Daily Pivots: (S1) 0.8486; (P) 0.8498; (R1) 0.8517; More… EUR/GBP’s fall from 0.8737 should still be in progress for 55 D EMA (now at 0.8451). Sustained break there will argue that whole rebound from 0.8221 Read more…
Daily Pivots: (S1) 1.7606; (P) 1.7680; (R1) 1.7760; More… Outlook in EUR/AUD is unchanged and intraday bias stays neutral. Corrective pattern from 1.8554 could extend, but downside should be contained by 38.2% retracement of 1.5963 Read more…
Daily Pivots: (S1) 0.9330; (P) 0.9362; (R1) 0.9395; More…. Intraday bias in EUR/CHF stays neutral and outlook is unchanged. Rebound from 0.9218 is either a corrective move, or the third leg of the pattern from Read more…
Daily Pivots: (S1) 1.1257; (P) 1.1299; (R1) 1.1332; More… EUR/USD’s corrective fall from 1.1572 could extend lower to 100% projection of 1.1572 to 1.1306 from 1.1424 at 1.1158. But downside should be contained by 38.2% Read more…
Daily Pivots: (S1) 1.3244; (P) 1.3295; (R1) 1.3328; More… Intraday bias in GBP/USD stays neutral at this point. On the downside, firm break of 1.3232 support will indicate short term topping and rejection by 1.3433 Read more…
Daily Pivots: (S1) 0.8248; (P) 0.8290; (R1) 0.8339; More…. Intraday bias in USD/CHF remains neutral as range trading continues. On the upside, above 0.8333 will resume the rebound from 0.8038 short term bottom. But upside Read more…
Daily Pivots: (S1) 143.60; (P) 144.67; (R1) 146.46; More… USD/JPY’s rebound from 139.87 is in progress and intraday bias stays on the upside for 100% projection of 139.87 to 144.02 from 141.96 at 146.11. But Read more…
Daily Pivots: (S1) 0.6358; (P) 0.6392; (R1) 0.6419; More… Intraday bias in AUD/USD remains neutral at this point. On the upside, above 0.6448 will resume the rebound from 0.5913 to 61.8% retracement of 0.6941 to Read more…
The S&P 500 gained for the eighth consecutive session despite a set of soft economic data and cautious earnings forecasts. The lack of escalation in the trade war over the past week and dovish Federal Read more…
In focus today In the euro area, we focus on HICP inflation data for April. Country data showed slightly higher inflation in France, Germany, and Spain, while inflation was lower than expected in other countries Read more…