Daily Pivots: (S1) 198.59; (P) 199.20; (R1) 200.01; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 197.28 will strengthen the case that rise from 191.34 has completed. Intraday Read more…
Investors will begin the week in a state of uncertainty regarding the outlook of Europe’s political landscape. The four-day European Parliament elections concluded on Sunday. According to Reuters, the results showed a significant gain for Read more…
Gold (XAU/USD) plummeted below its 20-day & 50-day moving averages, and recorded a daily loss of 3.45% last Friday, 7 June; its worst daily performance since November 2020. The main negative catalyst has been a Read more…
Daily Pivots: (S1) 1.3696; (P) 1.3732; (R1) 1.3801; More… USD/CAD’s break of 1.3742 resistance revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias is back on the upside for retesting 1.3845 Read more…
Daily Pivots: (S1) 0.6546; (P) 0.6613; (R1) 0.6648; More… AUD/USD is still holding on to 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) despite current deep pull back. Intraday bias remains neutral Read more…
Daily Pivots: (S1) 155.57; (P) 156.33; (R1) 157.52; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, break of 157.70 will resume the whole rise from 151.86 and target 160.20 high. Read more…
Daily Pivots: (S1) 0.8906; (P) 0.8940; (R1) 0.8998; More…. Intraday bias in USD/CHF stays neutral at tis point. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has Read more…
Daily Pivots: (S1) 1.2688; (P) 1.2750; (R1) 1.2784; More… Intraday bias in GBP/USD remains neutral for the moment. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to Read more…
USDCHF is coming higher this year, after breaking some important trendline connected from 2022 highs on a daily chart, where a breakout would lead to higher prices within big triangle range. Looking at the 4-hour Read more…
Markets The US market needle again points in the direction of a December rather than a September (50% probability from 85%) Fed policy rate cut after Friday’s consensus-beating payrolls. 272k net job growth and accelerating Read more…