Equity markets are largely moving lower on Tuesday, reversing part of Monday’s gains in what remains quite choppy trade. Earnings season will continue to dominate and so far, there isn’t really anything positive to take Read more…
The US 100 cash index is flirting with the long-term downtrend line, taken from the peak in March 2022 and the 200-day SMA around 11,970. The index has been consolidating within a sideways channel with Read more…
Daily Pivots: (S1) 1.2319; (P) 1.2384; (R1) 1.2443; More… Intraday bias in GBP/USD remains neutral despite today’s decline. On the downside, firm break of 1.2252 minor support will turn bias to the downside, and extend Read more…
Daily Pivots: (S1) 1.0837; (P) 1.0882; (R1) 1.0917; More… No change in EUR/USD’s outlook and further rise is expected with 1.0765 support intact. Current rise from 0.9534 should target 61.8% projection of 0.9630 to 1.0733 Read more…
Daily Pivots: (S1) 0.9152; (P) 0.9193; (R1) 0.9245; More… Intraday bias in USD/CHF is staying neutral at this point. On the downside, sustained break of 61.8% projection of 1.0146 to 0.9355 from 0.9545 at 0.9056 Read more…
Daily Pivots: (S1) 129.53; (P) 130.21; (R1) 131.37; More… Intraday bias in USD/JPY remains neutral as sideway trading continues. On the downside, break of 127.20 will resume the whole decline from 151.93 and target 121.43 Read more…
Daily Pivots: (S1) 160.83; (P) 161.32; (R1) 162.27; More… Intraday bias in GBP/JPY is turned neutral as it failed to break through 55 day EMA (now at 162.09) again. On the downside, break of 155.33 Read more…
Wall Street will digest a slate of bluechip earnings Tuesday while prepping for a key December update from Microsoft after the closing bell. U.S. equity futures edged lower Tuesday, while the dollar held gains against Read more…
Sterling falls broadly today and poor PMI data indicates that recession is continuing in the UK. Comparatively, Eurozone PMIs argue that it might have escaped recession. For now, the Pound is the worst performer for Read more…
Daily Pivots: (S1) 0.8752; (P) 0.8784; (R1) 0.8813; More… EUR/GBP’s rebound from 0.8270 resumed after brief consolidations. Intraday bias is back on the upside for retesting 0.8896 resistance. Firm break there will resume whole rise Read more…