Daily Pivots: (S1) 1.0446; (P) 1.0475; (R1) 1.0532; More… EUR/USD is still bounded in consolidation from 1.0176 and intraday bias stays neutral. Stronger rebound might be seen but outlook will remain bearish as long as Read more…
Daily Pivots: (S1) 148.85; (P) 150.17; (R1) 150.93; More… Intraday bias in USD/JPY is turned neutral first with current recovery. Some consolidations might be seen, but outlook will stay bearish as long as 154.79 resistance Read more…
Daily Pivots: (S1) 1.2552; (P) 1.2597; (R1) 1.2631; More… GBP/USD’s rally from 1.2099 extended higher and intraday bias is now on the upside for 1.2810 resistance. Firm break there should target 61.8% retracement of 1.3433 Read more…
Daily Pivots: (S1) 0.8953; (P) 0.9003; (R1) 0.9031; More… USD/CHF is still bounded in consolidation from 0.9200 and intraday bias remains neutral. While deeper pull back might be seen, outlook will stay mildly bullish as Read more…
Daily Pivots: (S1) 0.6351; (P) 0.6378; (R1) 0.6428; More… Immediate focus is now on 38.2% retracement of 0.6941 to 0.6087 at 0.6413 as rebound from 0.6087 resumed through 0.6373. Strong resistance is expected from 0.6413 Read more…
UK retail sales volumes surged 1.7% mom in January, far exceeding market expectations of 0.3% m/m, marking a strong recovery from December’s -0.6% mom decline. This sharp rebound pushed monthly sales index levels to their Read more…
In focus today The key PMI index for February is scheduled for release today across most major economies. Our focus will be on the data from the euro area in particular. The rise in euro Read more…
Short Term Elliott Wave View in Light Crude Oil (CL) suggests the metal ended cycle from 1.16.2025 high. Decline from 1.16.2025 high unfolded as a 5 waves with wave ((i)) ended at 77.87 and wave Read more…
Key insights from the week that was. As expected, the RBA delivered a 25bp rate cut on Tuesday, bringing the cash rate down to 4.10%. While the Board cited “welcome progress on inflation” as a Read more…
Daily Pivots: (S1) 0.8275; (P) 0.8283; (R1) 0.8298; More… Further decline is expected in EUR/GBP as long as 0.8308 minor resistance holds. Fall from 0.8472 is in progress and should target a retest on 0.8221 Read more…