Markets

The price action is essentially the opposite we saw nearly a year ago when the start of the pandemic and lockdowns drove up “stay at home” stocks. The major U.S. stock indexes finished sharply lower on Wednesday with the rotation out of the high-flying technology…

Gold is 0.8% lower this morning, as it is trading within a short-term consolidation. The gold futures contract gained 0.62% on Tuesday, as it fluctuated following Friday’s breakdown below the previous local low and a support level of $1,750. The market fell the lowest since…

The greenback stayed relatively stable at most part of Wednesday morning in London. Though it seems currency traders are currently facing road bumps in going long as the safe-haven asset remained broadly weaker on the account that U.S Treasury yields have been drifting lower of…

The Australian and New Zealand Dollars are trading mixed early Wednesday after data out of China and Australia failed to generate any meaningful upside momentum. Despite economic data from China and Australia, the price action suggests investors are still eyeing the movement in U.S. Treasury…

The EUR hits reverse once more, with service sector and composite PMI numbers for February testing EUR support… It was yet another busy morning on the economic calendar, with Service and Composite PMIs from Spain and Italy in Focus. Finalized PMIs for France, Germany, and…

It has weakened against the dollar and Japanese yen but gained some ground against the New Zewland dollar. Over the past few weeks, the EURUSD has found itself within a very wide range with resistance at 1.2200 and support at 1.2000. Given how prices have…

If the upside momentum continues then look for a drive into 91.605, followed by 91.710. We could see a technical bounce on a test of these levels. The U.S. Dollar rose to its highest level since February 5 against a basket of peers on Tuesday…

Bitcoin (BTC/USD) has made a bearish retracement to the 144 ema close. The strong bullish bounce indicates that the uptrend is probably far from over. Let’s analyse the wave and chart patterns to understand the next potential price swings. Price Charts and Technical Analysis The.BTC/USD…

It’s a relatively busy day on the economic calendar, with the EUR and Loonie in focus. First up, however, is the RBA monetary policy decision later this morning. Earlier in the Day: It’s was another busy start to the day on the economic calendar this…

The EUR came under further pressure this morning, with economic data from Germany leading the EUR to sub-$1.20 levels. Eurozone inflation figures are next. It was a relatively busy morning on the economic calendar, with economic data from Germany and the Eurozone in focus. Consumer…