EUR/USD The euro has retreated from its previously reached highs. The 1.12000 level provided strong resistance to buyers, and after testing it twice, the price has corrected to 1.1100. This level has already offered support Read more…
AUDUSD increases 7% in August 20- and 50-day SMAs post bullish cross Stochastic in overbought region RSI still beneath 70 area AUDUSD hit a new eight-month high above the 0.6800 round number, breaking the long-term Read more…
Markets More technical, order driving trading for global markets yesterday. An almost empty eco calendar left investors counting down to upcoming data (EMU CPIs today and tomorrow, US PCE deflators on Friday, key early month Read more…
Nvidia generated a record $30bn in sales in Q2 – up by 122%, the profits surged 166% to $16.6bn, the company said that they expect to sell $32.5bn in the current quarter (more than $31.9bn Read more…
In focus today The focus in the Nordics for today will be the Q2 GDP report from Sweden due at 08.00 CET. The unofficial GDP indicator showed a 0.8% q/q drop in GDP, however, that Read more…
Daily Pivots: (S1) 1.1087; (P) 1.1138; (R1) 1.1170; More…. Intraday bias in EUR/USD remains neutral for consolidations below 1.1200. Downside of retreat should be contained above 1.1007 resistance turned support. On the upside, break of Read more…
Daily Pivots: (S1) 1.3151; (P) 1.3208; (R1) 1.3249; More… Intraday bias in GBP/USD remains neutral as consolidations continues below 1.3265. Downside of retreat should be contained well above 1.3043 resistance turned support to bring rebound. Read more…
Daily Pivots: (S1) 0.8401; (P) 0.8431; (R1) 0.8452; More….. USD/CHF’s fall from 0.9223 is in progress. Intraday bias stays on the downside for 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then Read more…
Daily Pivots: (S1) 143.84; (P) 144.44; (R1) 145.19; More… No change in USD/JPY’s outlook. Further decline is still in favor in USD/JPY with 146.47 resistance intact, to retest 141.67 low. Firm break there will resume Read more…
Daily Pivots: (S1) 0.6762; (P) 0.6788; (R1) 0.6810; More… Intraday bias in AUD/USD stays on the upside at this point, despite some loss of momentum. Current rally should target 0.6870 resistance. Firm break there will Read more…