Crude oil price started a downward move from well above the $108 level against the US Dollar. The price declined below the $100 level to move into a short-term bearish zone. A low was formed Read more…
Daily Pivots: (S1) 166.83; (P) 167.38; (R1) 167.77; More… GBP/JPY’s retreat from 168.40 extends lower today and intraday bias bias remains neutral at this point. Downside of retreat should be contained well above 159.09 support Read more…
Daily Pivots: (S1) 138.19; (P) 138.94; (R1) 139.48; More…. Intraday bias in EUR/JPY is turned neutral with current retreat, as a temporary top is formed at 139.99. Some consolidations could be seen but downside of Read more…
Daily Pivots: (S1) 0.8287; (P) 0.8327; (R1) 0.8358; More… Immediate focus is now on 0.8379 resistance as EUR/GBP’s rebound from 0.8248 extends. Firm break there will turn bias back to the upside. Further break of Read more…
Daily Pivots: (S1) 1.4596; (P) 1.4662; (R1) 1.4769; More… EUR/AUD’s rebound from 1.3418 extends higher today but stays well below 1.4940 resistance. Intraday bias remains neutral and outlook stays bearish too. On the downside, below Read more…
Daily Pivots: (S1) 1.0288; (P) 1.0330; (R1) 1.0373; More…. Intraday bias in EUR/CHF stays on the upside for 1.0400 resistance. Firm break there will resume whole rebound from 0.9970, and target 1.0610 resistance next. On Read more…
GBP/USD dives sharply through 1.3 handle today, breaking through 1.2971 low too. Immediate focus is now on 61.8% projection of 1.3641 to 1.2999 from 1.3297 at 1.2900. Firm break there could trigger more downside acceleration Read more…
UK retail sales dropped -1.4% mom in March, much worse than expectation of -0.3% mom. The largest contribution to the fall came from non-store retailing in which sales volumes fell by -7.9% mom. Food store Read more…
As most FX traders would attest to – the JPY has been taken to the woodshed, where the flow has been one way; it’s been brutal, but it’s been thoroughly deserved. In a world where Read more…
Market movers today Today’s key releases are the preliminary S&P Global PMIs (formerly known as Markit PMIs) for the euro area (including country-specific indices for Germany and France), the UK and the US covering April. Read more…