Twitter jumped 27% in a single move on the news that Elon Musk took a 9.2% stake in the company. The jump in Twitter shares gave an energy boost to the US equities, especially to Read more…
EUR/USD For the single European currency, the week began with some losses against the dollar. After the market opened, the bulls did not even try to test the resistance at 1.1060 and relinquished control of Read more…
US stocks rose on Monday even as investors remained concerned about the Federal Reserve and the fact that the American economy was slowing. The Dow Jones rose by 53 points while the tech-heavy Nasdaq 100 Read more…
Daily Pivots: (S1) 1.4460; (P) 1.4611; (R1) 1.4691; More… EUR/AUD’s strong break of 1.4533 support confirms resumption of larger down trend. Intraday bias is back on the downside for 1.3624 long term support next. On Read more…
Daily Pivots: (S1) 1.0135; (P) 1.0188; (R1) 1.0220; More…. EUR/CHF’s break of 1.0184 minor support argues that rebound from 0.9970 has completed at 1.0400 already, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. Read more…
Daily Pivots: (S1) 1.0937; (P) 1.0996 (R1) 1.1031; More… Intraday bias in EUR/USD remains neutral at this point. With 1.0943 minor support intact, rebound from 1.0805 could still extend higher. Break of 1.1184 resistance will Read more…
Daily Pivots: (S1) 1.3093; (P) 1.3115; (R1) 1.3137; More… GBP/USD is staying in consolidation from 1.2999 and intraday bias remains neutral first. Further decline is mildly in favor with 1.3297 resistance intact. On the downside, Read more…
Daily Pivots: (S1) 0.9246; (P) 0.9264; (R1) 0.9282; More…. USD/CHF is still extending the consolidation from 0.9193 and intraday bias remains neutral first. Further decline is expected with 0.9380 resistance intact. On the downside, below Read more…
Daily Pivots: (S1) 122.38; (P) 122.66; (R1) 123.06; More… Intraday bias in USD/JPY stays neutral as consolidation from 125.09 is still extending. Outlook stays bullish with 121.17 support intact and further rise is expected. On Read more…
Daily Pivots: (S1) 1.2461; (P) 1.2495; (R1) 1.2522; More… Intraday bias in USD/CAD remains neutral for the moment and outlook is unchanged. Further decline is expected with 1.2591 resistance intact. As noted before, corrective pattern Read more…