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GBP/USD seesaws around 1.3480 during the initial Asian session on Tuesday. The cable pair dropped the most in two weeks while stepping back from early November highs the previous day. Even so, the quote remains between the 50-DMA and 100-DMA, suggesting further sideways momentum. It’s worth noting that the RSI line suggests that the bulls are tired and hence short-term declines toward the 50-DMA level surrounding 1.3400 can’t be ruled out. However, the 38.2% Fibonacci retracement level of the October-December fall adds strength to the stated support near 1.3400 and challenges the GBP/USD bears. Should the quote ... (full story)
A wall of maturing debt and a surge in seasonal demand for cash will test China’s financial markets this month, putting pressure on the central bank to ensure sufficient ...
Euro moves back below 1.13 level. Todd Colvin discusses.
It’s a fast start to the New Year as the US Dollar has put in a topside break to start the year, pushing higher from longer-term range support. This has helped to produce a strong ...
The Japanese manufacturing sector registered a solid, albeit slightly softer improvement in operating conditions at the end of 2021, according to December PMI® data. Firms ...
Turkey’s year-on-year inflation rate jumped to 36% according to December’s consumer price index (CPI), released Monday. That's the highest rate since 2002. The big picture: ...
Operating conditions across China's manufacturing sector improved slightly at the end of the year, according to latest PMI data. Firms signalled the strongest increase in output ...