Markets The risk rally continued on Friday. European stocks soared by over 2%, catching up with US gains on Thursday (strong Q1 earnings from the likes of Microsoft and Meta). US stock markets gained over Read more…
Daily Pivots: (S1) 191.09; (P) 192.83; (R1) 194.17; More… Intraday bias in GBP/JPY stays neutral for consolidations below 193.72. Further rise is expected as long as 189.97 support holds. Above 193.72 will resume the rise Read more…
Daily Pivots: (S1) 163.36; (P) 164.00; (R1) 164.54; More… Intraday bias in EUR/JPY is turned neutral first with current retreat, and some consolidations would be seen. Further rally is expected as long as 161.68 support Read more…
Daily Pivots: (S1) 0.8491; (P) 0.8516; (R1) 0.8541; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, below 0.8478 will target 55 D EMA (now at 0.8455). Sustained trading below there Read more…
Daily Pivots: (S1) 1.7467; (P) 1.7588; (R1) 1.7668; More… Intraday bias in EUR/AUD remains on the downside as fall from 1.8554 is in progress. Sustained break of 55 D EMA (now at 1.7410) will target Read more…
Daily Pivots: (S1) 0.9306; (P) 0.9347; (R1) 0.9382; More…. Intraday bias in EUR/CHF remains neutral at this point. On the upside, above 0.9445 will resume the rebound from 0.9218, either as a corrective move or Read more…
The week begins with a sharp decline in oil prices – around 4% at the time of writing – as OPEC+ announced it would accelerate output restoration by 411K barrels per day, taking the total Read more…
In focus this week Today in the euro area, we receive the Sentix investor confidence indicator, which will give the first status of sentiment in May. The index fell greatly in April as it was Read more…
Daily Pivots: (S1) 1.1257; (P) 1.1319; (R1) 1.1364; More… Intraday bias in EUR/USD remains neutral at this point. On the downside, below 1.1265 will resume the corrective fall from 1.1572 short term top. But downside Read more…
Daily Pivots: (S1) 143.82; (P) 144.87; (R1) 146.01; More… Intraday bias in USD/JPY remains neutral for the moment. Overall near term outlook will stay bearish as long as 38.2% retracement of 158.86 to 139.87 at Read more…