In light of flash data for Natural Gas futures markets, open interest rose by 929 contracts on Tuesday, advancing for the second session in a row. On the other hand, volume went down by around 37.2K contracts, partially reversing...
Silver stays heavy near the lowest since mid-December 2020. A clear downside break of the key SMA, bearish MACD favor sellers. $23.60 can offer immediate support ahead of 38.2% Fibonacci retracement and six-month-old rising trend line. Silver’s heaviest declines...
EUR/USD bears catch a breather around low marked on November 05, 2020. Bearish MACD, sustained trading below 200-day SMA favor sellers. Multiple bottoms since late-July add to the downside filters. Five-week-old falling trend line also becomes important resistance. EUR/USD...
NZD/USD fails to cheer upbeat China data, steps back from intraday high. China’s NBS Manufacturing PMI, Non-Manufacturing PMI flashed strong readings in March. Sustained trading below 200-HMA, downbeat RSI favor sellers. Having initially refreshed intraday top to 0.6996 on...
US dollar index picks up bids around the highest since early November 2020. Sustained break of key resistance lines and 200-day SMA join bullish MACD to back DXY buyers. Mid-October 2020 tops can offer an intermediate halt before hitting...
AUD/USD retreats after initial corrective pullback on upbeat China data, risk-on mood. Failures to portray a decisive break above the key EMA suggest further downside, Yearly horizontal support in focus. Descending trend line from March 05 adds to the...
GBP/JPY stays firmer around two-week top amid bullish MACD. 13-day-old horizontal area guards immediate upside ahead of the early month’s multi-day high. One-week-long support line, key SMAs restrict short-term downside. GBP/JPY wavers around 152.15-20, up 0.33% intraday, ahead of...
USD/INR eases from month-start top, keeps upside break of 100-day SMA. Bullish MACD signals also favor buyers but 200-day SMA, falling trend line from early November become tough nuts for buyers. Having refreshed the highest levels since March 01,...
Traders increased slightly their open interest positions in Gold futures markets by just 106 contracts on Tuesday following four consecutive daily pullbacks according to preliminary readings from CME Group. Volume, instead, extended the erratic performance and shrunk by around...
The New Zealand dollar declined slightly as investors reacted to the relatively weak data from the country. According to the country’s central bank, activity dropped from 21.3% in February to 16.6% in March. Further data by ANZ Bank revealed...
