Trade Zone Live Market Update

DIVE INTO THE MARKETS WITH BORIS AND KATHY OF BKFOREX Boris Schlossberg and Kathy Lien are Forex experts with over 20 years of experience in the industry. Both are often quoted by media outlets around the world including Reuters, Wall Street Journal, and Dow Jones as well as making regular appearances on CNBC. This live 30-minute session is a unique opportunity to plan your next trade in real-time, as Boris and Kathy look ahead at the potential moves taking shape as the weekend approaches. Find out what is hot in indices, forex, crypto, gold, and oil, as they discuss the financial assets they are watching, as well as the key levels to look out for when placing your stops.

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When: Wednesday, March 2nd, 2022 | 10 PM AEDT (11 AM GMT)

What: Live market analysis, technical and fundamental analysis, and a live Q&A

Hosted by: BK Forex leading market experts Boris Schlossberg and Kathy Lien

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Boris will be taking you through the fundamental market movements and setups made since Monday's Trading Week Ahead. At the end of the session, he will be available to answer all your market and trade-related questions in a live Q&A.

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Russia is facing severe disruption to its exports of all commodities from oil to grains

Stock markets fell and oil prices surged today as investors grew increasingly concerned about the consequences of Russia's invasion of Ukraine. Asian markets ended the day on a mixed note. Hong Kong's Hang Seng lost as much as 1.6%, before closing down 0.2%. Japan's Nikkei 225 and Korea's Kospi erased earlier losses and were up 0.2% and 0.8%, respectively. 

China's Shanghai Composite was up 0.3%. On Wall Street, Dow futures were down 490 points, or 1.4% at 3:40 a.m. ET. S&P 500 futures fell 1.9% and NASDAQ futures were 1.7% lower. 

Economic Calendar

Global markets had been turbulent last week after Russian President Vladimir Putin launched an invasion of Ukraine, and the pain has spread beyond stocks. The Russian ruble plummeted as much as 40% Monday against the US dollar after Western countries announced new sanctions against Russia, including expelling certain Russian banks from SWIFT, the high-security network that connects thousands of financial institutions around the world.

Russian rouble plunged to a record low after Russia launched an invasion of Ukraine

Dow Jones Industrial Average

The Dow Jones Industrial Average unchanged 0%. The biggest gainers of the session on the Dow Jones Industrial Average were Johnson & Johnson, which unchanged 0% or 0 points to trade at 163.36 at the close. 3M Company unchanged 0% or 0 points to end at 147.62 and UnitedHealth Group Incorporated was unchanged 0% or 0 points to 467.81 in late trade. The biggest losers included Walt Disney Company, which unchanged 0% or 0 points to trade at 151.36 in late trade. Visa Inc. Class A unchanged 0% or 0 points to end at 222.69 and Microsoft Corporation 0% or 0 points to 287.93.

NASDAQ 100

The NASDAQ index is unchanged 0%. The top performers on the NASDAQ Composite were Inspirato Inc. which was unchanged from 0% to 46.00, Guardforce AI Co Ltd which was unchanged 0% to settle at 0.38, and CarGurus which was unchanged 0% to close at 34.44. The worst performers were Baudax Bio Inc. which was unchanged 0% to 4.2300 in late trade, Everbridge Inc. which was unchanged 0% to settle at 45.54, and LivePerson Inc. which was unchanged 0% to 24.59 at the close.

Wall Street is gauging the further effect of the conflict between Russia and Ukraine on asset prices

Oil

Oil prices jumped today as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. U.S. West Texas Intermediate (WTI) crude was up $4.19, or 4.6%, at $95.78 a barrel after hitting $99.10 in early trade. 

Moves by the U.S. and Europe to remove certain Russian banks from the SWIFT system have raised fears of a disruption to supply of some sort in the near term. The risk to supply is the greatest we've seen for some time and it comes in a tight market. 

Russia is facing severe disruption to its exports of all commodities from oil to grains after Western nations imposed stiff sanctions on Moscow and cut off some Russian banks from the SWIFT international payment system. Russian crude oil grades were already hammered in physical markets. Russia accounts for about 10% of the global oil supply. Goldman Sachs bank raised its one-month Brent price forecast to $115 a barrel from $95 per barrel previously.

