EUR/USD extends the weekly leg lower to the 1.1830 area. The 1.1780 zone remains a magnet for bears. EUR/USD sparked a corrective downside following another rejection from the 1.1880/90 band at the beginning of the week. While the upside remains...
EUR/USD extends the weekly leg lower to the 1.1830 area. The 1.1780 zone remains a magnet for bears. EUR/USD sparked a corrective downside following another rejection from the 1.1880/90 band at the beginning of the week. While the upside remains...
The price of crude oil held steady even after the recent failure by OPEC and its allies to reach an agreement. Brent, the global benchmark, rose by 0.55% to $75.60 while the West Texas Intermediate (WTI) rose by 0.60%...
CME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions by around 6.5K contracts at the end of last week, reaching the fourth consecutive daily pullback. In the same line, volume shrank...
In light of advanced prints for natural gas futures markets, open interest rose by nearly 6K contracts on Friday after three small pullbacks in a row. On the other hand, volume extended the erratic performance and went down by...
EUR/JPY rebounds from lows near 129.50 on Monday. The selling pressure is expected to alleviate beyond 132.70. The downside momentum in EUR/JPY seems to have met initial contention in the 129.50 region last week. This support area coincides with the April...
DXY reverses the recent weakness and retakes 92.35/40. The next hurdle comes in at the July tops beyond 92.80. DXY regains upside traction and reverses two consecutive daily pullbacks at the beginning of the week. The corrective decline appears to...
EUR/USD fades part of the recent rebound on Monday. The 1.1780 area remains a magnet for EUR-sellers. EUR/USD’s bull run seems to have lost momentum near 1.1880 once again on Monday. While the upside remains capped by this area,...
Data watch During the upcoming week traders and investors look to key interest rate decisions from the Bank of Canada, Bank of Japan and the Reserve Bank of New Zealand and also the CPI inflation report from the United...
US and global stocks retreated today as investors waited for the upcoming bank earnings. In Europe, the DAX and FTSE 100 indices declined by more than 0.30% and 0.70% while in the US, futures tied to the Dow Jones...
AUD/USD teases intraday low, remains pressured towards yearly low. Bearish MACD favors sellers but RSI conditions have a little room before hitting oversold signals. AUD/USD bears take a breather around 0.7460, intraday low 0.7453, as European traders roll up...