Daily Pivots: (S1) 0.8328; (P) 0.8346; (R1) 0.8361; More… EUR/GBP is trying to resume near term decline, but downside momentum is unconvincing. In any case, outlook will stay bearish as long as 0.8417 resistance holds. Read more…
Daily Pivots: (S1) 1.5736; (P) 1.5786; (R1) 1.5842; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support Read more…
Daily Pivots: (S1) 1.0451; (P) 1.0478; (R1) 1.0531; More…. Intraday bias in EUR/CHF stays on the upside as rebound from 1.0324 short term bottom is extending. Next target is 38.2% retracement of 1.0936 to 1.0324 Read more…
Daily Pivots: (S1) 1.1290; (P) 1.1325; (R1) 1.1366; More… Intraday bias in EUR/USD remains neutral and more sideway trading could be seen. On the upside, sustained trading above 55 day EMA (now at 1.1385) will Read more…
Daily Pivots: (S1) 1.3541; (P) 1.3572; (R1) 1.3612; More… Intraday bias in GBP/USD is neutral as consolidation from 1.3602 temporary top is extending. Further rise is still expected as long as 1.3430 minor support holds. Read more…
Daily Pivots: (S1) 114.89; (P) 115.37; (R1) 115.69; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Downside of the retreat from 116.34 should be contained well well above 114.26 resistance turned support Read more…
Yesterday was quite a stressful session for stock traders as we saw an aggressive selloff at the beginning of the session, which, then softened, brought back the ‘dip-buyers’. Warnings that the Q4 sales may have Read more…
It was another choppy session overnight in equity and currency markets, followed today, by another cautious Asian session on equity markets, with forex markets marching on the spot. In other words, business as usual for Read more…
Market movers today Today’s calendar is rather thin. In the US, the NFIB small business survey is quite interesting, not least the sub-components, which provide information about the labour market and underlying inflation pressure. We Read more…
Daily Pivots: (S1) 0.9214; (P) 0.9244; (R1) 0.9303; More…. Intraday bias in USD/CHF remains on the upside for 0.9293 resistance first. As noted before, with 0.9084 support intact, choppy rise from 0.8925 could still extend Read more…