The USDJPY moved lower in the US session but after getting within 11 pips of the rising 100 hour MA. THe price has since bounced back to 157.84 currently as the buyers remain in firm control. THe last time the price tested the 100 hour MA was back on December 17 adn Deceember 18 before […]
USDJPY dip holds above the 100 hour MA Read More »
EUR/USD registers a minor uptick on Friday, trading near 1.0430 after recent losses. RSI climbs to 44 in negative territory, indicating a tepid recovery but still suggesting sellers hold the upper hand. MACD histogram shows flat green bars, hinting at fading bearish momentum while the 20-day SMA remains a key hurdle. The EUR/USD pair ended
EUR/USD price analysis: Pair inches up to 1.0430, still capped by key resistance Read More »
Gold February futures contracts at MCX opened flat on Friday at Rs 76,900 per 10 gram, which is up by 0.1% or Rs 73 while silver March futures contracts were trading higher at Rs 89,994/kg, up by 0.4% or Rs 358.Displaying some positive momentum, gold prices surged by Rs 250/10 grams in the last one
Euro is having a modest rebound as markets enter the final US session of the holiday week, supported by a notable rise in Germany’s 10-year benchmark yield. Investors dumped German bonds after President Frank-Walter Steinmeier dissolved the lower house of parliament, paving the way for snap elections on February 23. The move follows the collapse
Euro Finds Mild Strength Amid German Bond Selloff, Aussie Dips on China Trade Concerns Read More »
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USDCHF rallies to key retracement last week and sold off. Today the bias is back higher. Read More »
With China, it’s always hard to tell. But the big question is, are things really different for China this time around as compared to all their promises over the last few years? They’ve definitely stepped up the rhetoric but I want to say that actions speak louder than words at the end of the day.
Chinese stocks set for its first win in four years Read More »