Month: October 2022

Asian stocks were flashing green on the second day of trading, while Europe is poised to open in a similarly positive manner as sentiment continues to improve, albeit from very low levels. There’s still a Read more…

Markets The UK’s new finance minister Hunt teared his predecessor’s mini budget to pieces and that set the tone on global markets yesterday. Nothing survived other than the reversal of the National Insurance increase and Read more…

Daily Pivots: (S1) 0.9759; (P) 0.9805; (R1) 0.9891; More… Range trading continues in EUR/USD and intraday bias remains neutral. Deeper decline is expected with 0.9998 resistance intact. Below 0.9630 will bring retest of 0.9534 low Read more…

Daily Pivots: (S1) 1.1237; (P) 1.1338; (R1) 1.1463; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, break of 1.1494 will resume the rise from 1.0351 to 61.8% projection of 1.0351 Read more…

Daily Pivots: (S1) 0.9915; (P) 0.9986; (R1) 1.0027; More… Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 1.0072, and sustained trading above 1.0063, will confirm larger up trend resumption. Read more…

Daily Pivots: (S1) 148.61; (P) 148.85; (R1) 149.27; More… USD/JPY is losing some upside momentum as seen in 4 hour MACD, but further rise is in favor to 61.8% projection of 130.38 to 140.33 from Read more…

Daily Pivots: (S1) 0.6227; (P) 0.6270; (R1) 0.6335; More… AUD/USD is staying in consolidation from 0.6169 and intraday bias remains neutral. Further decline is expected as long as 0.6362 support turned resistance holds. Firm break Read more…

Daily Pivots: (S1) 0.8600; (P) 0.8643; (R1) 0.8707; More… EUR/GBP dipped to 0.8577 but quickly recovered. Intraday bias stays neutral at this point. Further decline is expected with 0.8869 resistance intact. On the downside, break Read more…

Daily Pivots: (S1) 1.5573; (P) 1.5631; (R1) 1.5700; More… Intraday bias in EUR/AUD stays on the upside with 1.5429 minor support intact. Current rise should target 161.8% projection of 1.4281 to 1.4965 from 1.4716 at Read more…

Daily Pivots: (S1) 0.9762; (P) 0.9785; (R1) 0.9828; More…. Intraday bias in EUR/CHF is back on the upside as rise from 0.9407 is resuming. Further rise should be seen to 61.8% projection of 0.9407 to Read more…