NZUSD hovers above a key support area Aggressive downward move from late December 2023 peak Momentum indicators are mostly mixed at this juncture NZDUSD is in the green today, but it continues to range trade. Read more…
EUR/USD started another decline from the 1.0915 resistance. USD/JPY surged and broke the 148.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today · The Euro started a fresh decline below the 1.0880 support Read more…
Markets Core bonds drifted south yesterday in the run-up to this week’s big events, starting with January PMI surveys today. Daily changes on the US yield curve ranged between -2.1 bps (2-yr) and 4.3 bps Read more…
Daily Pivots: (S1) 187.42; (P) 188.17; (R1) 188.99; More… Intraday bias in GBP/JPY stays neutral as consolidation continues. Further rally is expected as long as 186.14 resistance turned support holds. On the upside, break of Read more…
Daily Pivots: (S1) 160.41; (P) 161.06; (R1) 161.70; More… EUR/JPY’s consolidation from 161.84 is still in progress and intraday bias remains neutral. Further rally is expected as long as 158.55 resistance turned support holds. On Read more…
Daily Pivots: (S1) 0.8545; (P) 0.8557; (R1) 0.8566; More… Intraday bias in EUR/GBP remains on the downside for the moment. Current fall from 0.8713 is part of the larger down trend. Deeper decline should be Read more…
Daily Pivots: (S1) 1.6455; (P) 1.6514; (R1) 1.6555; More… EUR/AUD’s consolidation from 1.6671 is in progress and intraday bias stays neutral. Rise from 1.6127 is expected to continue as long as 1.6398 support holds. Corrective Read more…
Daily Pivots: (S1) 0.9434; (P) 0.9449; (R1) 0.9460; More… EUR/CHF’s consolidation from 0.9471 is in progress and intraday bias stays neutral for the moment. Further rally is expected as long as 0.9404 minor support holds. Read more…
Netflix jumped 8% in the afterhours trading as its revenue and new subscriptions topped estimates. More than 13 mio people decided that Netflix was worth paying for, and the number of total paid subscribers rose Read more…
In focus today Today, we will get January PMIs for both the euro area and the US. They will be the first indicator on how the major economies performed at the beginning of 2024. In Read more…