Gold started the week on the wrong foot, drifting below the $1,900 level on Monday after hitting a wall around the 50-day simple moving average (SMA) at $1,934. More importantly, the precious metal closed clearly Read more…
US equities bounced back on Monday as investors reacted to the deal between Twitter and Elon Musk. In a statement, Twitter said that it had reached a deal to sell itself for $44 billion. The Read more…
Asian markets are showing tentative signs of life today after the sell-everything move lower yesterday. It looks more dead cat bounce than brave new world though as Beijing’s Covid-19 situation has knocked the Ukraine/Russia war, Read more…
Asian markets were wrapped in caution on Tuesday as investors nursed the nasty hangover from the previous day’s rout as fears over the impact of China’s new lockdowns lingered in the air. Overnight, Wall Street Read more…
Daily Pivots: (S1) 161.77 (P) 163.55; (R1) 165.04; More… Intraday bias in GBP/JPY remains neutral as correction from 168.40 is extending. downside should be contained by 159.02 support to bring another rally. On the upside, Read more…
Daily Pivots: (S1) 136.08; (P) 137.65; (R1) 138.80; More…. Intraday bias in EUR/JPY remains neutral as correction from 139.99 is extending. Downside should be contained by 134.33 support to bring up trend resumption. On the Read more…
Daily Pivots: (S1) 1.4854; (P) 1.4954; (R1) 1.5017; More… EUR/AUD retreats after hitting 38.2% retracement of 1.6223 to 1.4318 at 1.5046. Intraday bias remains is turned neutral first, and further rise is in favor with Read more…
Daily Pivots: (S1) 0.8388; (P) 0.8415; (R1) 0.8432; More… Intraday bias in EUR/GBP is turned neutral with a temporary top formed at 0.8440. Another rise will remain mildly in favor with 0.8307 minor support intact. Read more…
Daily Pivots: (S1) 1.2702; (P) 1.2740; (R1) 1.2773; More… Intraday bias in USD/CAD remains on the upside with 1.2652 minor support intact. Rebound from 1.2401 should target 1.2899 resistance next. On the downside, however, break Read more…
Daily Pivots: (S1) 0.7125; (P) 0.7191; (R1) 0.7247; More… Intraday bias in AUD/USD remains on the downside at this point. Sustained break of 0.7164 support will confirm that whole rebound from 0.6966 has completed at Read more…