Daily Pivots: (S1) 0.8831; (P) 0.8851; (R1) 0.8882; More… USD/CHF is staying in consolidation above 0.8776 and intraday bias remains neutral. Further decline is expected as long as 0.8923 resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 1.2816; (P) 1.2852; (R1) 1.2898; More… Intraday bias in GBP/USD stays on the downside as fall from 1.3043 is in progress. Decisive break of 55 D EMA (now at 1.2779) will suggest Read more…
Markets German Bunds outperformed US Treasuries at the calm start of what is going to be busy week. Yields in the country dipped between 2.9 (2-yr) and 5.3 bps (30-yr), continuing the recent yield correction. Read more…
The week kicked off on a mixed note. Equities in Europe fell, the major US indices were near flat, slightly positive for the S&P500 and Nasdaq, and slightly negative for the Dow Jones, as technology Read more…
Daily Pivots: (S1) 1.0793; (P) 1.0831; (R1) 1.0860; More….. Intraday bias in EUR/USD remains on the downside for the moment. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from Read more…
Dollar remains firm against European majors in relatively quiet trading today. Despite slightly better-than-expected GDP data from France, Euro has not gained significant support. While today’s Eurozone GDP and tomorrow’s CPI flash are important, they Read more…
France’s GDP grew by 0.3% qoq in Q2, surpassing the expected 0.2% growth. This positive performance was driven by a slight rebound in gross fixed capital formation , which increased by 0.1% after a decline Read more…
Short Term Elliott Wave View in E-Mini Dow Jones Futures (YM) suggests the trend should continue higher within the sequence started from April-2024 low as the part of daily sequence. It favors upside in wave Read more…
Japan’s unemployment rate fell to 2.5% in June, down from 2.6%, outperforming expectations of being unchanged at 2.6%. The number of employed persons reached 68.22mmarking an increase of 370k compared to the same month last Read more…
The pressure is on Mister Softee, otherwise known as Microsoft (MSFT) , when the software giant reports earnings after Tuesday’s market close. The reason: Investors are starting to ask a question basic to any company spending millions — or, Read more…