Cleared above 16,300 major range resistance in place since November 2021. Watch the 16,440 key short-term support. The price actions of the Germany 30 Index (a proxy for the DAX futures) have continued to surge Read more…
Australian GDP falls to 0.2% AUD/USD rebounds after two-day losing streak The Australian dollar has bounced back on Wednesday and snapped a two-day losing streak. In the European session, AUD/USD is trading at 0.6574, up Read more…
UK PMI Construction ticked down from 45.6 to 45.5 in November, remaining below the neutral 50 mark and underperforming against the expected 47.1. This level indicates continued contraction in the construction sector for the third Read more…
Market picture The crypto market made another leap forward on Tuesday afternoon after spending less than 24 hours in consolidation mode. In the last day, the total crypto cap reached $1.6 trillion, up 3.9% in Read more…
NZDUSD in the green today but sentiment mixed Key market events increase possibility of stronger moves Momentum indicators on the brink of giving bearish signals NZDUSD is edging higher today, reacting to the previous two Read more…
Daily Pivots: (S1) 0.9435; (P) 0.9452; (R1) 0.9465; More… Intraday bias in EUR/CHF remains on the downside despite some loss of downside momentum. Retest of 0.9407/16 support zone should be seen. Decisive break there will Read more…
Daily Pivots: (S1) 184.88; (P) 185.54; (R1) 186.01; More… GBP/JPY is still staying in range of 184.44/188.63 and intraday bias remains neutral first. As long as 184.44 support holds, further rally is expected. Decisive break Read more…
Daily Pivots: (S1) 158.41; (P) 159.07; (R1) 159.55; More.. Intraday bias in EUR/JPY remains on the downside at this point. Current fall from 164.29 should target 154.32 cluster support (38.2% retracement of 139.05 to 164.29 Read more…
Daily Pivots: (S1) 0.8563; (P) 0.8575; (R1) 0.8586; More…. Despite some loss of downside momentum, there is no sign of bottoming yet. Intraday bias stays on the downside. Fall from 0.8764 should target a retest Read more…
Daily Pivots: (S1) 1.6382; (P) 1.6449; (R1) 1.6548; More… Intraday bias in EUR/AUD remains neutral at this point as consolidations from 1.6267 is extending. Outlook stays bearish as long as 1.6844 resistance holds. On the Read more…