Gold prices climbed to 2368 USD per troy ounce on Thursday, continuing the upward momentum for the second session. This surge comes as market expectations adjust to the likelihood of future interest rate cuts by Read more…
German 40 index strives to exit bearish formation before a widely expected rate cut Short-term risk skewed to the upside, but confirmation signal could come above 18,672 The German 40 index started Thursday’s session on Read more…
EURGBP edges higher today ahead of crucial ECB meeting Strong downside pressure in place despite UK elections being in the spotlight Momentum indicators are mostly mixed at this juncture EURGBP is trading higher today, a Read more…
The Euro edged higher on Thursday morning and partially reversed a two-day pullback from new multi-week high (1.0915), but today’s action was so far choppy and lacking direction, as traders await the verdict from the Read more…
Daily Pivots: (S1) 198.08; (P) 198.92; (R1) 200.48; More…. Intraday bias in GBP/JPY remains neutral for the moment. Current development suggests that rise from 191.34 has completed at 200.72 after rejection by 200.53. On the Read more…
Daily Pivots: (S1) 168.69; (P) 169.36; (R1) 170.35; More…. Intraday bias in EUR/JPY remains neutral for the moment. Current development suggests that rebound from 164.31 has completed at 170.81. Risk will now stay on the Read more…
Daily Pivots: (S1) 0.8492; (P) 0.8507; (R1) 0.8515; More…. Intraday bias in EUR/GBP remains neutral and outlook is unchanged. Further decline is expected as long as 55 D EMA (now at 0.8547) holds. Decisive break Read more…
Daily Pivots: (S1) 1.6317; (P) 1.6356; (R1) 1.6391; More…. Intraday bias in EUR/AUD remains neutral as sideway trading continues. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as Read more…
Daily Pivots: (S1) 0.9687; (P) 0.9704; (R1) 0.9729; More…. Intraday bias in EUR/CHF is turned neutral with 4H MACD crossed above signal line. Strong support is still expected from 38.2% retracement of 0.9252 to 0.9928 Read more…
Markets Make it five. Five consecutive days of rallying US Treasuries on the (consequences of) the same theme: fading growth momentum and what it might mean to the Fed. At the front end of the Read more…