Daily Pivots: (S1) 1.7509; (P) 1.8033; (R1) 1.8319; More… Intraday bias in EUR/AUD is turned neutral again with current recovery. Consolidations from 1.8554 could extend further. But in case of another dip, downside should be Read more…
Daily Pivots: (S1) 0.9166; (P) 0.9288; (R1) 0.9350; More…. EUR/CHF’s fall from 0.9660 resumed after brief recovery and intraday bias is back on the downside. Firm break of 0.9204 key support will confirm larger down Read more…
Daily Pivots: (S1) 1.3920; (P) 1.4015; (R1) 1.4080; More… USD/CAD’s fall from 1.4791 resumed by breaking through 1.4026 and intraday bias is back on the downside. Sustained break of 1.3946 will carry larger bearish implication. Read more…
Daily Pivots: (S1) 0.6143; (P) 0.6197; (R1) 0.6277; More… A short term bottom should be formed at 0.5913 with break of 55 4H EMA (now at 0.6158). Intraday bias is now on the upside for Read more…
The UK economy delivered a strong upside surprise in February, with GDP expanding by 0.5% mom, far exceeding market expectations of just 0.1% mom. All three major sectors contributed to the growth: services rose by Read more…
Tariff-pause optimism didn’t last long. Although the European markets followed the US to the upside, mood in the US turned increasingly sour and led to another wave of selloff as the trade war escalated with Read more…
In focus today In the US, the University of Michigan’s preliminary consumer sentiment survey for April is set for release. The March edition revealed a significant decline in consumer sentiment, alongside soaring inflation expectations. Markets Read more…
Daily Pivots: (S1) 143.01; (P) 145.44; (R1) 146.86; More… Intraday bias in USD/JPY is back on the downside with break of 143.98 temporary low. Current fall from 158.86 should target 139.57 support next. On the Read more…
Gold ($XAUUSD) has soared to a new all-time high, marking the launch of its next bullish phase. This powerful uptrend began on September 26, 2022, and is unfolding as a five-wave Elliott Wave pattern, a Read more…
Daily Pivots: (S1) 0.8120; (P) 0.8350; (R1) 0.8467; More… Intraday bias in USD/CHF remains on the downside as current selloff accelerates again. Break of 161.8% projection of 0.9196 to 0.8757 from 0.8854 at 0.8144 will Read more…