EUR/USD The single European currency continues to lose ground against the U.S. dollar, with the bears breaching the support at 1.0237 in the past trading session and reaching levels last recorded two decades ago. The Read more…
Markets Markets yesterday still faced conflicting signals as they tried to assess the mutual interference between growth and inflation. The outright (European) recession panic that dominated trading earlier this week eased even as there was Read more…
Short term Elliott Wave view in Oil suggests the decline from 123.77 did 5 waves down ended an impulse as wave ((a)) at 101.56. Then market bounced building a corrective structure and ended wave ((b)) Read more…
Sentiment is mixed. The S&P 500 eked out small gains after a volatile session. The FOMC minutes, released yesterday, came as a confirmation that the Federal Reserve (Fed) remains fully committed to bringing inflation down, Read more…
US markets got little solace but more clarity from the FOMC Minutes overnight. It was clear from the minutes that the committee members remained highly focused on culling inflation, even if it was at the Read more…
Daily Pivots: (S1) 160.77; (P) 161.67; (R1) 162.95; More… Intraday bias in GBP/JPY stays on the downside at this point. Firm break of 159.97 support will raise the chance of rejection by 167.93 long term Read more…
Daily Pivots: (S1) 137.31; (P) 138.40; (R1) 139.53; More…. EUR/JPY’s fall from 144.26 extends lower and intraday bias remains on the downside. Sustained break of 137.83 support will raise the chance of rejection by 144.06 Read more…
Daily Pivots: (S1) 0.8516; (P) 0.8559; (R1) 0.8586; More… EUR/GBP is still bounded in range of 0.8484/8720 and intraday bias remains neutral. As long as 0.8484 support holds, further rise is in favor. Break of Read more…
Daily Pivots: (S1) 1.4928; (P) 1.5021; (R1) 1.5113; More… Break of 1.5059 minor support argues that EUR/AUD has formed at top at 1.5396, after failing to sustain above 1.5354 support turned resistance. Intraday bias is Read more…
Daily Pivots: (S1) 0.9859; (P) 0.9903; (R1) 0.9931; More…. EUR/CHF’s down trend is still in progress. Intraday bias stays on the downside for 0.9650 long term projection level. On the upside, break of 1.0044 minor Read more…