Check back for updates throughout the trading day U.S. equity futures were mixed in early Thursday trading, with Treasury yields holding steady, as investors reacted to big changes in the Federal Reserve’s interest rate forecasts Read more…
Eurozone industrial production fell -0.1% mom in April, worse than expectation of 0.1% mom growth. Industrial production, decreased by -0.4% for intermediate goods. Production increased by by 0.4% for energy, 0.7% for capital goods, 0.3% Read more…
EURUSD is consolidating within a narrow range on Thursday morning, following strong rally on Wednesday (up 0.65%), but remains constructive despite Wednesday’s upside rejection and a bull-trap above converged 10/20DMA’s. The single currency rallied on Read more…
Market Picture The cryptocurrency market failed to get on the growth rails, losing 0.7% in 24 hours to $2.44 trillion, near end-of-day levels on Wednesday. The positive effect of the soft inflation report was erased Read more…
In this technical article we’re going to take a quick look at the Elliott Wave charts of AUDUSD Forex pair , published in members area of the website. As our members know, AUDUSD has recently Read more…
ECB Governing Council member Bostjan Vasle has hinted at the possibility of further rate cuts this year, provided the baseline scenario holds and economic data supports such a move. Speaking to Finance newspaper, Vasle said, Read more…
Daily Pivots: (S1) 0.8425; (P) 0.8439; (R1) 0.8459; More… Intraday bias in EUR/GBP is turned neutral with current recovery, and some consolidations would be seen first. Further decline is expected as long as 0.8482 support Read more…
Daily Pivots: (S1) 1.6167; (P) 1.6231; (R1) 1.6286; More… EUR/AUD recovered after dipping to 1.6173 and intraday bias is turned neutral first. But outlook will stay bearish as long as 1.6418 resistance holds. Break of Read more…
Daily Pivots: (S1) 168.84; (P) 169.22; (R1) 169.78; More… Intraday bias in EUR/JPY remains neutral for the moment. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has completed Read more…
Daily Pivots: (S1) 199.96; (P) 200.46; (R1) 201.08; More… Intraday bias in GBP/JPY is back on the upside as up trend resumes. Next target is 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. Read more…