Gold is trading sideways, well below its recent high Volatility remains elevated ahead of the US election Momentum indicators remain mostly bullish Gold is trading sideways today and thus failing to forcefully react to the Read more…
AUD/USD is attempting a recovery wave from 0.6540. NZD/USD is also correcting losses and might recover further if there is a clear move above the 0.6030 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today Read more…
Cable’s drop to a new low last week occurred in only three waves from 1.3044, suggesting it’s likely part of wave “b” in a complex correction. Therefore, we are looking for a potential flat formation Read more…
Markets US payrolls and the Manufacturing ISM caused quite some intraday volatility on Friday but in the end didn’t change the broader market picture in any profound way. The US economy in October only added Read more…
Last week was packed with earnings and data. Five of the Magnificent 7 stocks announced magnificent earnings. Some, like Google and Amazon, kept their investors on their sides, whereas others, like Microsoft and Meta failed Read more…
In focus this week Today, in the euro area, we receive the Sentix investor confidence indicator, providing the first assessment of sentiment in November. Focus is also on the final manufacturing PMI data for October. Read more…
Daily Pivots: (S1) 196.10; (P) 197.24; (R1) 198.69; More… Intraday bias in GBP/JPY remains neutral for consolidations below 199.79. Further rally is expected as long as 55 D EMA (now at 194.26) holds. Above 199.79 Read more…
Daily Pivots: (S1) 165.25; (P) 165.69; (R1) 166.14; More…. Intraday bias in EUR/JPY remains neutral for consolidation below 166.67. Further rally is expected as long as 164.25 minor support holds. Sustained break of 61.8% retracement Read more…
Daily Pivots: (S1) 0.8355; (P) 0.8399; (R1) 0.8429; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. Read more…
Daily Pivots: (S1) 1.6467; (P) 1.6526; (R1) 1.6576; More… Intraday bias in EUR/AUD remains neutral for the moment/ Further rally is expected as long as 1.6351 resistance turned support holds. On the upside, above 1.6598 Read more…