Technical Analysis
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Trade of The Day – US2000
Facts: The US2000 is currently testing its 200-day exponential moving average. Swaps estimate a 60% chance of a pause in…
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Pound Sterling slumps after poor UK Retail Sales, flash PMI data
The Pound Sterling faces selling pressure amid UK Retail Sales declining 1.1% and S&P Global PMI dropping sharply. Investors await…
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DAX – Tech And Defense Stocks Sell-off
Yesterday’s session was not successful for buyers, as American indices clearly lost ground, and many commentators and analysts expected the…
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Chart of The Day – USD/JPY
The USD/JPY exchange rate is currently around 156.7. Today’s trading is influenced by a complex mix of fundamental factors, where…
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Technical Analysis – Ethereum
Cryptocurrency prices remain under significant pressure, which is also clearly visible on the Ethereum chart. The price fell from around…
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Panic Stations Crypto and Bitcoin Down Over 5%
The cryptocurrency market is in panic today, with Bitcoin losing around 4.5 percent and Ethereum nearly 6 percent. The cryptocurrency…
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Australian Dollar holds ground as Australia Manufacturing PMI rises in November
The Australian Dollar rises after the release of S&P Global Purchasing Managers Index data. S&P Global Manufacturing PMI rose to…
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Gold remains depressed as reduced Fed rate cut bets offset weaker risk tone
Gold remains on the defensive as mostly upbeat US NFP report tempers Fed rate cut bets. US economic concerns cap…
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USD/INR trades steadily ahead of India/US flash PMI data
The Indian Rupee opens on a stable note against its major peers ahead of India’s flash private sector PMI data.…
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Japanese Yen sticks to recovery gains as Japan’s cabinet approves stimulus package
The Japanese Yen (JPY) sticks to modest intraday recovery gains against its American counterpart through the Asian session on Friday,…
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