Technical Analysis
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Japanese Yen drifts lower as investors cheer US-China trade talks
The Japanese Yen snapped a three-day winning streak against the USD on Wednesday. The US-China trade talks optimism is seen…
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USD/INR faces headwinds despite India-Pakistan tensions, RBI’s intervention seems possible
Indian Rupee appreciates due to possible RBI’s intervention following India-Pakistan tensions. USD/INR encounters resistance, supported by India’s limited dependence on…
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DAX40 Moves Lower After Testing New Highs Meanwhile, Zalonda Jumps on Strong Earnings
Zalando SE reported stronger-than-expected first-quarter revenue growth of 7.9% to €2.42 billion Fresenius Medical Care AG reported quarterly adjusted earnings…
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UK Equity Markets on a High Amid Multiple Corporate Announcements
The focus for UK equity markets this week is domestic, after several corporate announcements overshadowed tariffs, and other international risks.…
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EUR/USD Gives Back Gains on Euro-Zone Services PMI’s
09:45 AM GMT, Italy – PMI Data for April: HCOB Italy Services PMI: actual 52.9; forecast 51.3; previous 52.0; HCOB Italy Composite PMI: actual…
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Oil Rebounds 2% From Two Year Lows
Brent Crude oil prices (OIL) are rising over 2% today, rebounding from four-year lows. The recent declines were driven by…
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XRP downside risks persist as Ripple sunsets eight-year quarterly report
XRP price moves broadly sideways as uptrend hopes diminish amid glaring downside risks. Ripple is ending its eight-year quarterly report…
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Chart of The Day – OIL.WTI
West Texas Intermediate (OIL.WTI) crude rebounded 1.5% to $58.19 on Tuesday following Monday’s 2% drop to its lowest level since…
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GBP/USD Hovers around 1.3300 as nine-day EMA caps upside
GBP/USD faces initial resistance at the nine-day EMA of 1.3303. The 14-day RSI remains above 50, suggesting a bullish bias…
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EUR/USD Remains confined in a range around 1.1300 ahead of FOMC meeting
EUR/USD struggles for a firm near-term direction as traders await the crucial FOMC meeting. The recent breakdown below the 100-period…
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