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Tag: Feeling

GBP/USD falls to new yearly lows at 1.3117, all eyes point to 1.3100

GBP/USD falls to new yearly lows at 1.3117, all eyes point to 1.3100 GBP/USD falls to new yearly lows at 1.3117, all eyes point to 1.3100

The British pound extends its monthly losses, falling close to 2%. A depressed market mood stimulated demand for safe-haven assets, where the dollar is “king”. GBP/USD Technical Outlook: Break of 1.3100 would expose Nov 2, 2020 lows at 1.2853. UK Prime Minister Boris Johnson made statements; and he said the UK “cannot just shut down […]

Sentix Investor Confidence crumbles to -7 in March vs. 5.3 forecast

Sentix Investor Confidence crumbles to -7 in March vs. 5.3 forecast Sentix Investor Confidence crumbles to -7 in March vs. 5.3 forecast

Eurozone Sentix investor sentiment sank in the third month of 2022, according to the latest data released by the group Sentix on Monday. The indicator fell sharply to -7 in March from 16.6 points in February, worsening the expected result of 5.3. The index reached its lowest level since November 2020. The current conditions index […]

Double bottom looming as bulls prepare for a move to the yearly high at 116.35

Double bottom looming as bulls prepare for a move to the yearly high at 116.35 Double bottom looming as bulls prepare for a move to the yearly high at 116.35

The rally in US Treasury yields underpins USD/JPY as it gains close to 0.70%. In general, the strength of the US dollar in general weighs on the USD/JPY pair. USD/JPY Technical Outlook: Bullish bias, as shown by the DMAs under the exchange rate, along with a double bottom chart pattern. Improved market sentiment, fueled by […]

XAU/USD slides off daily highs but remains bullish, steady around $1,900

XAU/USD slides off daily highs but remains bullish, steady around $1,900 XAU/USD slides off daily highs but remains bullish, steady around ,900

The bearish market mood increased demand for the yellow metal. Vladimir Putin retaliates for Western sanctions, putting the Russian military on high nuclear alert. XAU/USD Price Forecast: Has a Bullish Bias but Subject to Market Sentiment. Gold (XAU/USD) reached a daily high during the Asian session at the beginning of the week. The financial market […]

Forex Today – Asian Session: Putin Escalates War Despite Peace Talks

Forex Today – Asian Session: Putin Escalates War Despite Peace Talks Forex Today – Asian Session: Putin Escalates War Despite Peace Talks

What you should know on Tuesday, March 1: Risk-related sentiment remained the main driver of the market. Safe-haven assets rose at the weekly open amid the escalation of the war between Russia and Ukraine. Sentiment temporarily improved early in the US session amid peace talks. However, such talks ended without decisions. A new round of […]

Risk aversion increased demand for JPY, trades around 115.08

Risk aversion increased demand for JPY, trades around 115.08 Risk aversion increased demand for JPY, trades around 115.08

Market sentiment is bearish as the war between Ukraine and Russia escalates as Western countries impose harsh sanctions on Russia. The US dollar index rises 0.20%, while US Treasury yields fall. USD/JPY Technical Outlook: Despite the drop on the day, the pair is biased to the upside and could touch the yearly high at 116.35 […]

EUR/USD trims early losses and rises towards 1.1220 amid mixed market mood

EUR/USD trims early losses and rises towards 1.1220 amid mixed market mood EUR/USD trims early losses and rises towards 1.1220 amid mixed market mood

EUR/USD rallied amid a slight improvement in market sentiment. The EU, US, UK and Canada imposed another tranche of sanctions, sparking a risk-off sentiment in the market amid the escalating conflict. Inflation figures for Spain were reported, with the IPCA expanding 7.5% y/y above the 6.8% estimate. EUR/USD remains biased to the downside and could […]

Down from daily highs, stalls at 200 DMA at 0.9179

Down from daily highs, stalls at 200 DMA at 0.9179 Down from daily highs, stalls at 200 DMA at 0.9179

Market sentiment is bearish, fueled by developments in the Ukraine-Russia war, increased appetite for safe haven pairs, with the dollar rising, except for the CHF. New sanctions imposed on Russia prompted a rate hike by the Russian Central Bank of 1,100 basis points amid the ruble’s free fall. USD/CHF Technical Outlook: Neutral bias but upside/downside […]

NZD/USD rises above the 50-DMA at 0.6729 amid increasing fighting between Russia

NZD/USD rises above the 50-DMA at 0.6729 amid increasing fighting between Russia NZD/USD rises above the 50-DMA at 0.6729 amid increasing fighting between Russia

NZD/USD is up 0.64% on the week. Russia’s attack on Ukraine extends for the third day in a row amid reports that Putin is open to talks with Ukraine. NZD/USD Technical Outlook: Neutral bias but 50 DMA capped Friday’s upside move. Friday’s trading session so far has seen an improvement in risk appetite as European […]

Trim some weekly losses, flirt with 1.1250

Trim some weekly losses, flirt with 1.1250 Trim some weekly losses, flirt with 1.1250

The euro is down 0.58% so far this week, after falling on three of the five trading days for the week. EUR/USD hit a 2022 low at 1.1106 on Thursday. EUR/USD Technical Outlook: The pair is biased lower. On Friday, the EUR/USD trims some of its weekly losses, posting gains of 0.48% during the North […]