Markets seemed to take cheer from news of talks between the U.S. and Russia about Ukraine

Precious and Base Metals

Gold prices reversed course to slide 1% today, and palladium also slipped, as Russia's invasion of Ukraine triggered sharp swings in the precious metals market. Spot gold slipped 0.9% to $1,887.05 per ounce, swinging between gains and losses through the session. U.S. gold futures settled 2% lower at $1,887.60. 

We think the price drop is premature, there is a risk of further escalation in the conflict and it could be just a temporary correction. Some market participants believe the sanctions imposed by the West on Russia are not tough enough. Prices of the safe-haven metal rallied more than 3% to as high as $1,973.96 in the last session after Russia attacked Ukraine. They retreated more than $90 from Thursday's highs. 

The dramatic rise followed by the just as dramatic fall is very technically motivated. A rebound in the global shares markets also weighed on the safe-haven metal, even as analysts expect market volatility to remain elevated. The risk premium and safe-haven demand will continue to support gold, but the upside is limited by the possible rate hike by the U.S. Federal Reserve this March. Palladium dropped 1.3% to $2,372.19. The metal touched $2,711.18 on Thursday, its highest since July. 

Elliot Waves trading idea for Gold, Silver and Gdx

Palladium is the precious metal most exposed to Russia's invasion of Ukraine. With Russia being the largest producer of palladium, the likelihood of ever-stricter sanctions on the country and its companies raises the prospect of a supply shortage boosting prices. Spot silver fell 0.6% to $24.05 per ounce and platinum eased 0.5% to $1,051.88.

Traditional Agricultures

Wheat futures tumbled on Friday in a profit-taking setback after peaking earlier at the highest level since mid-2008 as investors turned back to equities and traders assessed potential disruption to supplies from Russia’s invasion of Ukraine. Corn eased from Thursday’s eight-month peak, while soybeans slipped from a 9-1/2-year top in the previous session as traders liquidated long positions ahead of the weekend. The market continued to gauge the consequences on grain and oilseed supplies from the conflict between two of the world’s biggest exporters. There’s a big shift in money flow ahead of the weekend.

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

Annual inflation hitting rates last seen four decades ago

• The U.S dollar dipped on Friday, giving back some of the strong gains from the previous day
• The greenback on Thursday notched its biggest one-day percentage gain since Nov. 10
• U.S inflation data seen as unlikely to make the Fed overly aggressive at its next policy meeting
• U.S President hit Russia with a wave of sanctions following that country's invasion of Ukraine

The U.S. dollar dipped on Friday, giving back some of the strong gains from the previous day, as investors gauged the latest round of sanctions on Russia and U.S. inflation data was seen as unlikely to make the Federal Reserve overly aggressive at its next policy meeting. 

The greenback on Thursday notched its biggest one-day percentage gain since Nov. 10 to reach 97.74, its highest since June 30, 2020. However, it gave back some gains after U.S. President Joe Biden hit Russia with a wave of sanctions following that country's invasion of Ukraine, but refrained from imposing sanctions on Russian President Vladimir Putin and disconnecting Russia from the SWIFT international banking system.

U.S. economic data showed consumer spending increased more than expected in January even as price pressures mounted, with annual inflation hitting rates last seen four decades ago, although the personal consumption expenditures price index increased 0.6% in January after rising 0.5% in December.

Economic Calendar

The revisions to income and spending data shows the economy was very resilient to Omicron and to high oil prices. Hopefully, the situation with Russia is short-lived, but even if oil prices stay elevated, the economy should have enough fundamental strength to tolerate high energy prices. 

The inflation numbers weren’t great, but at least the month-on-month inflation numbers aren’t moving higher. That should take some wind out from under the wings of the most hawkish Fed members. The dollar index fell 0.459%, with the euro up 0.59% to $1.1257. The euro fell to $1.105 on Thursday, its weakest against the greenback since June 1, 2020. Even with Friday's pullback, the dollar was still on track for a third straight week of gains. Before Thursday's jump -- which sent the dollar to its highest level since June 30, 2020 -- the greenback had been subdued in recent weeks, as rising tensions in Ukraine fueled expectations the Fed may be less aggressive in tightening policy as it attempts to rein in inflation. Expectations for at least a 50-basis-point interest rate hike at its March meeting have fallen to 25%

Elliot Waves trading idea for Gold, Silver and Gdx

Euro

The single currency sank more than 1% after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system. Russian President Vladimir Putin ordered his military command to put nuclear-armed forces on high alert on Sunday. Overall, the EUR/USD traded with a low of 1.1274 and a high of 1.1273 before closing the day around 1.1271 in the New York session.

