Month: September 2023

EURCHF surged 0.8% in immediate reaction to decision of the Swiss National Bank to pause its current cycle of interest rate hikes. In the policy meeting held today, the SNB kept its interest rate unchanged Read more…

The US 100 index is edging lower today, testing the support of the 100-day SMA Bears are trying to recover part of their significant losses since the March 2023 lows The pullback could continue according Read more…

The policy of OPEC+ countries to voluntarily reduce oil production was one of the drivers thanks to which the price of WTI oil increased by approximately 40% from its low in June. In such cases, Read more…

Yesterday, the main event of the week took place — the Federal Reserve meeting, which had a noticeable impact on the market of assets denominated in US dollars. But besides the Fed meeting, there are Read more…

Daily Pivots: (S1) 0.9572; (P) 0.9588; (R1) 0.9597; More… EUR/CHF’s strong rally today and break of 0.9646 resistance confirms short term bottoming at 0.9513. Considering bullish convergence conditiom in D MACD, the down trend from Read more…

Daily Pivots: (S1) 0.8615; (P) 0.8637; (R1) 0.8659; More…. EUR/GBP’s rise from 0.8491 is continuing today and intraday bias stays on the upside. As noted before, this rise is seen as the third leg of Read more…

Daily Pivots: (S1) 1.6487; (P) 1.6526; (R1) 1.6572; More… EUR/AUD is extending the consolidation from 1.6452 and intraday bias remains neutral. Further decline is expected with 1.6793 resistance intact. Fall from 1.7062 is seen as Read more…

Daily Pivots: (S1) 157.80; (P) 158.12; (R1) 158.48; More…. No change in EUR/JPY’s outlook as range trading continues. Intraday bias stays neutral. Risk will be mildly on the downside as long as 158.64 resistance holds. Read more…

Daily Pivots: (S1) 182.62; (P) 182.98; (R1) 183.50; More… GBP/JPY’s fall from 186.75 is in progress and intraday bias stays on the downside. Sustained trading below 55 D EMA (now at 182.49) will argue that Read more…