GBP/JPY prints five-day downtrend, extends 11-week-old support break. Bearish MACD favor further weakness but RSI probes the bears near the key supports. 152.30 guards immediate upside, 100-day SMA and four-month-old support line lures bears. GBP/JPY stays pressured for the...
CME Group’s flash data for crude oil futures markets noted investors trimmed their open interest positions for the second session in a row on Friday, this time by around 27.1K contracts. Volume followed suit and shrank by 176.5K contracts...
In light of advanced prints for natural gas futures markets, open interest dropped for the third straight session on Friday, this time by around 3.5K contracts. In the same direction, volume went down by around 94.8K contracts, offsetting the...
EUR/JPY rebounds from earlier lows in the 130.00 zone. The 50-day SMA around 132.00 emerges as the next hurdle. Following a drop to new 2-month lows in the 130.00 neighbourhood, EUR/JPY manages to regain some upside traction and looks to retake...
DXY sheds some ground following a failed move to 92.40/50. Next on the upside comes in a Fibo level near 92.50. The strong upside in DXY shows some signs of exhaustion after being rejected once again from the 92.40/50 band earlier...
EUR/USD rebounds from lows in the mid-1.1800s on Monday. Further upside impulse could see the 200-day SMA re-visited. EUR/USD manages to regain some composure following earlier lows in the 1.1850/45 band at the beginning of the week. If the recovery...
Central bank action During the upcoming week traders and investors look to a scheduled speech from European Central Bank President Christine Lagarde and a key testimony from Federal Reserve Chair Jerome Powell for direction. Market participants will be expecting...
US equity futures rebounded on Monday as bond yields retreated as investors reacted to the recent Fed decision. Dow Jones futures rose by more than 200 points while S&P 500 futures rose by more than 0.40%. The 10-year and...
GBP/USD remains pressured around six-week low, stays under the key 1.4010-4000 area. Further losses envisioned on support break, bearish MACD. 100-day SMA offers immediate support ahead of one-year-old rising trend line. GBP/USD stays depressed around 1.3990 after dropping the...
Silver consolidates the post-Fed losses, keeps bounce off 100-day SMA. Six-week-old horizontal line guards immediate upside, monthly resistance also probe bulls. Bears can aim for an ascending support line from November below $26.60. Silver stays firmer above $27.00, licking...
