Daily Pivots: (S1) 202.84; (P) 203.22; (R1) 203.86; More… GBP/JPY’s rally continues today and intraday bias stays on the upside. Next target is 100% projection of 191.34 to 200.72 from 197.18 at 206.56 next. On Read more…
Markets Core bonds sold off into the final trading hours last Friday. We didn’t spot an obvious reason underpinning the move. Economic data (US PCE deflators, national inflation figures of certain EU member states) printed Read more…
Daily Pivots: (S1) 1.3644; (P) 1.3690; (R1) 1.3724; More… Intraday bias in USD/CAD remains neutral for the moment. Consolidation from 1.3845 could extend further. While deeper fall could be seen, downside should be contained by Read more…
Daily Pivots: (S1) 0.6632; (P) 0.6658; (R1) 0.6697; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.6713 is still extending. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 Read more…
Daily Pivots: (S1) 160.36; (P) 160.82; (R1) 161.37; More… Intraday bias in USD/JPY remains neutral for consolidations below 161.27. Downside of retreat should be contained by 158.71 support to bring another rally. Break of 161.27 Read more…
Daily Pivots: (S1) 0.8971; (P) 0.8990; (R1) 0.9007; More… Intraday bias in USD/CHF stays mildly on the upside for channel resistance (now at 0.9034). Fall from 0.9223 might have completed as a three-wave corrective move Read more…
Daily Pivots: (S1) 1.2623; (P) 1.2642; (R1) 1.2665; More… Intraday bias in GBP/USD stays neutral first. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has completed, and bring Read more…
EUR/USD: Inflation in the US – Everything is Going According to Plan Last week, specifically on Thursday, 27 June, the dollar received support from positive macroeconomic data from the US. The Department of Commerce reported Read more…
Yes, Mesdames et Messieurs, the first round of the French legislative election went totally according to the plan for Marine Le Pen’s Nationally Rally which secured one vote over three and became the first far-right Read more…
Initial projections, alongside statements from Macron and Melenchon on Sunday, indicate that the most probable outcome is that no party will achieve an absolute majority, resulting in a ‘hung parliament’. Hence, public spending in France Read more…