Month: December 2023

US 30 index in the red after recording a new 22-month high Aggressive move higher from the October lows Some early signs of rally exhaustion from the momentum indicators The US 30 cash index is Read more…

Daily Pivots: (S1) 185.18; (P) 185.87; (R1) 186.68; More… Intraday bias in GBP/JPY remains neutral at this point. Price actions from 188.63 short term top is seen as a near term consolidation pattern for now. Read more…

Daily Pivots: (S1) 158.88; (P) 159.36; (R1) 160.02; More…. EUR/JPY’s fall from 164.29 is in progress and intraday bias stays on the downside. Sustained break of 161.8% projection of 164.29 to 161.22 from 163.70 at Read more…

Daily Pivots: (S1) 0.8564; (P) 0.8574; (R1) 0.8589; More…. Intraday bias in EUR/GBP remains on the downside for the moment. As noted before, rebound from 0.8491 should have completed as a corrective move at 0.8764. Read more…

Daily Pivots: (S1) 1.6300; (P) 1.6339; (R1) 1.6410; More… Intraday bias in EUR/AUD is turned neutral first with break of 1.6449 support turned resistance. Some consolidations should be seen first, but another fall is expected. Read more…

Daily Pivots: (S1) 0.9429; (P) 0.9467; (R1) 0.9497; More… Intraday bias in EUR/CHF stays on the downside for retesting 0.9407/16 support zone. Decisive break there will resume larger down trend. On the upside, touching 0.9504 Read more…

EURUSD holds in trading range in weekly chart 50-week SMA acts as strong support RSI and stochastic suggest more losses As the year is coming to an end, EURUSD’s market price is holding slightly higher Read more…

In an interview with Reuters, ECB Executive Board member Isabel Schnabel remarked that the slowdown to 2.4% in Eurozone’s November flash CPI a “very pleasant surprise.” More importantly, that made “further rate increase rather unlikely”. Read more…