Daily Pivots: (S1) 1.6394; (P) 1.6440; (R1) 1.6467; More… Despite loss of downward momentum, further fall is still expected in EUR/AUD with 1.6667 resistance intact. Decline from 1.6842 should target a retest on 1.6125 low. Read more…
Daily Pivots: (S1) 0.9156; (P) 0.9183; (R1) 0.9202; More…. EUR/CHF is still holding inside range of 0.9155/9264. Intraday bias remains neutral and further rise is in favor. Firm break of 0.9264 will resume the rise Read more…
Daily Pivots: (S1) 1.3616; (P) 1.3664; (R1) 1.3693; More… USD/CAD’s fall from 1.3965 resumed after brief consolidations and intraday bias is back on the downside. Sustained trading below 61.8% retracement of 1.3480 to 1.3965 at Read more…
Daily Pivots: (S1) 0.7136; (P) 0.7159; (R1) 0.7200; More… Intraday bias in AUD/USD remains neutral for consolidations below 0.7221. Downside should be contained above 0.7000 support. On the upside, above 0.7221 will extend the larger Read more…
Daily Pivots: (S1) 158.51; (P) 158.86; (R1) 159.16; More… USD/JPY is extending consolidation pattern from 160.45 and intraday bias remains neutral. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to 160.45 Read more…
Daily Pivots: (S1) 0.7759; (P) 0.7800; (R1) 0.7824; More…. USD/CHF is still bounded in range above 0.7774 and intraday bias stays neutral at this point. Upside of recovery should be limited below 0.7933 resistance to Read more…
Daily Pivots: (S1) 1.1746; (P) 1.1768; (R1) 1.1809; More…. Intraday bias in EUR/USD remains neutral as consolidations continue below 1.1848. Further rally is in favor as long as 1.1662 support holds. On the upside, sustained Read more…
Markets Oil prices jumped and stocks fell yesterday. It was renewed risk off following the reopening and then closure by Iran again of the Strait of Hormuz and the seizure of an Irian-flagged vessel by Read more…
The week started on a sour note as tensions in the Middle East flared up again over the weekend, and uncertainty remains over what will happen when the two-week ceasefire agreement comes to an end Read more…
In focus today In Germany, the ZEW indicator for April will be released. The assessment of the current conditions rose last month, while expectations took a historically large hit. As the oil price has declined Read more…