WTI crude oil posts a bullish gap, reaching its highest levels since July 2022. Iran-related tensions fuel upward pressure, but rally could be short-lived. Momentum indicators mirror the surge, extending into overbought territory. WTI crude Read more…
Markets Unexpected weak US payrolls on Friday brought a temporary interruption from the war-related, inflationary narrative. Contrary to mostly solid US data of late (e.g. ISMs), the US economy in February shed 92k jobs. The Read more…
Daily Pivots: (S1) 210.57; (P) 211.14; (R1) 212.26; More… Intraday bias in GBP/JPY remains neutral for the moment. Overall, price actions from 214.98 are seen as a corrective pattern that could extend further. On the Read more…
Daily Pivots: (S1) 182.66; (P) 183.03; (R1) 183.68; More… Intraday bias in EUR/JPY remains neutral at this point. On the downside, firm break of 180.78 support will indicate that fall from 186.86 is already correcting Read more…
Daily Pivots: (S1) 0.8642; (P) 0.8672; (R1) 0.8688; More… Intraday bias in EUR/GBP remains on the downside at tis point. Fall from 0.8788 is the third leg of the pattern from 0.8863. Deeper fall would Read more…
Daily Pivots: (S1) 1.6472; (P) 1.6523; (R1) 1.6576; More… Intraday bias in EUR/AUD remains neutral for the moment and more consolidations could be seen. On the downside, sustained break of 138.2% projection of 1.8554 to Read more…
Daily Pivots: (S1) 0.8993; (P) 0.9034; (R1) 0.9059; More…. Intraday bias in EUR/CHF remains on the downside at this point. Firm break of 61.8% projection of 0.9347 to 0.9092 from 0.9149 at 0.8991 will pave Read more…
In focus today All focus this morning is on the escalating situation in the Middle East and the impact on energy prices. It is a fluid situation, and investors will monitor the news flow communication Read more…
It’s happening. US crude just hit $120 per barrel at the open before retreating to around $107 by the time I came to my desk, while Brent crude peaked at $113 per barrel before retreating Read more…
Daily Pivots: (S1) 1.3532; (P) 1.3607; (R1) 1.3649; More… Intraday bias in USD/CAD remains mildly on the downside at this point. Consolidation pattern from 1.3480 could have completed at 1.3751, after hitting 55 D EMA Read more…