The price of the Nikkei 225 index is fixed above the level of 37,000 points. The last time this happened was after the index reached its all-time high in 1989. The bullish behavior of the Read more…
EURCHF trades higher, tests key resistance trendline Strong upmove in place since late January Momentum indicators support the current upleg EURCHF is trying to record its eighth consecutive green candle since the January 31 trough. Read more…
Gold trades sideways in the past week Closes profoundly below the 50-day SMA on Friday Momentum indicators turn negative Gold has been rangebound in the past few trading sessions, following its rejection at the 2,065 mark on Read more…
EUR/USD: Dollar Dips but Promises a Rebound Last week saw a scarcity of significant macroeconomic data. In anticipation of new drivers, market participants analysed the state of the US labour market and statements from Federal Read more…
Markets Except for the (strong) US services ISM on Monday last week’s eco calendar was light. Friday’s US CPI revision in this respect didn’t change the picture. US auctions (3-y, 10-Y, 30-y) all met solid Read more…
Last Friday’s inflation revisions in the US were insignificant and hinted that inflation in the US was about the same by the end of last year. Consumer prices rose 3.3% in the final 3 months Read more…
In focus today Today is a quiet day on the data front. Market focus will be on the string of Fed/ECB speakers making public remarks. In Denmark, CPI inflation is released for January. We expect Read more…
Daily Pivots: (S1) 188.21; (P) 188.54; (R1) 188.84; More… Intraday bias in GBP/JPY remains on the upside at this point. Decisive break of 188.90 resistance will confirm larger up trend resumption. Next near term target Read more…
Daily Pivots: (S1) 160.76; (P) 161.01; (R1) 161.25; More… Intraday bias in EUR/JPY remains on the upside for 161.84 resistance. Firm break there will rebound whole rise from 153.15 to retest 161.84. For now, further Read more…
Daily Pivots: (S1) 0.8532; (P) 0.8540; (R1) 0.8548; More… Range trading continues in EUR/GBP and intraday bias remains neutral at this point. While another recovery cannot be ruled out, outlook will stay bearish as long Read more…