Bounce from key support at 1.1110 ahead of German/US data release
EUR/USD is recovering from the key Fibo support at 1.1107 amid renewed US dollar selling. Risk aversion and inflation nervousness ahead of German inflation and US GDP could slow the pair’s rally. The daily technical configuration remains constructive for EUR/USD…
Gold remains near record high ahead of key US inflation data
Gold prices rise in a risk-on atmosphere, ignoring robust US data, while the US dollar hits a 12-month low. Powell’s dovish comments keep US Treasury yields stable, put pressure on the US dollar and increase the price of gold. The…
Dollar stable near 1.1150, while further rise in euro is difficult
The single European currency has retreated from highs of 1.12 and is struggling to stay above the 1.1150 mark as the recent upward momentum is already showing clear signs of fatigue since yesterday. Yesterday brought no surprises and the macroeconomic…
This small-cap electronics stock has risen above Rs 1,000. Should you buy it?
Regardless of what type of investor you are, you should keep an eye on a stock’s multi-year breakout, as it could be a sign of significant potential for the security. For example, when a stock crosses the triple-digit mark for…
Boeing shares slip after continued setbacks in mechanical engineering
BA shares fell more than 4% on Tuesday. Due to concerns about several 787 models, the FAA issued a corresponding directive on Monday. During the test flights of the Boeing 777X, a problem occurred related to cracks in the engine…
Consolidation near monthly high, 100.00 points are the key for bulls
AUD/JPY is trading below a new monthly high reached earlier on Tuesday. Due to the mixed technical configuration, some caution is advised before positioning for further gains. Sustained strength beyond the 100 mark is seen as a new trigger for…
Maintains position at 0.6750 with a short-term uptrend
The AUD/USD price could continue to rise due to a short-term uptrend. A 9-day EMA has crossed above the 50-day EMA, suggesting that price momentum is outpacing the longer-term trend. The pair could explore the region around its seven-month high…
Bulls maintain control near the four-week high and expect a rise above 0.6700
AUD/USD rises for the third day in a row, hitting a new multi-week high on Monday. Bets on a Fed rate cut and the RBA’s hawkish stance continue to support the sharp rise. The technical configuration favors bullish traders and…
The first upward barrier occurs at 164.00
EUR/JPY is trading weaker at 163.55 in early Asian trading on Friday. The cross resumes its uptrend above the 100-period EMA with a bullish RSI indicator. The immediate resistance is at 164.00; the 163.10-163.00 area acts as an initial support…
Predicting Important Moves Based on Divergence (Video)
Gold has been in a sideways consolidation for over four months, with erratic movements making it difficult to predict the next move. On the daily chart, the moving averages are stagnant and we see a negative divergence with a downtrend…
