The Euro started a steady increase above the 1.0300 and 1.0320 resistance levels against the US Dollar. The EUR/USD pair gained pace above the 1.0380 level to move into a positive zone. It tested the Read more…
Short term Elliott Wave View in GBPUSD suggests that the cycle from 11.4.2022 low is unfolding as a zigzag Elliott Wave structure. Up from 11.4.2022 low, wave ((a)) ended at 1.2029. Pullback in wave ((b)) Read more…
USDCAD has been in an uptrend since March, storming to a fresh 29-month high of 1.3976 before experiencing a significant downside correction. Even though the pair managed to erase part of the recent pullback, it has Read more…
Markets Yesterday’s session was a short one with the US absent for Thanksgiving. European stock markets closed with gains between 0.4-0.8%. European/German bonds advanced in a catch-up move with a late-session UST rally the day Read more…
Markets were quiet yesterday, as the US was closed for Thanksgiving. European markets mostly surfed on the positive reaction from the US equities to the Federal Reserve (Fed) minutes released a day earlier. The latest Read more…
Market movers today No major data releases are scheduled for today, but Swedish October PPI and German consumer confidence are due for release. It is a quiet day on the central bank front as well, Riksbank’s Floden will Read more…
Daily Pivots: (S1) 137.92; (P) 138.78; (R1) 139.51; More… Focus stays on 137.66 support in USD/JPY. Firm break there will resume the whole fall from 151.93, as a correction to the larger up trend. Next Read more…
Daily Pivots: (S1) 0.9398; (P) 0.9422; (R1) 0.9456; More… Intraday bias in USD/CHF is turned neutral first as it lost downside momentum ahead of 0.9355 support. On the downside, firm break of 0.9355 will resume Read more…
Daily Pivots: (S1) 1.2057; (P) 1.2105; (R1) 1.2164; More… GBP/USD’s rise from 1.0351 is in progress and intraday bias remains on the upside. Next target is 100% projection of 1.0351 to 1.1494 from 1.1145 at Read more…
Daily Pivots: (S1) 1.0380; (P) 1.0414; (R1) 1.0447; More… EUR/USD is still bounded in range below 1.0481 and intraday bias stays neutral. As long as 1.0092 resistance turned support holds, further rally is expected. On Read more…