Month: November 2022

The pound holds onto its gains after the PPI for October was revised upwards. As the pair approaches the August high of 1.2270, a bearish RSI divergence is a warning sign that the rally may Read more…

Markets On Friday, US and European bond markets showed a divergent picture as US markets reopened after the Thanksgiving Holiday. US Treasuries continued to outperform. A disappointing US PMI released earlier last week only reinforced Read more…

Daily Pivots: (S1) 1.0359; (P) 1.0394; (R1) 1.0433; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0481 is extending. As long as 1.0092 resistance turned support holds, further rally is expected. On the Read more…

Daily Pivots: (S1) 1.2060; (P) 1.2094; (R1) 1.2129; More… GBP/USD is losing some upside momentum as seen in 4 hour MACD. But further rally is expected as long as 1.1777 support holds. Next target is Read more…

Daily Pivots: (S1) 0.9422; (P) 0.9461; (R1) 0.9499; More… Intraday bias in USD/CHF remains neutral at this point. On the downside, firm break of 0.9355 will resume the decline from 1.0146 to 0.9287 fibonacci level. Read more…

Daily Pivots: (S1) 138.49; (P) 139.04; (R1) 139.71; More… Immediate focus is now on 137.66 support in USD/JPY. Firm break there will resume the decline from 151.93, as a correction to larger up trend, to Read more…

Daily Pivots: (S1) 0.6724; (P) 0.6752; (R1) 0.6784; More… Intraday bias in AUD/USD remains neutral for the moment. Outlook is unchanged too. Further rise is expected as long as 0.6521 resistance turned support holds. On Read more…

Massive anti-Covid protests in the biggest Chinese cities marked the weekend. Despite rising Covid cases and renewed Covid measures, thousands of Chinese citizens gathered to show their discontent with Xi Jinping’s Covid zero strategy, that Read more…

Market movers today We have no tier-1 data today but will get euro M3 growth, Norwegian retail sales and some Fed speakers tonight. This week focus turns to Euro Flash CPI for November on Wednesday, which will be important for Read more…

Daily Pivots: (S1) 1.3332; (P) 1.3366; (R1) 1.3414; More…. Intraday bias in USD/CAD stays neutral for the moment. On the upside, firm break of 1.3494 will indicate that correction from 1.3976 has completed at 1.3224, Read more…