GBPUSD reverses lower after 50-day SMA curbs advance Violates both the 200-day SMA and descending trendline Momentum indicators are neutral-to-negative GBPUSD had been in a recovery mode following its bounce off the five-month bottom of 1.2298, with Read more…
Gold retains sideways move in 4-hour chart MACD and RSI look weak Gold prices are holding near the 50-period simple moving average (SMA) and the mid-level of the Bollinger band, trading within a sideways channel Read more…
Daily Pivots: (S1) 192.94; (P) 193.54; (R1) 194.08; More.. Intraday bias in GBP/JPY stays neutral for the moment. On the upside, sustained break of 55 4H EMA (now at 193.86) will bring stronger rebound back Read more…
Daily Pivots: (S1) 165.82; (P) 166.19; (R1) 166.73; More… EUR/JPY’s break of 55 4H EMA (now at 166.14) suggests that pull back from 171.58 has completed at 164.01 already. Rebound from there is seen as Read more…
Daily Pivots: (S1) 0.8575; (P) 0.8587; (R1) 0.8611; More… EUR/GBP’s break of 0.8582 resistance suggests that fall from 0.8643 has completed at 0.8529. Intraday bias is back on the upside for 0.8643 resistance. Firm break Read more…
Daily Pivots: (S1) 1.6235; (P) 1.6283; (R1) 1.6348; More… Intraday bias in EUR/AUD remains neutral for the moment, and some more consolidations could be seen above 1.6216. Further decline is expected as long as 1.6494 Read more…
Daily Pivots: (S1) 0.9747; (P) 0.9763; (R1) 0.9786; More… Intraday bias in EUR/CHF remains neutral for the moment. Outlook is unchanged that fall from 0.9835 is seen as the third leg of the corrective pattern Read more…
Yesterday was one of those days where we needed to fit a narrative to the market moves as the moves weren’t triggered by meaningful data or comments. The US 2-year yield was steady near the Read more…
In focus for the rest of the week Today, the main event in the Nordics is the Riksbank monetary policy decision, due at 09.30 CET. Money market pricing implies c. 80% probability of a cut Read more…
Markets US trading hours were only a little more entertaining than dull European ones yesterday. Minneapolis Fed Kashkari (non-voter this year) gave us some flavor on how a slightly more hawkish shift at last week’s Read more…