Even though we saw some consolidation on Friday following a significant rally during the week, last week ended on a great note for the major US, European and Japanese stocks. Many major indices hit ATH Read more…
In focus today The Hungarian parliament is expected to vote to ratify Swedish NATO Membership. Early Tuesday we get Japanese inflation data for January. With Japan in technical recession, it will be interesting to see Read more…
This week’s Monetary Policy Statement could be the most contentious in a while. We think the OCR will remain unchanged and stay unchanged for 2024. The key issue is whether the RBNZ is considering a Read more…
Daily Pivots: (S1) 190.36; (P) 190.76; (R1) 191.11; More… Intraday bias in GBP/JPY is turned neutral with current retreat, and some consolidations would be seen first. Downside should be contained by 188.90 resistance turned support Read more…
Daily Pivots: (S1) 162.66; (P) 162.93; (R1) 163.18; More… Intraday bias in EUR/JPY remains neutral for the moment, and some more consolidations could be seen below 163.45. Downside of retreat should be contained by 55 Read more…
Daily Pivots: (S1) 0.8528; (P) 0.8540; (R1) 0.8552; More… Intraday bias in EUR/GBP remains mildly on the downside at this point. Recovery from 0.8497 could have completed at 0.8577. Further rally would be seen to Read more…
Daily Pivots: (S1) 1.6459; (P) 1.6486; (R1) 1.6513; More… Intraday bias in EUR/AUD remains neutral for the moment. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has Read more…
Daily Pivots: (S1) 0.9519; (P) 0.9532; (R1) 0.9547; More… Further rally is still expected in EUR/CHF with 0.9466 support intact. However, considering bearish divergence condition in 4H MACD, strong resistance could be seen from 0.9574 Read more…
Daily Pivots: (S1) 1.0809; (P) 1.0824; (R1) 1.0836; More… Intraday bias in EUR/USD remains neutral at this point. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will Read more…
Daily Pivots: (S1) 1.2647; (P) 1.2674; (R1) 1.2699; More… Intraday bias in GBP/USD stays neutral for the moment. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias Read more…