Daily Pivots: (S1) 1.0351; (P) 1.0432; (R1) 1.0492; More…. EUR/CHF retreated sharply after failing to break through 1.0513 resistance. Intraday bias is turned neutral first. On the upside, decisive break of 1.0513 will resume the Read more…
Daily Pivots: (S1) 1.2597; (P) 1.2651; (R1) 1.2753; More… USD/CAD’s break of 1.2685 minor resistance suggest that a short term bottom is formed at 1.2516, well ahead of 1.2401 support. Intraday bias is back on Read more…
Daily Pivots: (S1) 0.7059; (P) 0.7132; (R1) 0.7169; More… Intraday bias in AUD/USD stays neutral for the moment. Outlook is unchanged that further rise will remain in favor as long as 0.7034 support holds. Current Read more…
Daily Pivots: (S1) 133.53; (P) 134.04; (R1) 134.90; More… Intraday bias in USD/JPY remains neutral as consolidation from 134.55 temporary top would extend. But downside should be contained above 131.34 resistance turned support. Break of Read more…
Daily Pivots: (S1) 0.9745; (P) 0.9781; (R1) 0.9839; More… USD/CHF’s rebound form 0.9543 resumes after brief consolidation and intraday bias back on the upside. Further rally would be seen to retest 1.0063 high. Firm break Read more…
Daily Pivots: (S1) 1.2469; (P) 1.2514; (R1) 1.2540; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the downside, break of 1.2429 support suggest that rebound from 1.2154 has completed. Intraday bias Read more…
Markets Yesterday, the ECB turned a page. With new staff projections forecasting both core and headline inflation to stay above the 2.0% target over the bank’s policy horizon, the ECB couldn’t but formally give the Read more…
European and US stocks declined yesterday and the futures hint at a bearish start in Europe. Inflation and recession fears take the upper hand, after the European Central Bank (ECB) raised its inflation significantly from Read more…
Market movers today With ECB’s meeting behind us, the markets will remain sensitive to potential sources stories, which may indicate the difference on views on the size of rate hikes at the September meetings and Read more…
The roller coaster activity on US stock markets continued overnight, with Wall Street deciding that inflation and recessions were an issue for two days in a row. A tiny rise in US Initial Jobless Claims Read more…