The Middle East conflict is deepening. Energy facilities, embassies, airports and other civilian targets are being hit from both sides — the US/Israel and Iran. Energy and gas prices continue to move higher. Bonds and Read more…
In focus today In the euro area, we will receive the January unemployment data and the final February PMIs. We expect the unemployment rate to remain at 6.2% due to continued employment increases in Southern Read more…
Daily Pivots: (S1) 0.8677; (P) 0.8708; (R1) 0.8726; More… EUR/GBP’s extended fall and break of 0.8705 support argues that rebound from 0.8611 has already completed at 0.8788. The pattern from 0.8863 could already be in Read more…
Daily Pivots: (S1) 1.6410; (P) 1.6520; (R1) 1.6614; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. Considering bullish convergence condition in 4H MACD, firm break of 1.6691 resistance will indicate short Read more…
Daily Pivots: (S1) 183.41; (P) 184.05; (R1) 184.58; More… Intraday bias in EUR/JPY remains neutral first. On the upside, break of 184.75 will target 186.86 high. Firm break there will resume larger up trend. However, Read more…
Daily Pivots: (S1) 209.45; (P) 210.41; (R1) 211.59; More… No change in GBP/JPY’s outlook and intraday bias stays neutral at this point. Corrective fall from 214.98 should have completed at 207.20 already. On the upside, Read more…
Daily Pivots: (S1) 0.9056; (P) 0.9092; (R1) 0.9117; More…. Range trading continues in EUR/CHF and intraday bias stays neutral. Price actions from 0.9026 short term bottom are viewed as a consolidations pattern only. While stronger Read more…
Daily Pivots: (S1) 1.1526; (P) 1.1617; (R1) 1.1703; More…. EUR/USD’s fall fro 1.2081 is in progress and intraday bias remains on the downside. Sustained break of 1.1576 structural support would confirm rejection by 1.2 key Read more…
Daily Pivots: (S1) 1.3266; (P) 1.3345; (R1) 1.3438; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.3867 should at least be correcting the rise from 1.2009. Deeper fall should Read more…
Daily Pivots: (S1) 157.24; (P) 157.60; (R1) 158.06; More… Intraday bias in USD/JPY stays on the upside for the moment. Rise from 152.25 should now target a retest on 159.44 high. On the downside, below Read more…