Daily Pivots: (S1) 158.70; (P) 159.11; (R1) 159.78; More… Intraday bias in GBP/JPY stays neutral and outlook is unchanged. On the downside, break of 155.33 low will resume the fall form 172.11 to 153.70 fibonacci Read more…
Daily Pivots: (S1) 0.9875; (P) 0.9891; (R1) 0.9920; More…. No change in EUR/CHF’s outlook as consolidation from 1.0095 is still in progress. Deeper fall cannot be ruled out but downside should be contained by 38.2% Read more…
Markets The unexpected slowing in German inflation, however difficult the numbers are to interpret, determined much of the trading session yesterday. European rates fell with German bund yields printing losses between 2.5 bps (2y) to Read more…
The DAX index advanced to a fresh year high on Thursday as a 7% rally in Siemens after strong results, and a slowdown in German inflation fueled appetite in the German big caps. The Frech Read more…
The Euro started a fresh decline from the 1.0800 zone against the US Dollar. The EUR/USD pair traded below the 1.0765 level to move into a bearish zone. The pair even traded below the 1.0750 Read more…
Daily Pivots: (S1) 1.3398; (P) 1.3430; (R1) 1.3488; More…. Outlook is USD/CAD is unchanged and intraday bias remains neutral at this point. While the choppy fall from 1.3704 might still extend lower, strong support is Read more…
Daily Pivots: (S1) 0.6900; (P) 0.6955; (R1) 0.6992; More… AUD/USD breached 4 hour 55 EMA but quickly retreated. Intraday bias remains neutral first. On the downside, break of 0.6854 will resume the corrective decline from Read more…
Daily Pivots: (S1) 130.63; (P) 131.23; (R1) 132.12; More… USD/JPY recovered after just brief breach of 4 hour 55 EMA and intraday bias is turned neutral first. On the downside, below 130.33 will bring deeper Read more…
Daily Pivots: (S1) 0.9179; (P) 0.9204; (R1) 0.9247; More… Range trading continues in USD/CHF and intraday bias remains neutral. On the upside, firm break of 0.92879 resistance will confirm short term bottoming at 0.9058, and Read more…
Daily Pivots: (S1) 1.0702; (P) 1.0746; (R1) 1.0783; More… EUR/USD is staying in consolidation above 1.0668 temporary low and intraday bias stays neutral. On the downside, break of 1.0668 will resume the correction from 1.1032 Read more…