Latest Market News
The labour market report for March left mixed feelings, as it did not confirm the slowdown in employment growth that seemed to be evident in a number of other reports (initial jobless claims, ISM in the service sector, JOLTS job openings, etc.). Therefore, it was expected that the US inflation report for March would clarify […]
EURUSD, “Euro vs US Dollar” EURUSD has escaped the consolidation range upwards and could now extend the wave to 1.1090. After the price reaches this level, a link of decline to 1.1003 is not excluded. Next, the price could grow to 1.1144 and extend the wave to 1.1175. Then a decline to 1.1000 could follow. […]
Brent On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is testing the support line. In this situation, the quotes are expected to rise above 4/8 (87.50) and reach the resistance at 5/8 (90.62). The scenario can be canceled by a downward breakout of 3/8 […]
Today, Thursday, July 21 (2022), Russian gas began flowing again to Europe as soon as maintenance operations were completed on Nord Stream 1 after an interruption of about 10 days. According to the data, Russia resumed pumping gas through the Nord Stream 1 pipeline early in the morning of Thursday, July 21 (2022), and this […]
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Retail Heavily Short EURJPY The retail market is holding a roughly 90% short position in EURJPY today putting the pair firmly in focus as a good candidate for longs. EUR has been trading higher all week and is benefiting nicely today from the drop in USD on the back of yesterday’s US inflation data. […]