Markets Recession fears continue to haunt European markets. The EMU PMI last week falling below the 50 boom-or-bust level and yesterday’s poor German IFO flagged a sharp deceleration of activity going into H2. Russia reducing Read more…
The euro has taken a nasty tumble today. In the North American session, EUR/USD is trading at 1.0144, down 0.76%. Nord Stream 1 cut to 20% capacity The energy crisis surrounding Nord Stream 1, a Read more…
Daily Pivots: (S1) 1.0180; (P) 1.0219; (R1) 1.0259; More… Intraday bias in EUR/USD remains neutral first. on the downside, break of 1.0118 will suggest that rebound from 0.9951 has completed. Bias will be back on Read more…
Daily Pivots: (S1) 1.1976; (P) 1.2032; (R1) 1.2102; More… Intraday bias in GBP/USD is turned neutral with current retreat. Further rise is mildly in favor with 1.1888 minor support intact. Above 1.2089 will target 55 Read more…
Daily Pivots: (S1) 0.9619; (P) 0.9640; (R1) 0.9667; More… Further decline is in favor in USD/CHF with 0.9738 minor resistance intact. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Read more…
Daily Pivots: (S1) 136.10; (P) 136.45; (R1) 137.00; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. On the downside, firm break of 134.73 will confirm short term topping, on bearish divergence condition Read more…
Daily Pivots: (S1) 0.8464; (P) 0.8495; (R1) 0.8514; More… EUR/GBP’s break of 0.8456 minor support suggests that rebound from 0.8401 has completed at 0.8585. Intraday bias is back on the downside for 0.8401 support first. Read more…
The Coinbase platform faces a big problem, which has implications for the entire crypto industry. In the middle of a crypto industry trying to take a breather after months of falling digital-currency prices, a bomb Read more…
Daily Pivots: (S1) 1.4646; (P) 1.4724; (R1) 1.4772; More… EUR/AUD’s decline continues today and hits as low as 1.4598. Intraday bias stays on the downside for retesting 1.4318 low. Decisive break there will resume larger Read more…
Daily Pivots: (S1) 138.92; (P) 139.49; (R1) 140.27; More…. EUR/JPY’s fall resumes after brief recovery and intraday bias stays on the downside. Fall from 142.31 is seen as a falling leg inside the corrective pattern Read more…