Latest Market News
Duke Energy Corp. DUK, +0.01% said Wednesday that it targets energy generated from coal to be just 5% of total energy generation by 2030, and aims at a full exit from coal by 2035. Currently, the company coal fuel represents about 27% of its total energy generation. The electric utility said the targets are part […]
EURUSD, “Euro vs US Dollar” EURUSD is still consolidating around 1.1425. Possibly, today the pair may grow towards 1.1435 and then fall with the short-term target at 1.1386. Later, the market may correct to test 1.1420 from below and then resume trading downwards to break 1.1380. After that, the instrument may continue falling to reach […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.1420; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.1370 and then resume moving upwards to reach 1.1565. Another signal in favour of a further uptrend will be a […]
On Wednesday, sellers in the sovereign debt markets take profits before release of the key inflation data point for the market (US CPI), yields pulled back from key resistance levels (2% on 10-year Treasuries, 0.25% on German Bunds). Another driver of the rally could be acknowledgment that there was an overreaction to the ECB and […]
NZDJPY On Watch NZDJPY is worth keeping an eye on here. The reversal off the move sub 75.92 is starting to gather momentum and price is fast approaching the bear trend line from 2021 highs and the 77.34 level resistance. With the retail market heavily short the pair and RBNZ rate-hike expectations surging in the […]
• AUDUSD broke resistance level 0.715 • Likely to rise to resistance level 0.7300 AUDUSD currency pair recently broke the key resistance level 0.715 (former strong support from the start of Januarys). The breakout of the resistance level 0.715 coincided with the breakout of the 50% Fibonacci correction of the previous sharp impulse wave 1. […]