Yen

The Japanese Yen gained as the U.S dollar dipped, giving back some of the strong gains from the previous day, as investors gauged the latest round of sanctions on Russia and U.S. inflation data was seen as unlikely to make the Fed overly aggressive at its next policy meeting. U.S economic data showed consumer spending increased more than expected in January. Overall, the USD/JPY traded with a low of 115.12 and a high of 115.74 before closing the day around 115.52 in the U.S session.

British Pound

The British Pound traded lower as the UK consumer confidence survey, compiled by Gfk recorded its sharpest month-on-month drop in February since the start of the pandemic. The figure has been trending lower since November and dropped from -19 to -26. UK consumers expressed concern over energy and food price rises. Overall, the GBP/USD traded with a low of 1.3364 and a high of 1.3471 before closing the day at 1.3411 in the New York session.

Canadian Dollar

The Canadian Dollar strengthened as domestic data showed wholesale trade rising in January and currency traders walked back some of the large moves seen the day before in reaction to Russia's invasion of Ukraine. The price of oil, one of Canada's major exports, gave back some recent gains, with U.S crude oil futures falling 1.1% to $91.76 a barrel. Overall, USD/CAD traded with a low of 1.2692 and a high of 1.2818 before closing the day at 1.2702 in the New York session.

Australian Dollar

The Australian Dollar took a knock today as the escalating crisis in Ukraine clouded the outlook for global growth and inflation, overshadowing strength in Australian economic data. Higher commodity prices were supporting the Aussie given Australia was a net energy exporter, though record petrol prices at home will act as a tax on consumers and add to inflation concerns. Overall, AUD/USD traded with a low of 0.7138 and a high of 0.7235 before closing the day at 0.7231 in the New York session.

Russian rouble plunged to a record low after Russia launched an invasion of Ukraine

Euro-Yen

EUR/JPY is trading below 14, 50 and 100 days moving average. Fast stochastic is giving a bearish tone and MACD is also issuing a bearish stance. The Relative Strength Index is above 40 and lies below the neutral zone. In general, the pair has gained 0.73%.

Sterling-Yen

Currently, GBP/JPY is trading below 14, 50 and 100 days moving average. Fast stochastic is issuing a bearish tone and MACD is also indicating a bearish stance. The Relative Strength Index is above 42 reading and lies below the neutral zone. On the whole, the pair has gained 0.30%.

Aussie-Yen

Currently, the cross is trading above 14, 50 and below 100 days moving average. Fast stochastic is giving a bearish tone and MACD is also indicating a bearish stance. The Relative Strength Index is above 54 reading and lies above the neutral region. In general, the pair has gained 1.01%.

Euro-Sterling

This cross is currently trading above 14, 50 and below 100 days moving average. Fast stochastic is indicating a bullish tone and MACD is also issuing a bullish signal. The Relative Strength Index is above 46 and lies below the neutral region. Overall, the pair has gained 0.44%.

Sterling-Swiss

This cross is trading below 14, 50 and 100 days moving average. Fast stochastic is issuing a bearish stance and MACD is also indicating a bearish tone. The Relative Strength Index is above 40 and lies below the neutral region. In general, the pair has gained 0.26%.

February has proved to be the perfect storm for gold - with inflation, falling stock markets, and geopolitical uncertainty

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

Elliot Waves trading idea for Gold, Silver and Gdx

Hello traders and investors. I am Radi Valov, a professional trader and today I want to make a quick update to my analysis of gold and silver. There has been a lot of volatility in the commodity market in the last week, of course in the stock and forex markets as well, but in general, the commodities are much more volatile.

I'll start with the weekly silver trend chart. (anyone who wants to see bigger time frames and older trading charts can check out my previous analysis for Gold and Silver in Market Analysis category Trading signals)

Silver-Weekly Chart

It is a very interesting moment for Silver. Most likely the correction, which I consider as a flat for wave 2, is over. Wave C of 2 developed as an ending diagonal and ended with a shortened fifth wave.

