Daily Pivots: (S1) 1.0468; (P) 1.0523; (R1) 1.0558; More… Intraday bias in EUR/USD stays on the downside at this point, as fall from 1.1274 is in progress. Break of the near term falling channel indicates Read more…
Markets An eerie calm over bond markets yesterday ended abruptly. Yields suddenly shot up, erasing the few basis points they lost up until that moment. Moves in the US ranged between +4.4 and +8.3 bps Read more…
The selloff in bonds continues on US government drama. The sell-off in US 10-year papers accelerated yesterday and the 10-year yield spiked to 2.64%. The 2-year yield however, which captures the expectations on Federal Reserve Read more…
Market movers today In the euro area, we receive inflation data from Spain and Germany which will give some clues ahead of the aggregate euro area inflation print tomorrow.In the US, Powell hosts a town Read more…
Daily Pivots: (S1) 0.9162; (P) 0.9193; (R1) 0.9245; More…. USD/CHF’s rally continues and hit as high as 0.9224. Intraday bias stays on the upside for 0.9439 resistance next. On the downside, below 0.9152 minor support Read more…
Dollar’s strength remains unabated, particularly against its European counterparts and Yen. The greenback rose alongside 10-year yield, which soared past the 4.6% mark overnight, a level unseen in over 15 years. The surging global treasury Read more…
Short term Elliott Wave view suggests the USDJPY is trading to the upside in a wave 3 following an impulse structure. Up from wave 2 at 9.11.2023 low, wave ((i)) ended at 148.46 as a Read more…
DXY: The DXY chart currently exhibits a bullish momentum, with a potential short-term drop to the 1st support at 105.83, identified as a pullback support, before potentially rising towards the 1st resistance. The 2nd support Read more…
Oil prices saw a sharp ascent overnight, extending their gains into Asian trading session today and marking their highest point in over a year. With technical indicators pointing to a potential acceleration, WTI oil is Read more…
Key Highlights NZD/USD is attempting a recovery wave above the 0.5920 level. A major bearish trend line is forming with resistance near 0.5950 on the 4-hour chart. EUR/USD is accelerating lower toward the 1.0500 level. Read more…