Blogs

<p>Europe is off to a strong start on Friday, while Wall Street is poised to open a little lower following the late rally on Thursday. It’s not been the best week for stock markets. We’ve had more data that’s very hard to ignore – Germany in recession, worst monthly UK contraction on record – Powell […]

<p>Notes/Observations Euro Area GDP data generally less of a contraction as anticipated…but Q2 readings will go from severe to unthinkable German Q1 GDP data has country formally entering a technical recession with its worst quarterly performance since financial crisis UK and the EU likely to have made little progress during the latest

<p>NZDUSD looks to be mostly bearish after a descent from the 0.6155 resistance level, returning the price back below the simple moving averages (SMAs) and the Ichimoku cloud. The short-term oscillators reflect a stall in the negative momentum. The MACD, in the negative area, has moved above its red trigger line, while the RSI hovers [&hellip

<p>The euro currency is starting to rise against the US dollar after sellers failed to break the technically important 1.0770 support level. The EURUSD pair could start to rally back towards the 1.0865 level if sellers fail to breach the 1.0770 support level. Traders should note that a breakout below the 1.0770 level could expose […]

<p>The US dollar has moved back above the 107.00 level against the Japanese yen currency as the greenback continues to attract buying interest. Technical analysis on the lower time frames shows that the USDJPY pair could test the 108.00 level if the 106.50 support level holds. A breakout above the 108.00 level exposes further upside […

<p>US 30 stock index’s (Cash) one-month ascent from the multi-year low of 18,170 seems to have eased, forming a head and shoulders pattern on the daily timeframe. The price is currently testing the neckline of the pattern barely under the 23,869 level, that being the 50.0% Fibonacci retracement of the down leg from the all-time-high [&h

Gold prices (XAU/USD) rallied over 1% on Friday while settled the week nearly 3% higher, registering the best week in three. The yellow metal put up a

Euro/Dollar is trading in a bear trend below the main weekly SMAs on the weekly chart suggesting an overall bear trend. This week EUR/USD ended the week in the

European Monetary Union CFTC EUR NC Net Positions increased to €78.1K from previous €76.3K

United States CFTC Oil NC Net Positions rose from previous 530.6K to 541K