As the chart shows, the price of WTI oil has dropped below USD 77.50 – the last time prices were this high was in mid-July. The decline in oil prices was contributed to by: first, Read more…
ECB Governing Council member Martins Kazaks has expressed a steadfast stance on interest rates, emphasizing the need for absolute certainty that inflation is under control before considering any reductions. Kazaks highlighted, “This decision right now Read more…
Daily Pivots: (S1) 184.63; (P) 185.05; (R1) 185.44; More… A temporary top is in place at 185.94 and intraday bias in GBP/JPY is turned neutral first. Further rally is expected as long as 182.71 support Read more…
Daily Pivots: (S1) 160.58; (P) 160.81; (R1) 161.18; More…. Despite some loss of upside momentum as seen in 4H MACD, intraday bias in EUR/JPY remains on the upside with 160.17 minor support intact. Current rally Read more…
Daily Pivots: (S1) 0.8683; (P) 0.8694; (R1) 0.8709; More…. Intraday bias in EUR/GBP remains neutral at this point. Pull back from 0.8752 could still extend lower, but downside should be contained by 0.8614 support to Read more…
Daily Pivots: (S1) 1.6512; (P) 1.6589; (R1) 1.6700; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, break of 1.6449 will target 1.6319 support first. Firm break there will resume the Read more…
Daily Pivots: (S1) 0.9612; (P) 0.9630; (R1) 0.9650; More… Intraday bias in EUR/CHF is turned neutral first with current retreat. Further rally is in favor as long as 0.9564 minor support holds. Above 0.9651 will Read more…
Daily Pivots: (S1) 1.0668; (P) 1.0696; (R1) 1.0727; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further rally is in favor as long as 55 4H EMA (now at 1.0646) holds. Decisive Read more…
Daily Pivots: (S1) 1.2258; (P) 1.2305; (R1) 1.2348; More Intraday bias in GBP/USD stays neutral at this point. Further rise is in favor as as long as 4H 55 EMA (now at 1.2239) holds. Decisive Read more…
Daily Pivots: (S1) 0.8967; (P) 0.8982; (R1) 0.9010; More…. USD/CHF is staying in range above 0.8952 temporary low and intraday bias remains neutral. On the downside, below 0.8952 will target a test on 0.8886 support Read more…