Market mood got hammered yesterday — for all the reasons we’ve been citing over and over: overstretched tech valuations, an increasingly narrow rally, and the circularity concerns around Big Tech that are reviving dot-com bubble Read more…
In focus today In the US, the October ADP private sector employment report is due for release this afternoon. The release is likely to get more attention than usual due to the delays to the Read more…
Daily Pivots: (S1) 1.1459; (P) 1.1496; (R1) 1.1520; More… Intraday bias in EUR/USD remains on the downside for 100% projection of 1.1917 to 1.1540 from 1.1727 at 1.1350. Decisive break there would prompt downside acceleration Read more…
Daily Pivots: (S1) 153.99; (P) 154.14; (R1) 154.38; More… Intraday bias in USD/JPY stays neutral and more consolidations would be seen below 154.47. Further rally is expected as long as 151.52 support holds. Above 154.47 Read more…
Daily Pivots: (S1) 1.2972; (P) 1.3059; (R1) 1.3108; More… Intraday bias in GBP/USD stays on the downside, and fall from 1.3787 should now target 61.8% retracement of 1.2099 to 1.3787 at 1.2744 next. Sustained break Read more…
Daily Pivots: (S1) 0.8078; (P) 0.8094; (R1) 0.8120; More… There is no clear sign of topping in USD/CHF yet despite loss of momentum as seen in 4H MACD> Further rise would be seen to 100% Read more…
Daily Pivots: (S1) 0.6468; (P) 0.6504; (R1) 0.6528; More… Intraday bias in AUD/USD remains on the downside. Fall from 0.6616 is the third leg of the pattern from 0.6706, and should target 0.6413 cluster support Read more…
Daily Pivots: (S1) 1.4070; (P) 1.4089; (R1) 1.4124; More… USD/CAD’s break of 1.4078 confirms resumption of whole rally from 1.3538. Intraday bias is back on the upside for 100% projection of 1.3725 to 1.4078 from Read more…
Daily Pivots: (S1) 0.9291; (P) 0.9304; (R1) 0.9318; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the upside, decisive break of 0.9311 support turned resistance and 55 D EMA (now at 0.9307) Read more…
Daily Pivots: (S1) 0.8780; (P) 0.8801; (R1) 0.8837; More… Intraday bias in EUR/GBP is back on the upside with break of 0.8817 temporary top. Next target is 0.8867 fibonacci level. Firm break there will carry Read more…