Ethereum Has Healthiest Chart Among Group, Watch Proven Support
Recently, cryptocurrencies have begun to sag again, but one of them (Ethereum) has proven support and is postured best if the group turns higher soon.
Recently, cryptocurrencies have begun to sag again, but one of them (Ethereum) has proven support and is postured best if the group turns higher soon.
Gold finally broke the multi-month trading range, has trend-line support at risk of breaking; support yet broken in silver, but could soon.
Brent crude oil price has surpassed another key technical benchmark at $77.75/bbl as the WTI-Brent spread blows out pointing to further Brent tightness.
The Nikkei 225’s dominant bullish uptrend is worth respecting but, unless it can accelerate, it will take a while to make back January’s falls
The Japanese Yen is one of the most sensitive FX pairs to yield differentials as the recent move higher in the UST 10Yr yield favors further JPY weakness.
U.S. stock market indices are so far holding the recent rally from support, readying for another leg higher or stalling before turning down is the question.
Large speculators have been reducing their overall net-long exposure to oil as the commodity continues to rise to multi-year highs.
Next week, the euro looks headed for its first big test of a significant support; how it reacts will be telling as to the single-currency’s likely next move.
Silver has solid support at its feet, but with precious metals not looking so precious support may soon break.
The British Pound has just sunk to a fresh low against the US Dollar, and the bearish run over the past month has almost eclipsed 1,000 pips. With a heavy slate of drivers on the horizon for this week, will bulls be able to break the tides of selling pressure?
Trade headlines, both positive and negative continue to hit the newswires, which is taking over a rather light economic data week while rising yields continue to be on everyone’s mind.
USD/JPY rate continues to trade strongly above technical support like the Ichimoku Cloud showing buying on pull-backs may be preferred path forward.