AUD/USD fades the previous day’s rebound from yearly low. RSI recovery from oversold area favors the pullback moves. Horizontal line around 0.7590 becomes the key hurdle, bears may have 61.8% Fibonacci retracement level on the radar. AUD/USD refreshes intraday...
NZD/USD reverses Monday’s recovery moves with mild losses. Strong Momentum line may tease bears but bulls will refrain to enter below 100-HMA. NZD/USD bounces off an intraday low of 0.6970 while licking its wounds, down 0.13% on the day,...
CME Group’s advanced figures for gold futures markets noted open interest extended the downtrend for yet another session on Monday, this time by around 6.1K contracts. In the same line, volume shrank for the second session in a row,...
Traders added more than 9K contracts to their open interest positions in crude oil futures markets after two daily pullbacks in a row on Monday, considering flash data from CME Group. Volume followed suit and went up by around...
In light of preliminary readings from CME Group for natural gas futures markets, traders scaled back their open interest positions by around 10.1K contracts at the beginning of the week, reaching the fourth consecutive daily drop. Volume, instead, extended...
EUR/JPY’s rebound run out of steam near 131.60. So far, the next support comes in at the 130.00 area. EUR/JPY failed to push the upside momentum further north of the 131.60 zone on turnaround Tuesday. The inability of the cross...
DXY regains ground lost following Monday’s pullback. Extra gains are seen above the 92.50 level. Monday’s strong retracement dragged DXY back below 92.00, although buyers returned to the market on Tuesday. In fact, the improved sentiment in the dollar seems far...
EUR/USD’s bounce stay so far limited around the 1.1920 area. The mid-1.1800s emerge as the next contention zone. EUR/USD gives away part of Monday’s bullish attempt to levels past the 1.1900 yardstick. If the recovery gathers extra steam, then the...
US index futures were relatively unchanged today as investors waited for Jerome Powell’s testimony. The Dow Jones, S&P 500, and Nasdaq 100 indices rose by less than 30 points each while the greenback and bond yields declined. The ten-year...
EUR/GBP marks another failure to cross 0.8600, teases two-day-old support line. Downward sloping RSI backs U-turn from the key moving average, resistance line. EUR/GBP sellers attack nearby support line while taking offers around 0.8588 during Monday’s Asian session. The...
