Gold has been losing ground since early March, generating a profound structure of lower highs and lower lows within a descending channel. However, in the previous daily session, bullion managed to profoundly cross above its restrictive Read more…
EURUSD experienced its fastest daily rally in two years on Friday, advancing by 2.0% to an intra-day high of 0.9965. The swift bounce back took place at the bottom of a short-term ascending channel, adding credence to Read more…
The Dax 40 rallies as mixed US jobs data lift risk appetite across asset classes. The index previously met stiff selling pressure near September’s high around 13450. A combination of profit-taking and fresh selling in Read more…
The Canadian dollar soared after solid jobs data raised bets for a large-sized rate hike by the BoC. The pair has been struggling to hold onto its gains above October’s lows (1.3500), which was a Read more…
The US dollar plunged after data showed a higher US unemployment rate in October. A break below 1.0000 could prolong the consolidation as the parity level has been acting like a magnet, pulling the price Read more…
Markets On Friday, the US October payrolls was the first reality check after Fed Chair Powell’s hawkish post-FOMC press conference. The report in globo was stronger than expected with job gains at 265k (vs 193k Read more…
Daily Pivots: (S1) 165.63; (P) 166.31; (R1) 167.47; More… Intraday bias in GBP/JPY remains neutral for the moment, and further rally is mildly in favor with 164.95 support intact. On the upside, break of 172.11 Read more…
Daily Pivots: (S1) 144.82; (P) 145.48; (R1) 146.72; More…. Intraday bias in EUR/JPY stays neutral first and consolidation from 148.38 could extend. In case of deeper fall, downside should be contained by 55 day EMA Read more…
Daily Pivots: (S1) 0.8710; (P) 0.8747; (R1) 0.8795; More… Immediate focus is now on 0.8779 resistance in EUR/GBP. Firm break there argue that corrective fall from 0.9267 has completed at 0.8570. Intraday bias will be Read more…
Daily Pivots: (S1) 1.5269; (P) 1.5393; (R1) 1.5513; More… Intraday bias in EUR/AUD stays neutral for the moment. Correction from 1.5704 could extend lower, but downside should contained by 55 day EMA (now at 1.5209) Read more…