The price of crude oil held steady close to a seven-year high as investors remained optimistic about the rising demand. Brent rose to $86.71, meaning that it has jumped by 10% this year. WTI, the Read more…
Market movers today On the data front we look for German ZEW for January, which could very well slip further due to the triple headwinds from COVID, eroding real income and supply side bottlenecks. UK Read more…
It was quiet session yesterday as the US stock and bond markets remained closed for bank holiday, while the European equities kicked off the week mostly in the positive, especially with the FTSE 100 leading Read more…
Daily Pivots: (S1) 156.07; (P) 156.39; (R1) 156.70; More… GBP/JPY is staying in consolidation from 157.74 and intraday bias remains neutral. Overall, further rise is still expected with 154.86 support intact. On the upside, decisive Read more…
Daily Pivots: (S1) 130.41; (P) 130.62; (R1) 130.92; More…. EUR/JPY is staying in consolidation form 131.59 and intraday bias remains neutral first. On the upside, break of 131.59 resistance will reaffirm the bullish case that Read more…
Daily Pivots: (S1) 0.8347; (P) 0.8355; (R1) 0.8367; More… EUR/GBP is staying in consolidation from 0.8322 and intraday bias remains neutral first. Upside of recovery should be limited by 0.8417 resistance to bring another decline. Read more…
Daily Pivots: (S1) 1.5790; (P) 1.5823; (R1) 1.5851; More… Outlook in EUR/AUD is unchanged and intraday bias stays neutral first. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 Read more…
Daily Pivots: (S1) 1.0416; (P) 1.0431; (R1) 1.0442; More…. Intraday bias in EUR/CHF stays neutral and outlook is unchanged. Rebound from 1.0324 could still extend higher. But upside should be limited by 38.2% retracement of Read more…
Daily Pivots: (S1) 1.2493; (P) 1.2525; (R1) 1.2550; More… USD/CAD is staying in consolidation from 1.2452 and intraday bias remains neutral first. Further fall is expected as long as 1.2619 support turned resistance holds. Current Read more…
Daily Pivots: (S1) 0.7194; (P) 0.7212; (R1) 0.7228; More… Intraday bias in AUD/USD remains neutral first. We’re still slightly favoring the case that correction from 0.8006 is complete after defending 0.6991. Above 0.7313 will extend Read more…