I consider the bottom from four weeks ago -21.98 as the last bottom for the end of this correction for wave 2. From there upwards impulse movement develops for the first wave of the new upward cycle. At the moment we are correcting this first wave and I expect the price to find support in the zones around 23.70-23.30. A critical point for the analysis, for now, is the bottom at 21.98. The potential of this commodity is much greater than that of gold, in my opinion, and now is the right time to watch very closely, as we are at a very early stage of the new cycle and the risk/return ratio can be huge here.

Gold-Daily Chart

After my last analysis, Gold made a nice rise and it now seems obvious that the symmetrical triangle I'm looking at for wave 4 is over. According to my counting, the last wave (е) of this triangle ended with the bottom in the zone of 1780 and from there we have completed the impulse motion for wave 1 of a new upward trend.

I expect to see a correction in the coming weeks to find support in the area around 1830-1850. The critical point for bullish analysis (with red on the graph) is the bottom of 1780. A break at this level would mean that we are in the alternative scenario (with blue on the graph) and a much larger and longer downward correction is underway.

Gold companies should also have started a new upward cycle. A critical point for GDX is the bottom in the zone of 29. I expect, as with both metals, to see a correction of the last rise here, which will most likely find support in the zone around 32.

GDX-Weekly Chart

See my previous analysis for Gold and Silver

Elliott waves signal for Gold update

Elliott waves signal for Gold

Elliott waves signal for Silver

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

February has proved to be the perfect storm for gold - with inflation, falling stock markets, and geopolitical uncertainty

U.S stock indexes slid more than 1% yesterday, led by losses in bank stocks, as Russia’s all-out invasion of Ukraine sparked a widespread selloff in global markets. On the benchmark S&P 500, all the 11 major sectors slipped into the red, with financial stocks falling 2.9%, while tech and consumer discretionary stocks lost more than 1% each. 

Russian forces invaded Ukraine in a mass assault by land, sea, and air, the biggest attack by one state against another in Europe since World War Two. The escalation in conflict rattled financial markets as global shares slumped and oil prices broke above $100 a barrel, while safe havens gold, government bonds and the dollar surged in the flight to safety. 

The United States and its allies promised tough sanctions against Moscow after weeks of fruitless diplomatic efforts and an initial wave of modest sanctions. Most big lenders, including Bank of America Corp, Citigroup Inc., Wells Fargo and Goldman Sachs Group Inc. slipped over 4% each.

Economic Calendar

Dow Jones Industrial Average

The Dow Jones Industrial Average gained 0.28%. The best performers of the session on the Dow Jones Industrial Average were Salesforce.com Inc., which unchanged 0% or 0 points to trade at 196.84 at the close. Meanwhile, Microsoft Corporation was unchanged 0% or 0 points to end at 287.93, and Intel Corporation was unchanged 0% or 0 points to 45.04 in late trade. The worst performers of the session were Merck & Company Inc., which unchanged 0% or 0 points to trade at 76.37 at the close. JPMorgan Chase & Co unchanged 0% or 0 points to end at 152.14 and Procter & Gamble Company was 0% or 0 points to 159.90.

Elliot Waves trading idea for SP500 DowJones and Nasdaq

NASDAQ 100

The NASDAQ index gained 3.34%. The top performers on the NASDAQ Composite were Cyren Ltd which was unchanged 0% to 2.2700, Lantheus Holdings Inc. which was unchanged 0% to settle at 28.85 and Imperial Petroleum Inc. which was unchanged 0% to close at 0.49. The worst performers were HeadHunter Group PLC ADR which was unchanged 0% to 38.99 in late trade, Versus Systems Inc. which was unchanged 0% to settle at 2.155, and Yandex NV which was unchanged 0% to 44.75 at the close.

Oil

Oil prices jumped today by nearly 3% on concerns of global supply disruptions from the impact of trade sanctions on major crude and fuel exporter Russia after it invaded Ukraine. U.S crude touched a high of $95.64 a barrel, and was last up $2.37, or 2.6%, at $95.18. 

