WTI crude oil rises from 17-month low Momentum oscillators gain some ground WTI crude oil has finally climbed higher from the 17-month low of 65.70 after the aggressive selling interest from the 78.75 resistance. Over Read more…
Short Term Elliott Wave view on DAX suggests that the Index is correcting cycle from 8.5.2024 low in 3, 7, or 11 swing before it resumes higher. The pullback on 8.5.2024 towards 17024.6 ended wave Read more…
Markets US yields finished 0.3 bps (30-yr) to 4.6 bps (2-yr) higher yesterday in a volatile session. The (trade-weighted) dollar approaches first resistance at 101.92/102 (101.68 close). EUR/USD came within striking distance of the 1.10 Read more…
In focus today Today, the ECB is widely expected by both analysts and markets to deliver a 25bp rate cut. The moderation in the labour market and economic activity since the June meeting should lead Read more…
The latest US CPI data, and the reaction to data was mixed on Wednesday. The good news is that the headline inflation fell from 2.9% to 2.5% in August, and sank significantly below the 3% Read more…
Daily Pivots: (S1) 184.10; (P) 185.29; (R1) 186.86; More… Intraday bias in GBP/JPY is turned neutral with current recovery.. But further decline is expected as long as 189.77 resistance holds. Below 183.70 will bring retest Read more…
Daily Pivots: (S1) 155.78; (P) 156.43; (R1) 157.41; More…. Intraday bias in EUR/JPY is turned neutral again with current recovery. But further decline is expected as long as 160.01 support turned resistance holds. Below 155.45 Read more…
Daily Pivots: (S1) 0.8421; (P) 0.8443; (R1) 0.8463; More… Intraday bias in EUR/GBP remains neutral as consolidation from 0.8399 short term bottom is extending. Stronger recovery might be seen but upside should be limited by Read more…
Daily Pivots: (S1) 1.6459; (P) 1.6539; (R1) 1.6579; More… Intraday bias in EUR/AUD is turned neutral with current retreat. Rebound from 1.6256 is still in favor to continue as long as 1.6457 support holds. Above Read more…
Daily Pivots: (S1) 0.9329; (P) 0.9363; (R1) 0.9419; More…. A temporary low as formed at 0.9305 in EUR/CHF with current recovery and intraday bias is turned neutral for consolidations. Deeper decline is still expected with Read more…