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<p>Risk appetite continues in Asian session, with help from positive data from China. China’s economy appears to be on track for recovery even though the road would remain bumpy. In the currency markets, New Zealand Dollar is leading Australian Dollar higher, followed by Euro. Dollar, Yen, Swiss Franc continue to be the weakest ones on

<p>Pivot (invalidation): 1.2525 Our preference Long positions above 1.2525 with targets at 1.2635 & 1.2670 in extension. Alternative scenario Below 1.2525 look for further downside with 1.2495 & 1.2455 as targets. Comment Technically the RSI is above its neutrality area at 50.</p> <p>The post <a rel="nofollow&quo

<p>Pivot (invalidation): 1.1160 Our preference Long positions above 1.1160 with targets at 1.1225 & 1.1245 in extension. Alternative scenario Below 1.1160 look for further downside with 1.1135 & 1.1115 as targets. Comment Technically the RSI is above its neutrality area at 50.</p> <p>The post <a rel="nofollow&quo

<p>INDICES Yesterday, European stocks charged higher, with the Stoxx Europe 600 Index jumping 1.6%. Germany’s DAX 30 surged 3.8% following a holiday on Monday. The U.K.’s FTSE 100 gained 0.9% and France’s CAC 40 increased 2.0%. EUROPE ADVANCE/DECLINE 78% of STOXX 600 constituents traded higher yesterday. 93% of the shares tr

<p>The precious metal is down close to 0.80% intraday amid improving market sentiment. Following the lower high forming at 1745.14, the declines are potentially signaling a further drop. For the moment, the lower support level at 1717.65 will stall the declines. This will potentially offer a modest rebound upon the initial test of the price [

<p>WTI Crude oil prices rose more than 2% intraday on Tuesday. The gains came on the back of developing fundamentals that are bullish for the commodity. With prices now rising higher, we expect the gains to continue. The next main resistance level is at 42.00 which previously served as support. In the near term, any […]

<p>The British pound continues to maintain its bullish stance. Price action rose to a five- week high, on the back of a weaker dollar. The next main resistance is at 1.2589 which could put the temporary gains on hold for the moment. This will mark the highs from April 30 th. To the downside, support […]

<p>The euro currency is posting a strong recovery with price action rising to a three- month high. This comes as prices break past the key level of 1.1132. Further gains could see this price level turning to support. Therefore, a pullback to this level will further validate the upside view. Above this level, the next […]

<p>Rates: US 30-yr yield breaks 1.5% resistance The US yield curve steepened further with the 30-yr yield breaking above 1.5% resistance which served as the upper bound of the past two months’ trading range. Risk sentiment remains positive this morning, adding pressure on core bonds. ECB statistics showed a normalization of PSPP purchas

<p>USDJPY increased to an almost two-month high of 108.84 earlier today after the aggressive buying interest on Tuesday’s session, surpassing the flat 200-day simple moving average (SMA) and the upper Bollinger band. Also, the 20- and 40-day SMAs posted a bullish crossover, confirming the recent upside rally in the short-term. According to th