The start of the invasion in Ukraine on Thursday caused prices to surge above $100 a barrel for the first time since 2014, with Brent touching $105, before paring gains by the close of trade. The massed Russian assault by land, sea, and air was the biggest attack on a European state since World War Two, prompting tens of thousands of people to flee their homes. Asian buyers, clearly nervous into the weekend, have piled into oil today sending prices higher once again, helped along by reports of explosions in Kyiv. In response to the invasion, U.S. President hit Russia with a wave of sanctions on Thursday, measures that impede Russia's ability to do business in major currencies along with sanctions against banks and state-owned enterprises.

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Precious and Base Metals

Gold rose today, stabilizing after big swings in the previous session when prices jumped as much as 3% before closing lower, as investors reassessed the fallout of the Ukraine crisis and fresh sanctions imposed by the West against Russia. Palladium resumed its rally, with traders cued in for signals on potential supply shortfalls from Russia. Spot gold rose 0.7% to $1,916.10 per ounce, after hitting its highest since September 2020 at $1,973.96 yesterday. 

The contract was set for a fourth straight weekly gain. U.S gold futures, however, shed 0.5% to $1,917.60. In the near term, investors are still digesting, still assessing risks and rewards as a result of the Ukraine invasion and the implications of Western sanctions on Russia. The Russian invasion has been pegged as the biggest attack on a European state since World War Two. 

Elliott waves signal for Gold update

February has proved to be the perfect storm for gold - with inflation, falling stock markets, and geopolitical uncertainty boosting its safe-haven appeal. Exchange-traded funds that invest in gold and other precious metals have seen massive inflows this year. Palladium gained 2.7% to $2,465.85, after scaling a peak since July 2021 at $2,711.18 yesterday, on course for a third weekly rise. With platinum and palladium being a key export for Russia, we simply rushed to those exits, covering shorts. 

Today, platinum and palladium are simply following gold. Russia's Nornickel is a major producer of both metals used in catalytic converters to clean car exhaust fumes. Spot silver rose 0.5% to $24.33 per ounce, platinum was up 0.3% to $1,059.97.

Traditional Agricultures

Wheat futures spiked by their daily trading limit on Thursday to their highest since mid-2012 and corn futures touched eight-month peaks after Russian forces attacked Ukraine, exacerbating worries over global grain supplies. Soyoil futures notched an all-time high on concerns about global vegetable oil supplies amid conflict in the major sunflower oil-producing region. 

Soybean futures eased on profit-taking after setting fresh 9-1/2-year highs overnight. Russian forces invaded Ukraine by land, air, and sea, confirming the worst fears of the West with the biggest attack by one state on another in Europe since the Second World War.

The game is still in the air, and the markets know it

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.

Russian ruble plunged to a record low after Russia launched an invasion of Ukraine

• The U.S. dollar jumped to its highest level in nearly two years in yesterday’s trading session
• Russian forces invaded Ukraine in an assault by land, sea and air
• U.S markets were in the throes of the first wave of the COVID-19 pandemic

The U.S. dollar jumped to its highest level in nearly two years and the Russian rouble plunged to a record low on Thursday after Russia launched an invasion of Ukraine, as investors fled risk assets and moved toward safe-haven assets. 

Russian forces invaded Ukraine in an assault by land, sea, and air, in the biggest attack on a European country since World War Two. The dollar index rose 0.869% and was on pace for its biggest daily percentage gain since March 2020, when the U.S, markets were in the throes of the first wave of the COVID-19 pandemic.

The greenback reached a high of 97.740 against a basket of major currencies, its highest since June 30, 2020. The dollar weakened slightly as U.S President Joe Biden announced new sanctions against Russia, including banks. We have a big geopolitical development that a lot of people haven’t seen before in their lives; it’s a classic risk-off move. 

Economic Calendar

There is a push and pull over which currency is the biggest safe haven at the moment. Against other safe-havens, the dollar rose 0.77% against the Swiss franc while the Japanese yen weakened 0.54% versus the greenback at 115.61 per dollar. The greenback has been subdued recently as tensions in Ukraine have increased and fueled speculation the U.S. Federal Reserve may be less aggressive in tightening policy at its March meeting. 

