Daily Pivots: (S1) 1.4760; (P) 1.4852; (R1) 1.4939; More… Intraday bias in EUR/AUD remains neutral for the moment. Further decline is in favor with 1.5043 minor resistance intact. Decisive break of 1.4759 support should confirm Read more…
Daily Pivots: (S1) 0.9827; (P) 0.9856; (R1) 0.9885; More…. EUR/CHF continues to lose downside momentum but there is no clear sign of bottoming yet. Further decline is in favor to 0.9650 long term projection level Read more…
USDCAD skyrocketed by 2.0% to a 20-month high of 1.3222 on Thursday, and although the pair could not cling to this top, it managed at least to close clearly above the 1.3026–1.3077 block, which had Read more…
The USD remains strong as inflation in US remains the primary issue. Speculators believe FED will have to be more aggressive so USD is breaking to a new high while stocks are coming down into Read more…
We now expect the RBA to delay its pause to October with a 25bp increase in September to follow on from our 50bp hike forecast for August. By moving the forecast rate hike in December Read more…
Silver has reached the minimum 100% target in daily time frame from 2.1.2021 at $18.37. However, short term, the metal can still see further downside. Near term Elliott Wave view in Silver (XAGUSD) suggests the Read more…
Bitcoin rose 4.9% on Thursday, ending at around $20,700, and retreated 200 at the start of trading on Friday. Ethereum has added 7.3% in the past 24 hours to $1190. Top altcoins gained between 1.7% Read more…
Markets European bond yields started off with a massive surge yesterday. We view it as a belated catch-up move with their US counterparts following the CPI release on Wednesday. Both German yields and European swap Read more…
The Italian Prime Minister Mario Draghi wanted to resign yesterday, after the Five Star party, which is the second biggest party in Draghi’s coalition government, boycotted a confidence vote in the senate; they didn’t quite Read more…
I only have some egg dripping from my face this morning, instead of a full dozen including shells. My view that the price action post the US inflation numbers across asset classes suggested an albeit Read more…