Daily Pivots: (S1) 171.05; (P) 171.68; (R1) 172.24; More… EUR/JPY recovered ahead of 170.94 support and intraday bias stays neutral. On the upside, above 172.99 will resume the rebound from 169.69 to retest 173.87 high. Read more…
Daily Pivots: (S1) 197.56; (P) 198.51; (R1) 199.14; More… Intraday bias in GBP/JPY is back on the downside with break of 198.58 minor support. Deeper correction could be seen to 55 D EMA (now at Read more…
Daily Pivots: (S1) 0.9349; (P) 0.9384; (R1) 0.9404; More…. A short term top was formed at 0.9452 with current steep decline in EUR/CHF. While initial support is seen from 55 D EMA (now at 0.9365), Read more…
Daily Pivots: (S1) 1.1623; (P) 1.1649; (R1) 1.1675; More… Sideway trading continues in EUR/USD and intraday bias stays neutral. Further rally is expected as long as 1.1589 support holds. Above 1.1729 will bring retest of Read more…
Daily Pivots: (S1) 1.3432; (P) 1.3471; (R1) 1.3494; More… Intraday bias in GBP/USD stays neutral at this point. While correction from 1.3594 might extend lower, down side should be contained by 1.3399 support. On the Read more…
Daily Pivots: (S1) 146.84; (P) 147.33; (R1) 147.79; More… Intraday bias in USD/JPY stays neutral as range trading continues. On the upside, break of 148.51 will indicate that the pullback from 150.90 has completed, and Read more…
Daily Pivots: (S1) 0.8018; (P) 0.8055; (R1) 0.8080; More…. No change in USD/CHF’s outlook as range trading continues. Intraday bias remains neutral at this point. On the downside, break of 0.8020 will revive that case Read more…
Daily Pivots: (S1) 1.3857; (P) 1.3871; (R1) 1.3887; More… Intraday bias in USD/CAD remains on the upside for the moment. Decisive break of 1.3878 resistance will extend the corrective rebound from 1.3538. Next target is Read more…
Yesterday’s FOMC minutes further dampened investor mood and accelerated the equity selloff – again led by a significant drop across Big Tech. The minutes stated that Fed officials were worried about both weakening jobs data Read more…
Markets Markets remained mired in mostly technical, order-driven trading yesterday. On equity markets, Tuesday’s ‘rotation’ out of some US tech-related stocks to some extent continued (Nasdaq -0.63%, Dow +0.04%, Eurostoxx 50 -0.20%), but it still Read more…