Markets Friday’s bearish engulfing pattern at record levels for the S&P 500 and Nasdaq (potential short term trend reversal) met with some more weakness in futures trading and at the opening bell, but follow-up losses Read more…
In February, UK payrolled employment rose 20k or 0.1% mom. Median monthly pay increased by 5.5% yoy. Annual growth in median pay was highest in the other service activities sector, with an increase of 7.4% Read more…
The week started with limited appetite in US stock and a fresh record for Bitcoin. Major US indices were flat on Monday’s trading session. The S&P 500 slid 0.11% as sentiment in technology stocks was Read more…
In focus today The most important release of the day will be the US February CPI. We look for both headline and core CPI to come out at +0.3% m/m SA, slightly below consensus forecast. Read more…
Daily Pivots: (S1) 188.45; (P) 189.08; (R1) 189.78; More….. GBP/JPY recovered after dipping to 187.94 and intraday bias remains neutral. On the downside, below 187.94 will resume the decline from 191.29 to 38.2% retracement of Read more…
Daily Pivots: (S1) 160.19; (P) 160.59; (R1) 160.96; More… Intraday bias in EUR/JPY is turned neutral again with current recovery. On the downside, below 160.20 will resume the fall from 163.70 to 38.2% retracement of Read more…
Daily Pivots: (S1) 0.8510; (P) 0.8522; (R1) 0.8540; More… No change in EUR/GBP’s outlook as range trading continues. Intraday bias stays neutral for the moment. On the downside decisive break of 0.8491/7 support zone will Read more…
Daily Pivots: (S1) 1.6491; (P) 1.6528; (R1) 1.6558; More… Range trading continues in EUR/AUD and intraday bias remains neutral. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has Read more…
Daily Pivots: (S1) 0.9575; (P) 0.9589; (R1) 0.9602; More… EUR/CHF’s consolidation continues below 0.9630 temporary top and intraday bias remains neutral. As long as 0.9510 support holds, further rally is still expected. On the upside, Read more…
GBPJPY has ended a cycle from 14.12.2023 low. Up from 14.12.2024 low, wave (1) ended at 191.32 and pullback in wave (2) is in progress. The pair resumes lower in wave ((i)) with internal subdivision Read more…