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Trying to bounce. (By Peter Rosenstrelch) ·Bitcoin has recovered marginally trying to bounce off support, Extension of bearish pressure indicates a test of 5992 support, The...

Grinding higher. (By Peter Rosenstrelch) ·Crude continues to strengthen as can be seen by the break of the hourly resistance at 65.95. Hourly support and resistance are given at...

Bullish pause. (By Peter Rosenstrelch) ·Silver continues to strengthen as can be seen by the break of the hourly resistance at 16.87. Succession of higher lows continues to...

Success test of resistance. (By Peter Rosenstrelch) ·Gold has bounce successfully tested resistance indicating a challenge of support, Hourly support and resistance are given at 1282...

The US dollar started the days off to wheel as investors cheered the successful conclusion of the Trump-Kim summit. During the Asian session, the dollar index bounced to 93.89 as the single currency fell as low as 1.1741, USD/JPY rose to 110.49 and USD/CHF hit 0.9884...

On the surface, risk is building, yet underneath, volatility continues to compress. The VIX volatility index at 12.33 is at levels not seen since January. Financial markets are less concerned about geopolitical hype and more focused on fundamentals...

Weak bounce. (By Peter Rosenstreich) • AUD/USD has weakened near the resistance at 0.7652 breaking the hourly support at 0.7595 (07/06/2018 low). Break of the strong resistance...

Choppy consolidation. (By Peter Rosenstreich) • USD/CAD has successfully bounced off uptrend support, approaching key downtrend resistance. Hourly support and resistance are...

Bouncing. (By Peter Rosenstreich) • USD/CHF displayed some buying interest near the support at 0.9778 (downtrend line support) yesterday. However, prices need to break the...

Sharp spike. (By Peter Rosenstreich) • USD/JPY continues to rise after its bullish reversal pattern from 108.39 (31/05/2018 low). Strong support and resistance are located at...

Bouncing. (By Peter Rosenstreich) • GBP/USD has bounced near the support yet the resistance at 1.3458 has thus far not been decisively broken. Key support and resistance...

Bouncing further. (By Peter Rosenstreich) • EUR/USD has broken the resistance at 1.1736 leading to renewed buying pressure. The shortterm trend remains negative as long as prices...

The European Central Bank meeting next Thursday will indicate the end of asset purchases. Council members say that if inflation remains stable, bond buying should be taper. We think that markets are focused on the pure economic data...

Global equities took a hit on the last trading day of the week as investors reallocates their portfolio toward less risky assets. The move was similar in the FX market with the US dollar extending gains against most of its peers, with the exception of the Japanese yen (up 0...

In a surprise move Switzerland consumer price inflation rose higher then forecasts. The move will certain triggers speculation of quicker normalization of extreme policy. Swiss May CPI came in at 0.4% m/m vs. 0.3% m/m exp (1.0% y/y vs. 0.9% y/y) while core CPI climbed 0.1% m/m and 0.4% y/y...

The single currency extended gains on Wednesday with EUR/USD finally breaking the 1.1745 resistance to the upside and EUR/CHF climbing towards 1.16...

Weakening. By Peter Rosenstreich • Bitcoin is declining after reaching 7753, approaching the 7350 range. The pair is further contained between support and resistance given...

After a brief rally supported by speculation of tight supplies, crude oil crashed. WTI experienced its largest single-day fall since 2017, as supply increases hit the wires...

As widely expected, the Reserve bank of Australia left its official cash rate target unchanged at 1.50%. The overall tone of the statement remains positive with Governor Lowe staying positive on both Australian and global economic developments...

While the market focused on Italy, the US released some interesting data yesterday. ADP for May reported a marginally weaker result than expected 178k verse 190k exp. The BEA dropped Q1 real GDP to 2.2% q/q against 2.3% exp from previously reported 2.3% q/q...