Key takeaways AI bubble fears lack confirmation as trend holds: Despite a temporary sell-off triggered by concerns around OpenAI revenue, the Nasdaq 100 stabilised, suggesting that recent “AI bubble” worries are not yet supported by Read more…
The S&P 500 E-Mini Futures (ES) have concluded a corrective phase against the cycle from the April 2025 low at 6367. This decline has been identified as wave (2). Following the completion of this pullback, Read more…
Daily Pivots: (S1) 215.16; (P) 215.54; (R1) 216.15; More… Intraday bias in GBP/JPY stays neutral and more consolidations could be seen. Further rise is expected as long as 213.94 r support holds. On the upside, Read more…
Daily Pivots: (S1) 186.33; (P) 186.70; (R1) 187.33; More… No change in EUR/JPY’s outlook as consolidation from 187.93 is extending. Intraday bias stays neutral. Strong support is expected from 38.2% retracement of 182.56 to 187.93 Read more…
Daily Pivots: (S1) 0.8652; (P) 0.8667; (R1) 0.8679; More… Range trading continues in EUR/GBP and intraday bias stays neutral. Further fall is expected with 0.8685 support turned resistance intact. On the downside, below 0.8652 will Read more…
Daily Pivots: (S1) 1.6284; (P) 1.6314; (R1) 1.6340; More… Despite loss of downside momentum as seen in 4H MACD, further fall is expected in EUR/AUD with 1.6418 resistance intact. Retest of 1.6126 low should be Read more…
Daily Pivots: (S1) 0.9211; (P) 0.9231; (R1) 0.9266; More…. While EUR/CHF’s rebound was strong, it’s still capped below 0.9264 resistance. Intraday bias remains neutral and more consolidations could be seen. But still, further rise is Read more…
Markets Core bond yields yesterday staged a further (forceful) bear steepening heading into the Fed, BoC, BoE and ECB policy meetings scheduled today and tomorrow. Markets are growing ever more convinced that a prolonged stalemate Read more…
Daily Pivots: (S1) 1.1684; (P) 1.1706; (R1) 1.1735; More…. Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected with 1.1662 support intact. On the upside, sustained trading above 61.8% retracement of Read more…
Daily Pivots: (S1) 159.12; (P) 159.45; (R1) 159.95; More… Intraday bias in USD/JPY remains neutral as consolidation continues below 160.45. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at Read more…