Daily Pivots: (S1) 1.2049; (P) 1.2090; (R1) 1.2117; More… Intraday bias in GBP/USD remains neutral for the moment. Outlook is unchanged that rebound from 1.1759 should have completed after hitting 55 day EMA. On the Read more…
Daily Pivots: (S1) 0.9511; (P) 0.9536; (R1) 0.9560; More… Intraday bias in USD/CHF stays neutral for the moment. On the upside, break of 0.9650, and sustained trading above 55 day EMA (now at 0.9647) will Read more…
Daily Pivots: (S1) 1.2853; (P) 1.2876; (R1) 1.2909; More… Intraday bias in USD/CAD remains neutral at this point. On the downside, break of 1.2817 minor support will suggest that fall from 1.3222 high is ready Read more…
NZDUSD has been silent since Monday’s negligible pickup, which put the market in the green territory on a weekly basis, trading flat at 0.6280 ahead of the US CPI inflation early on Wednesday. The pair Read more…
Market picture Bitcoin lost 3.8% on Tuesday, ending it at around $23.2K, and is developing a decline to $22.9 by Wednesday morning. Ethereum has lost 5.6% in the last 24 hours, to $1680. Top altcoins Read more…
EUR/USD The pair continues tо consolidate since the second half of July. The main support remains the area between 1.0120 – 1.0150, and the main resistance is the wall at 1.0270. After such a long Read more…
The FTSE 100 edged higher supported by financial and commodity stocks. A bullish MA cross on the daily chart shows an acceleration in the rally. As the index grinds a rising trendline, the optimism is Read more…
The euro climbs as traders bet on a 50bp move by the ECB in September. On the daily chart, the directional bias is still up after it bounced off the floor at 133.50. A break Read more…
Gold rallies as the market awaits US inflation data. A break above the 30-day moving average has helped the recovery gain traction. A rising trendline from late July indicates a bullish bias. The latest pullback Read more…
We’re seeing plenty of apprehension ahead of the US inflation report on Wednesday, with Asia in the red and Europe following suit. It’s impossible to get away from the fact that the inflation report has Read more…