Markets will be keenly watching ECB President Christine Lagarde’s press conference on Thursday, for the latest signals pertaining to the size of its intended July rate hike, in addition to the widely expected announcement about Read more…
EUR/USD The U.S. dollar recovered part of its losses during yesterday’s trading session, but the attack of the bulls was thwarted around the local resistance level at 1.0713. In the early hours of today’s session, Read more…
Markets Stock markets guided global trading yesterday in an emotionless session. European stock markets opened rather weak in line with WS’s performance on Tuesday and failed to overturn those losses throughout the day. They eventually Read more…
US equities ended Tuesday session in the positive as the US 10-year yield stretching above the 3% mark acted like a speed bump. That’s relatively good news for the market, because it clearly shows that, Read more…
Market movers today In the US, we get crude oil inventories, where the change may signal how big the demand-supply imbalances are and how much of the inventories is being fed to the market amid Read more…
I warned yesterday that with a dearth of heavyweight data this week until Friday’s US CPI, we were likely to experience choppy trading, driven by swings in sentiment and headlines hitting the news ticker. Sure Read more…
Daily Pivots: (S1) 165.80; (P) 166.45; (R1) 167.66; More… Intraday bias in GBP/JPY remains on the upside for 168.40 resistance. Decisive break there will resume larger up trend. Next target is 100% projection of 150.95 Read more…
Daily Pivots: (S1) 141.31; (P) 141.69; (R1) 142.38; More…. Intraday bias in EUR/JPY remains on the upside. Firm break of 61.8% projection of 124.37 to 139.99 from 132.63 at 142.28 will extend the current up Read more…
Daily Pivots: (S1) 0.8468; (P) 0.8527; (R1) 0.8561; More… Range trading continues in EUR/GBP and intraday bias remains neutral. With 0.8365 support intact, further rise is in favor. On the upside, break of 0.8617 will Read more…
Daily Pivots: (S1) 1.4741; (P) 1.4823; (R1) 1.4885; More… Further fall is expected in EUR/AUD with 1.4965 minor resistance intact. Deeper decline should be seen to 1.4597 support. Firm break there should confirm that rebound Read more…