American stocks rose on Wednesday after signs emerged that Russia and Ukraine were making progress. According to the Financial Times, the two sides have made progress on a tentative 15-point peace plan that includes an Read more…
Daily Pivots: (S1) 154.84; (P) 155.50; (R1) 156.78; More… GBP/JPY’s rise from 150.95 accelerates to as high as 156.58 so far. Break of 155.20 resistance argues that pull back from 158.04 has completed. Also, the Read more…
Daily Pivots: (S1) 129.16; (P) 129.60; (R1) 129.91; More…. EUR/JPY’s rise from 124.37 continues today and intraday bias stays on the upside. The corrective pattern from 134.11 could have completed at 124.37 already. Further rise Read more…
Daily Pivots: (S1) 0.8377; (P) 0.8403; (R1) 0.8422; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, above 0.8454 will target 0.8476 structural resistance first. Firm break there will carry larger Read more…
Daily Pivots: (S1) 1.5153; (P) 1.5241; (R1) 1.5304; More… Intraday bias in EUR/AUD stays neutral for the moment. The larger down trend is still expected to continue as long as 1.5354 support turned resistance holds. Read more…
Daily Pivots: (S1) 1.0328; (P) 1.0356; (R1) 1.0409; More…. EUR/CHF’s rebound from 0.9970 is still in progress. Intraday bias stays on the upside for 38.2% retracement of 1.1149 to 0.9970 at 1.0420. Firm break there Read more…
Daily Pivots: (S1) 1.2643; (P) 1.2710; (R1) 1.2746; More… USD/CAD is staying in range of 1.2586/2899 and intraday bias remains neutral. On the upside, break of 1.2899 will target 1.2963 resistance first. Break there will Read more…
Daily Pivots: (S1) 0.7216; (P) 0.7257; (R1) 0.7332; More… AUD/USD is staying in consolidation from 0.7440 and intraday bias remains neutral first. Further rally will remain in favor as long as 0.7093 support holds. As Read more…
Chinese stocks had their best day since 2008 yesterday, as the government stepped in after the latest selloff wiped out $200 billion in market value in just three days. And that selloff followed a very Read more…
Market movers today Markets will continue to digest yesterday’s Fed meeting (see below) and watch out for further headlines about a potential ceasefire agreement in Ukraine. Given high inflation pressures in the economy and rising Read more…