Month: November 2022

WTI crude plunges over a buildup in US storage. The price turned south after it met stiff selling at the October high of 93.50. A fall below the psychological level of 90.00 has forced some Read more…

Bullion pulls lower as traders reposition ahead of US inflation data. The price has recouped losses from the October sell-off and is now retesting the daily resistance at 1730 . A break above this ceiling Read more…

The Australian dollar steadies as inflation expectations beat estimates. After the pair found support over 0.6270, a lack of new lows suggests the sell-off has lost steam. Then a close above the major supply area Read more…

We’re seeing some risk aversion in financial markets on Thursday as we await inflation data from the US later in the week. It probably won’t come as a surprise to many that we’re seeing stock Read more…

Markets Yesterday, a rather inconclusive outcome of the US midterm elections initially left markets looking for a clear driver. Sentiment gradually turned outspoken risk-off in US dealings with persistent uncertainty on the reopening of the Read more…

Daily Pivots: (S1) 0.9826; (P) 0.9882; (R1) 0.9909; More…. EUR/CHF is still extending the consolidation pattern from 0.9953 and intraday bias stays neutral. Deeper retreat cannot be ruled, but downside should be contained by 0.9798 Read more…

Daily Pivots: (S1) 1.5489; (P) 1.5538; (R1) 1.5618; More… Focus is back on 1.5704 in EUR/AUD with current strong rebound. Firm break there will resume larger up trend from 1.4281. Next target will be 61.8% Read more…

Daily Pivots: (S1) 0.8746; (P) 0.8787; (R1) 0.8858; More… EUR/GBP’s break of 0.8779 resistance suggests that pull back form 0.9267 has completed at 0.8570. Intraday bias is back on the upside for 0.8869 resistance first. Read more…

Daily Pivots: (S1) 146.24; (P) 146.68; (R1) 147.03; More…. EUR/JPY is staying in consolidation from 148.38 and intraday bias remains neutral for the moment. In case of another fall, downside should be contained by 55 Read more…

Daily Pivots: (S1) 165.39; (P) 166.85; (R1) 167.73; More… GBP/JPY is extending the consolidation from 172.11 and intraday bias stays neutral first. Overall, further rally is mildly in favor with 164.95 support intact. On the Read more…