Expectations for at least a 50-basis-point interest rate hike have dropped to 7.5% from around 34% a day ago. Fed policymakers on Thursday acknowledged the central bank's tightening plans were now jousting with the possibility of war and its impact on oil prices. The Australian and New Zealand dollars were holding their ground today as the Russian invasion of Ukraine caused major mood swings in markets, but also boosted prices for resources Australia is rich in.

Wall Street is gauging the further effect of the conflict between Russia and Ukraine on asset prices

Euro

The single currency was down 0.95% as the U.S dollar jumped to its highest level in nearly two years and the Russian rouble plunged to a record low yesterday after Russia launched an invasion of Ukraine, as investors fled risk assets and moved toward safe-haven assets. Russian forces invaded Ukraine in an assault by land, sea, and air. Overall, the EUR/USD traded with a low of 1.1105 and a high of 1.1309 before closing the day around 1.1190 in the New York session.

Yen

The Japanese Yen is likely to continue to face headwinds as Japan’s central bank maintains a more dovish stance than peers, even after the currency briefly hit three-week highs on Thursday on safe-haven buying. The Bank of Japan is more dovish than peers as the country faces more modest growth and inflation, while the U.S Fed is expected to aggressively hike rates. Overall, the USD/JPY traded with a low of 114.38 and a high of 115.67 before closing the day around 115.51 in the U.S session.

British Pound

The British Pound fell against the dollar but stood its ground versus the euro as investors rushed into safe-haven assets after Russia launched an all-out invasion of Ukraine by land, air, and sea. Ukraine’s President said Kremlin leader Vladimir Putin’s aim was to destroy his state, while U.S President and other leaders promised tough new sanctions in response. Overall, the GBP/USD traded with a low of 1.3270 and a high of 1.3547 before closing the day at 1.3375 in the New York session.

Markets seemed to take cheer from news of talks between the U.S. and Russia about Ukraine

Canadian Dollar

The Canadian Dollar weakened to its lowest level since December against its U.S counterpart yesterday as Russia's invasion of Ukraine triggered a flight to safety in global financial markets. The price of oil, one of Canada's major exports, climbed 7.60% to $99.10 a barrel as the invasion added to concerns about disruptions to the global energy supply. Overall, USD/CAD traded with a low of 1.2725 and a high of 1.2875 before closing the day at 1.2812 in the New York session.

Australian Dollar

The Australian Dollar holding its ground today as the Russian invasion of Ukraine caused major mood swings in markets, but also boosted prices for resources Australia is rich in. The Aussie has been indirectly supported this week by bumper dividend payments from miners which are converted from U.S. dollars to Aussie. Overall, AUD/USD traded with a low of 0.7169 and a high of 0.7228 before closing the day at 0.7171 in the New York session.

Euro-Yen

EUR/JPY is trading below 14, 50 and 100 days moving average. Fast stochastic is giving a bearish tone and MACD is also issuing a bearish stance. The Relative Strength Index is above 41 and lies below the neutral zone. In general, the pair has lost 0.54%.

The dollar bounced on Thursday after a Russian news report of mortar fire in eastern Ukraine

Sterling-Yen

Currently, GBP/JPY is trading below 14 and above 50, 100 days moving average. Fast stochastic is issuing a bearish tone and MACD is also indicating a bearish stance. The Relative Strength Index is above 45 reading and lies below the neutral zone. On the whole, the pair has lost 0.80%.

Aussie-Yen

Currently, the cross is trading above 14, 50 and below 100 days moving average. Fast stochastic is giving a bearish tone and MACD is also indicating a bearish stance. The Relative Strength Index is above 43 reading and lies below the neutral region. In general, the pair has lost 0.54%.

Euro-Sterling

This cross is currently trading below 14, 50 and below 100 days moving average. Fast stochastic is indicating a bullish tone and MACD is also issuing a bullish signal. The Relative Strength Index is above 44 and lies above the neutral region. Overall, the pair has gained 0.25%.

Sterling-Swiss

This cross is trading above 14, 50 and 100 days moving average. Fast stochastic is issuing a bearish stance and MACD is also indicating a bearish tone. The Relative Strength Index is above 46 and lies above the neutral region. In general, the pair has lost 0.42%.

Investors are lost in the fog of war and that’s why we are seeing this volatility

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All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner's prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.