The recent minor corrective pull-back of -4.7% from its 19 September 2023 high of US$93.05 is likely to have ended. Bullish reversal candlestick, a daily “Hammer” sighted after a retest on its upward-sloping 20-day moving Read more…
Markets Stock markets took center stage yesterday. The technical break in the EuroStoxx50 below the 4200 support zone on Monday got confirmed by another 0.9% drop on Tuesday. US indices didn’t escape reckoning this time. Read more…
Investors continue to dump stocks and buy US dollars on looming uncertainty regarding whether the US government will be shut in three days. There is progress regarding a 6-week short-term funding deal, but getting an Read more…
Market movers today Today focus will be on US durable goods orders and euro area M3 money supply growth. Consensus expects that durable goods orders fell 0.5% m/m in august and that euro area M3 Read more…
Daily Pivots: (S1) 1.3442; (P) 1.3467; (R1) 1.3480; More…. Intraday bias in USD/CAD remains neutral for the moment. Break of 1.3378 will resume the fall from 1.3693, as another leg in the corrective pattern from Read more…
Daily Pivots: (S1) 0.6380; (P) 0.6405; (R1) 0.6423; More… Range trading continues in AUD/USD and intraday bias stays neutral. Further decline is expected as long as 0.6520 resistance holds. Break of 0.6356 will resume larger Read more…
Daily Pivots: (S1) 1.0553; (P) 1.0581; (R1) 1.0600; More… EUR/USD’s fall from 1.1274 is still in progress and intraday bias remains on the downside. Next target is 1.0515 support. On the upside, above 1.0672 minor Read more…
Daily Pivots: (S1) 1.2134; (P) 1.2175; (R1) 1.2198; More… Intraday bias in GBP/USD remains on the downside as fall from 1.3141 is extending. Next target is 1.2075 fibonacci level. On the upside, above 1.2306 minor Read more…
Daily Pivots: (S1) 148.79; (P) 148.99; (R1) 149.27; More… USD/JPY’s rally is still in progress and intraday bias remains on the upside. Current rise from 127.20 should target to retest 151.93 high. On the downside, Read more…
Germany’s Gfk Consumer Sentiment for October fell from -25.6 to -26.5. In September, economic expectations rose from -6.2 to -3.4. Income expectations ticked up from -11.5 to -11.3. Propensity to buy rose slightly from -17.0 Read more…