Daily Pivots: (S1) 164.00; (P) 164.35; (R1) 164.75; More… Intraday bias in EUR/JPY remains neutral as consolidation from 165.33 is extending. But outlook stays bullish as long as 162.59 support holds. On the upside, firm Read more…
Daily Pivots: (S1) 0.8531; (P) 0.8555; (R1) 0.8569; More… Immediate focus is now on 0.8529 support in EUR/GBP with current decline. Decisive break there argue that the corrective recovery from 0.8497 has completed at 0.8601. Read more…
Daily Pivots: (S1) 1.6361; (P) 1.6440; (R1) 1.6484; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, below 1.6368 will resume the fall from 1.6742 towards 1.6127 low. Nevertheless, break of Read more…
Daily Pivots: (S1) 0.9732; (P) 0.9776; (R1) 0.9805; More… Intraday bias in EUR/CHF remains neutral as consolidation from 0.9847 is still extending. Near term outlook will remain bullish as long as 0.9709 support holds. Break Read more…
Markets The ECB laid the groundwork for a June rate cut yesterday and that was basically all there was to say about it. Lagarde revealed some wanted to cut rates already and reports afterwards wrote Read more…
Key insights from the week that was. In Australia, the latest update on Westpac-MI Consumer Sentiment was somewhat discouraging. February’s gain, initially viewed as a tentative sign of a recovery in confidence, has largely reversed Read more…
Short term Elliott Wave view in Silver (XAGUSD) suggests that cycle from 3.27.2024 low is ongoing as a 5 waves impulse. Up from 3.27.2024 low, wave (i) ended at 25.38 and pullback in wave (ii) Read more…
UK GDP grew 0.1% mom in February, matched expectations. Services grew by 0.1% mom. Production output grew 1.1% mom, and was the largest contributor to growth in the month. Construction output fell -1.9% mom. For Read more…
In focus today In the euro area, focus today is on final March inflation data for Germany, France, and Italy. The final data will allow us to estimate how much the timing of Easter impacted Read more…
Daily Pivots: (S1) 1.0697; (P) 1.0727; (R1) 1.0755; More… Intraday bias in EUR/USD stays on the downside for the moment. Decisive break of 1.0694/0723 support zone will resume whole fall from 1.1138. Next target is Read more…