Daily Pivots: (S1) 0.8738; (P) 0.8752; (R1) 0.8761; More…. Further rally is expected in EUR/GBP as long as 0.8648 support holds. Current rise from 0.8491 should target 61.8% projection of 0.8491 to 0.8752 from 0.8648 Read more…
Daily Pivots: (S1) 1.6630; (P) 1.6702; (R1) 1.6759; More… Range trading continues in EUR/AUD and intraday bias stays neutral. On the upside, sustained break of 1.6843/4 will resume the rebound from 1.6319 for retesting 1.7062 Read more…
Daily Pivots: (S1) 0.9660; (P) 0.9672; (R1) 0.9695; More… Intraday bias in EUR/CHF is back on the upside with break of 0.9678 resistance. Rise from 0.9416 is now resuming. Decisive break to 0.9891 will carry Read more…
Markets The US Treasury’s $16bn 20-yr Bond auction stopped a full bp though the 1:00 PM bid side and provided a new boost to the Treasury rally. Especially after the lackluster 30-yr Bond sale earlier Read more…
Spot Gold (XAU/USD) minor corrective pull-back of -3.8% from the 27 October 2023 high to 13 November 2023 low may have ended. Potential start of another multi-week bullish up move for Spot Gold (XAU/USD). A Read more…
Rally from 9.28.2022 low is currently in progress as a 5 waves Elliott Wave impulse structure. Up from 9.28.2022 low, wave (1) ended at 2081.82 and pullback in wave (2) ended at 1810.58. The metal Read more…
The US bonds extended their rally after a relatively strong US 20-year bond auction. The US 20-year yield tanked to 4.70% from 5.40% back in October. The US 10-year yield slipped below 4.40%, while the Read more…
Market movers today Today we have only tier-2 data. US existing home sales are expected to fall a bit further from an already low level as high mortgage rates weigh on housing demand. Tonight FOMC Read more…
Daily Pivots: (S1) 1.0908; (P) 1.0930; (R1) 1.0962; More… EUR/USD’s rally from 1.0447 is in progress and intraday bias stays on the upside. Sustained break of 61.8% retracement of 1.1274 to 1.0447 at 1.0958 will Read more…
Daily Pivots: (S1) 147.68; (P) 148.83; (R1) 149.55; More… Intraday bias in USD/JPY remains on the downside at this point. Current fall from 151.89 should target medium term channel support at 146.00 next. On the Read more…