. The latest sideways move may gain a negative boost should it dip under the cloud and the 50-period simple moving...
WTI Oil Futures Support Bullish View Above 36.00
WTI oil futures for July delivery maintain a clear positive structure reflected by the higher highs and the higher lows since late April, with the price printing another higher trough at 34.35 last week. Now it remains to be seen...
USD/CAD Could Recover Sharply Above 1.3600
Key Highlights USD/CAD started a decent recovery wave from the 3-month low at 1.3315. There was a break above a major bearish trend line at 1.3455 on the 4-hours chart. Canada’s CPI decreased 0.4% in May 2020 (YoY), more than...
NZDJPY Maintains Neutral Bias but Risks are to the Downside
NZDJPY is extending its sideways trading in the four-hour chart, trailing the lower bound of the Ichimoku cloud. The 20-period moving average (MA) is flatlining in the same region, providing additional support against downward attempts. The momentum indicators further underline...
EURGBP Retains Neutral Mode, Approaches 0.9000
EURGBP has been developing within a consolidation area since May 15, despite the upside penetration at the end of the previous month. Looking at the last few days, the pair is extending a bullish move above the Ichimoku cloud and...
EUR/USD Outlook: Euro in Defensive after Surprise Retail Sales Beat Inflates Dollar
The Euro fell in early US trading on Tuesday after massive US retail sales surprise (May 17.7% vs Apr -14.7 and 8.0% f/c) inflated dollar. Significantly better than expected data sideline expectations for Fed introducing negative interest rates that would...
JP 225 Index Restores Positive Tone with Bounce off 23.6% Fibonacci
JP 225 stock index (Cash) yesterday bounced off the 21,431 mark, that being the 23.6% Fibonacci retracement of the up leg from 15,384 to 23,302, resuming the uptrend by climbing above the 200-day simple moving average (SMA). The Ichimoku lines...
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