Technical Analysis
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WTI consolidates around $86.00; bulls potential intact amid US-Iran impasse
WTI steadies following the previous day’s late pullback from a three-week high. The US-Iran standoff over the Strait of Hormuz…
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New Zealand Dollar extends gains to fresh high since June, above mid-0.5900s vs softer USD
NZD/USD retains its positive bias for the third straight day amid a combination of supporting factors. Receding Fed-hike bets weigh…
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British Pound edges higher to near 1.3650, UK Retail Sales data looms
GBP/USD strengthens to around 1.3645 in Friday’s early Asian session. A disappointing US jobs report and softer inflation data dialed…
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United States Dollar Index trades around 99.75-99.70, hangs near three-month low
DXY struggles to capitalize on the previous day’s modest bounce from an over three-month trough. Receding Fed-hike bets undermine the…
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Australian Dollar gains ground above 0.7100 as US debt concerns weigh on US Dollar
AUD/USD edges higher to around 0.7135 in Friday’s Asian session. Traders are still worried about growing US debt, undermining the…
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Swiss Franc edges up against US Dollar amid heightened US debt concerns
The Swiss Franc bounces back against the US Dollar after a corrective move on Thursday. Ballooning US government debt levels…
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Tech and Industrial Stocks Weigh on the European Session
Most European stock market indices are down, and the gains seen so far – driven by a very successful earnings…
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Walmart falls 6% despite strong results. What did the largest U.S. retailer reveal?
Key takeaways Walmart’s revenue rose 5.9% YoY to $187.9 billion, while adjusted EPS came in at $0.81 versus $0.74 expected,…
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Trade of The Day – GBP/CHF
Facts GBPCHF returned today above the 50-day exponential moving average (EMA50; dark violet) and the lower 2-week Bollinger Band (black).…
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Chart of The Day – USD/JPY Falls Ahead of a Key Test for the Yen
The USDJPY pair weakened by over 0.9% yesterday, significantly moving away from the key psychological barrier at the 160 level.…
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