Daily Pivots: (S1) 169.04; (P) 169.47; (R1) 169.98; More… Intraday bias in EUR/JPY stays neutral first. On the upside break of 170.12 resistance will argue that pull back from 170.87 has completed at167.52, after drawing Read more…
Daily Pivots: (S1) 200.14; (P) 200.49; (R1) 200.97; More… GBP/JPY is extending the consolidations below 201.59 and intraday bias stays neutral. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence Read more…
Daily Pivots: (S1) 1.3699; (P) 1.3728; (R1) 1.3747; More… No change in USD/CAD’s outlook as range trading continues. Intraday bias remains neutral for the moment. Corrective fall from 1.3845 should have completed already. Further rally Read more…
Daily Pivots: (S1) 0.6619; (P) 0.6639; (R1) 0.6676; More… Range trading continues in AUD/USD and intraday bias remains neutral. Further rally remains in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at Read more…
Daily Pivots: (S1) 157.50; (P) 157.87; (R1) 158.21; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Further rally would be in favor as long as 154.53 support holds. Break of 158.25 will Read more…
Daily Pivots: (S1) 0.8809; (P) 0.8860; (R1) 0.8892; More…. Intraday bias in USD/CHF stays on the downside for the moment. Rise from 0.8332 could have completed at 0.9223, ahead of 0.9243 key resistance. Further decline Read more…
Daily Pivots: (S1) 1.0713; (P) 1.0737; (R1) 1.0765; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. More consolidations could be seen but further fall is expected as long as 55 4H EMA Read more…
Markets Market focus shifted back to the US yesterday. After last week’s softer than expected price data, US retail sales for the second consecutive month suggested that consumer demand might be slowing. It could point Read more…
Nvidia finally stole the title of the world’s most valuable company from Microsoft and Apple yesterday following a beautiful 3.5% rally that propelled the share price past $135 a share. The catalyst was just a Read more…
In focus today In the euro area, the EU commission will reveal against which countries it recommends opening an excessive deficit procedure (EDF) due to breaches of the EU fiscal rules. The Commission will most Read more…