Daily Pivots: (S1) 1.0368; (P) 1.0438 (R1) 1.0517; More… Intraday bias in EUR/USD is back on the downside for retesting 1.0339 low. Decisive break there will resume larger down trend. Next target is long term Read more…
Daily Pivots: (S1) 1.2040; (P) 1.2123; (R1) 1.2255; More… Intraday bias in GBP/USD remains neutral for consolidation above 1.1932 temporary low. Outlook stays bearish with 1.2666 resistance intact. On the downside, sustained break of 61.8% Read more…
Daily Pivots: (S1) 133.01; (P) 134.31; (R1) 135.10; More… Intraday bias in USD/JPY is turned neutral for consolidation below 135.58. Further rally is expected as long as 131.34 resistance turned support holds. Above 135.58 will Read more…
Markets Yesterday didn’t bring the boring intraday countdown that often guides trading going into a Fed decision. After the recent sharp rise in yields and risk sell-off, investors scaled back on recent unidirectional positioning, whatever Read more…
WTI crude oil futures are declining below the 20-day simple moving average (SMA) after the pull back from the 123.50 resistance level. The price has been developing within an uptrend line over the last two Read more…
AUDUSD has not successfully entered the 0.7000 zone yet despite its impressive post-FOMC rally, which lifted the price by almost 2.0% to 0.7034. The 23.6% Fibonacci retracement of the 0.7660 – 0.6828 downleg was another struggle yesterday Read more…
Samsung’s new Wallet will keep payment cards, car keys, and cryptocurrency accounts in one place. | Image: Samsung First, there was Samsung Wallet. Then it became Samsung Pay. Now, because time is a flat circle, Read more…
Samsung’s new Wallet will keep payment cards, car keys, and cryptocurrency accounts in one place. | Image: Samsung First, there was Samsung Wallet. Then it became Samsung Pay. Now, because time is a flat circle, Read more…
Market movers today Markets will continue to digest the FOMC meeting yesterday while focus turns to meetings in Bank of England (BoE) and SNB today. We look for BoE to hike the Bank Rate by Read more…
A relief was what I expected after the Federal Reserve’s (Fed) fully priced decision to hike the rates by 75bp yesterday, but a rally is what happened. Nasdaq jumped 2.5% and the S&P500 recovered 1.5%. Read more…