USDNOK Is Showing Bearish Pattern
USDNOK is showing bearish pattern and it’s forming a bearish setup formation from technical point of view and from Elliott wave perspective.
-
-
Picking up the Pieces: 2022 Records Several Negative Milestones
2022 was a dismal year for both bonds and stocks In the final quarter of the year, the dollar also joined the party and slumped Risks remain high in 2023 as history shows that a bear market...
-
Oil’s Iran Cliffhanger: What To Know And What To Expect
EU attempting to revive Iran nuclear deal with market staying pessimistic Crude prices could rebound from oversold conditions but stay off 2022 highs Both Iran, US likely looking for 'win'...
-
South African Rand Drops after SARB Raises Cash Rate
The Rand whipsawed after the South African Reserve Bank (SARB) raised its cash rate with price action coming as a strong Dollar appeared to weigh on many currencies. South Africa’s...
-
Emerging Markets Offer Escape from Low Volatility Dollar, Sterling, Euro & Aussie
Emerging market currencies would offer investors an escape from the lethargy that could befall major exchange rates this summer if the largest of central banks fall behind their peers in...
-
Commodities Week Ahead: Gold Hinges On Jobs Data, Oil Sees Reprieve
Will gold get back to $2,000 an ounce this week? And, if it does, could it stay there?Two sets of U.S. jobs data due this week might help determine what's next for the yellow metal. The...
-
Asia Session: PBOC’s Powerful Policies To Boost Regional Markets
The PBOC signalled on Sunday, its intention to engage in more powerful policies to counter the slide in Chinese growth from the COVID-19 pandemic. In a rather Fed-like twin-mandate way, the...
-
Asia Session: Regional Indices Surge Into Bull Market FOMO; Oil Rallies
Asian markets have surged this morning, dragged higher by jumps in S&P e-mini futures and a strong rally by WTI this morning. Sentiment has been further buoyed by {{erl-6369||better than...
-
Putting Out Fires, With Gasoline
The frenetic gyrations in the oil market did not subside overnight, following the carnage in the front month May WTI contract over the previous days. Attention moved to the June WTI...
-
Hope Springs Eternal
Asian markets are likely to start the day on a moderately positive note as two groupings of States in the Northeast, and the West Coast of the United States announced that they are making...
-
Asia Session: Cash Is King As Mass Liquidation Disrupts Markets
My days increasingly begin with the phrase “where do I start?” Jumping in: it is clear that the dislocation of pricing across forex, oil and precious metals markets overnight,...
-
Asia Markets, Futures Lower, But Bank Of Korea Holds Rates Steady
Against the grain of public opinion—including the author’s—the Bank of Korea held rates steady at 1.25% this morning. In hindsight, that may be no bad thing. South Korea is...
-
The Dollar Index and GBPUSD
The dollar index is known to be the best technical indicator to the USD currency. By reading the dxy chart carefully you can tell what is about to happen to the USD, correlated with other...
-
Stocks And Oil Slide Again; Jobs Help Sterling Stabilize
The price of crude oil has continued to plunge overnight with both WTI and Brent falling to new lows on trend again as traders continue to react negatively to yesterday’s comments from...
-
U.S. Traders Return To Big Relief Rally
The market situation for US traders returning from the Martin Luther King holiday has improved dramatically since last Friday since the world didn’t end over the weekend. A big relief...
-
Oil Sector In Focus On Weekend News
US markets are closed today for Martin Luther King Day and as is often the case when the US is closed, stocks and commodities are trading up slightly in light action. That being said,...
-
Stocks Rally As China Trade Report Eases Economic Concerns
Chinese trade figures were not as bad as feared overnight, particularly on the export side, easing fears that recent stock market volatility could lead to an economic meltdown. Although...
-
Oil Bounce Off $30.00 Leads Relief Rally, Sterling Drops On Data
The heavy selling of the last week or so had pushed a number of markets into oversold territory, and it appears today that a number of relief rallies have started. Most notably, crude oil is...
-
China Selling Keeps Traders Hopping
There has been mixed action around world markets as traders try to make sense out of the China selloff and other news. Chinese markets didn’t see much follow through selling overnight...
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
