USD/MXN PRICE ANALYSIS: COLLAPSES TO 4 ½-YEAR LOWS AROUND 18.4000
USD/MXN is moving away from last Thursday’s lows, extending its losses to new multi-year lows around $18. 0. USD/MXN Price Analysis: A break below $18. 0 paved the way to…
GBP/USD GAINS TRACTION AND RECLAIMED 1.2000 AS THE GBP PREPARES FOR WEEKLY LOSSES
GBP/USD ends the week with a loss of 0.16%. Softer UK inflation data prompts further BoE action, but in smaller steps. Hotter than expected US CPI and PPI figures for…
Russell 2000 Technical Analysis
The daily chart below shows that the price is now closer to the 1920 support zone. This is the last line of defense for buyers, as a break lower gives…
ETH/USD Technical Analysis
On the daily chart below, we can see that the price broke through the 1681 resistance after the Fed’s Bullard (the hawk, the non-voting guy) announced a possible 50 basis…
USD/JPY limps towards an unchanged day as BOJ speculation swirls
Markets were surprised in Tokyo trading by news that Amamiya turned down the post of BOJ governor and that 71-year-old Kazuo Ueda was set to get the job. Ueda wasn’t…
Crypto under pressure
Bitcoin fell all day Monday to $22.5,000 early Tuesday, down 6% from Sunday’s peak. The cryptocurrency market capitalization fell 1.1% overnight to $1.0 trillion, and altcoins were easy to find…
Elon Musk faces SEC probe for role in Tesla self-driving claims
There is some calculation surrounding the claims of „self-driving” and robot taxis. Elon is currently in the middle of a lawsuit over his „financially secure” tweets, and he is a…
US equities post another solid day, led by tech stocks
Final Changes in North American Stocks: . SabloP 500 0.5D Nasdaq 1.3D Russell 2000 0.8D Toronto TSX Comp 0.1D For the week: . SabloP 500 of North America . It…
Natural Gas Technical Analysis: The Price Continues to Decline
U.S. natural gas futures fell about 5 percent to a 19-month low on Wednesday. Natural gas spot prices (CFDS ON NATURA GAS) continued to fall in trading that began on…
Dow Jones Technical Analysis: The Index is Rising for the Fourth Day in a Row
Technically, in its recent trade, the index was able to cross the simple moving average resistance of the previous 50-day period to break out of the downward pressure. The ,…