WTI drops below diagonal line 20- and 200-day SMAs post death cross RSI flattens and Stochastics hold in oversold region WTI crude oil with delivery in July is plummeting from the 80.00 level, which is Read more…
Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… Intraday bias in GBP/JPY remains mildly on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% Read more…
Daily Pivots: (S1) 169.26; (P) 169.79; (R1)170.29; More… No change in EUR/JPY’s outlook. Further rise is mildly in favor despite loss of upside momentum. Rise from 164.01, as the second leg of the corrective pattern Read more…
Daily Pivots: (S1) 0.8502; (P) 0.8515; (R1) 0.8529; More… Further decline is still in favor with 0.8540 minor resistance intact. Firm break of 0.8491/7 support zone will confirm larger down trend resumption. Next target is Read more…
Daily Pivots: (S1) 1.6337; (P) 1.6359; (R1) 1.6394; More… Breach of 1.6381 resistance suggests short term bottoming at 1.6211. Intraday bias is back on the upside for recovery to 55 D EMA (now at 1.6411) Read more…
Daily Pivots: (S1) 0.9875; (P) 0.9896; (R1) 0.9909; More…. Intraday bias in EUR/CHF is turned neutral again as it retreated after edging higher to 0.9914. On the downside, break of 0.9876 minor support will turn Read more…
Gold price started a sharp decline from $2,450. Crude oil prices declined steadily below the $80.00 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed Read more…
The 10-year JGB yield has continued to push higher to 1% together with 3-month and 6-month overnight indexed swap (OIS) rates in Japan at 0.12% to 0.17% The JPY has failed to strengthen despite the Read more…
Markets Core bonds fell yesterday with German Bunds marginally underperforming US Treasuries. A solid European May services PMI (unchanged at 53.3) and an improving manufacturing one (47.4 from 45.7) coupled with record-matching Q1 wage negotiations Read more…
In focus today From the US, April durable goods orders and revised May Michigan consumer sentiment survey are due for release. The flash release showed consumers’ inflation expectations ticking notably higher, but the recent decline Read more…