Daily Pivots: (S1) 0.9306; (P) 0.9322; (R1) 0.9332; More…. EUR/CHF is extending consolidations below 0.9349 and intraday bias remains neutral. As noted before, fall from 0.9660 could have completed at 0.9178, on bullish convergence condition Read more…
Daily Pivots: (S1) 1.3928; (P) 1.3990; (R1) 1.4041; More… USD/CAD’s fall accelerates lower today, and considering bearish divergence condition in D MACD, break of 1.3920 support is the first sign of bearish reversal. Intraday bias Read more…
Daily Pivots: (S1) 0.6530; (P) 0.6545; (R1) 0.6568; More… No change in AUD/USD’s outlook. Intraday bias remains on the upside for 0.6579 resistance. Decisive break there should confirm that whole fall from 0.6706 has completed Read more…
Daily Pivots: (S1) 1.1568; (P) 1.1587; (R1) 1.1619; More… Range trading continues in EUR/USD and intraday bias stays neutral. With 1.1655 resistance intact, further decline is still expected. On the downside, below 1.1490 and 1.1467 Read more…
Daily Pivots: (S1) 1.3204; (P) 1.3229; (R1) 1.3258; More… Intraday bias in GBP/USD remains neutral first. On the upside, break of 1.3267 will resume the rebound from 1.3308. Sustained trading above 55 D EMA (now Read more…
Daily Pivots: (S1) 0.8019; (P) 0.8046; (R1) 0.8064; More… USD/CHF is staying in consolidations below 0.8101 and intraday bias stays neutral. Rise from 0.7877 is still seen as the third leg of the corrective pattern Read more…
Markets US stock markets ended a low-volume, shortened after-Thanksgiving-trading session in the green with gains between 0.54-0.65% for the main indices. European equities overcame early weakness to finish 0.3% higher (EuroStoxx50). Last week’s moves, particularly Read more…
December is finally here. Last month ended on a positive note – with a solid reversal of the early-November losses on one single bet: that the Federal Reserve (Fed) would cut interest rates in December. Read more…
In focus today In the US, the November ISM Manufacturing index is due for release today. Leading manufacturing indicators have sent mixed signals so far, with the flash PMI declining slightly and regional Fed indices Read more…
Daily Pivots: (S1) 155.91; (P) 156.25; (R1) 156.52; More… USD/JPY dips low today as corrective pullback from 157.88 extends. While further fall cannot be ruled out, downside should be contained by near term channel support Read more…