Forecasts & Analysis

EUR/USD failed to settle below the 20 EMA and is trying to settle above the resistance at 1.2090.

The world’s most popular crypto, suffer heavy losses in the early hours on Thursday, as panic strengthened in the crypto-verse.

Late April, see here, I found the S&P500 (SPX) still to be on track for SPX4375″ as long as the index can hold last week’s low and especially SPX4095″.

GBP/USD declined below the support at 1.4080 and is testing the next support level at 1.4050.

Sonos shares surged as much as 20% in after trading hours on Wednesday after the developer and manufacturer of audio products reported better-than-expected earnings in the fiscal second quarter and lifted its full-year 2021 revenue outlook.

It’s a bullish start to the day for the majors. Failure to move through the day’s pivot levels, however, would bring support levels back into play.

It’s a bullish start to the day following yesterday’s tumble. Avoiding a fall back through the pivot level would bring resistance levels into play.

It’s a quiet day ahead on the Eurozone economic calendar. The lack of stats will leave U.S wholesale inflation and jobless claim figures to influence.

It’s been a choppy start to the day for the majors. A move through the day’s pivot levels would bring resistance levels into play, however.

USD bids strengthened their grip Wednesday, lifted on the back of a rise in US Treasury yields in addition to stronger-than-anticipated US inflation data.