Happy ending to yesterday’s bloodbath was highly unlikely but it happened. The S&P500 and Nasdaq closed Monday’s session in the positive after having dived more than 4% within the session. Nasdaq extended losses below its Read more…
Market movers today With a light data calendar today, markets will remain in wait-and-see mode ahead of tomorrow’s FOMC meeting and monitor the Russia-Ukraine developments. After German PMIs surprised on the upside yesterday, it will Read more…
Daily Pivots: (S1) 1.1296; (P) 1.1321; (R1) 1.1350; More… Outlook is EUR/USD is unchanged and intraday bias remains neutral first. Price action from 1.1185 are seen as corrective move. Break of 1.1284 will argue that Read more…
Daily Pivots: (S1) 1.3433; (P) 1.3500; (R1) 1.3558; More… Intraday bias in GBP/USD remains on the downside at this point. Rebound from 1.3158 could have completed at 1.3748 already. More importantly, larger fall from 1.4282 Read more…
Daily Pivots: (S1) 113.63; (P) 113.82; (R1) 114.16; More… USD/JPY lost momentum ahead of 113.47 support and intraday bias is turned neutral first. As noted before, considering bearish divergence condition in in daily MACD, it’s Read more…
Daily Pivots: (S1) 0.7095; (P) 0.7142; (R1) 0.7192; More… AUD/USD recovered quickly after hitting 0.7089 and intraday bias remains neutral first. Risk will stay on the downside as long as 0.7313 resistance holds. Corrective rebound Read more…
Daily Pivots: (S1) 1.2560; (P) 1.2631; (R1) 1.2707; More… Intraday bias in USD/CAD remains mildly on the upside at this point. Pull back from 1.2964 should have completed with three waves down to 1.2448. Further Read more…
Daily Pivots: (S1) 1.5765; (P) 1.5855; (R1) 1.5941; More… EUR/AUD spiked higher to 1.5944 but quickly retreated. Intraday bias stays neutral first. On the upside break of 1.5944 will resume the rise from 1.5559 to Read more…
Daily Pivots: (S1) 0.8356; (P) 0.8390; (R1) 0.8427; More… Intraday bias in EUR/GBP remains mildly on the upside at this point. Rebound from 0.8304 is still in progress. Sustained break of 55 day EMA (now Read more…
Daily Pivots: (S1) 1.0315; (P) 1.0337; (R1) 1.0374; More…. EUR/CHF’s down trend resumed by taking out 1.0324 and hit as low as 1.0298. But a temporary low was quickly formed and intraday bias is turned Read more…