Month: October 2022

The Euro accelerated higher on Tuesday (up 1% since Asian opening) boosted by improved risk sentiment that kept dollar under pressure for the second straight day. Hawkish comments from ECB policymaker further fuel expectations for Read more…

Markets Should we call it euphoria or are we simply attending a long overdue short-squeeze after a protracted risk sell-off? Whatever, it has been quite a long time since European equities gained 2.5% to 3.5% Read more…

Daily Pivots: (S1) 1.4982; (P) 1.5145; (R1) 1.5239; More… EUR/AUD’s rally resumed after brief retreat and intraday bias is back on the upside. Decisive break of 1.5396 key resistance carry larger bullish implication. Next target Read more…

Daily Pivots: (S1) 144.06; (P) 144.67; (R1) 145.17; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias stays neutral for the moment. Further rally is expected as long as 139.37 resistance turned Read more…

Daily Pivots: (S1) 0.9855; (P) 0.9903; (R1) 0.9972; More… USD/CHF retreated ahead of 0.9964 resistance as range trading continues. Intraday bias remains neutral first. Further rally is in favor as long as 0.9694 support holds. Read more…

Daily Pivots: (S1) 1.1159; (P) 1.1247; (R1) 1.1408; More… Intraday bias in GBP/USD remains on the upside as rise from 1.0351 short term bottom is in progress. Further rally would be seen to 61.8% retracement Read more…

Daily Pivots: (S1) 0.9770; (P) 0.9808; (R1) 0.9862; More… With break of 0.9863 support turned resistance, intraday bias in EUR/USD is back on the upside for 55 day EMA (now at 1.0033). Considering bullish convergence Read more…

European majors are trading generally higher today, as led by Euro this time. In particular, Euro looks set to reclaim parity against Dollar with current rebound. On the other hand, commodity currencies are trading lower Read more…