Eurozone PMI Manufacturing was finalized at 50.8 in February, rising from January’s 49.5 and marking a 44-month high. The move above also the 50 threshold signals a return to expansion for the bloc’s factory sector. Read more…
Gold extends its four day rally into record territory. Price spikes as escalating geopolitical tensions fuel flight to safety. Momentum indicators reinforce the bullish bias amidst the angst. Gold opened with a bullish gap on Read more…
GBP/USD failed to climb above 1.3575 and corrected some gains. EUR/GBP started a decent increase and might aim for more gains above 0.8800. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is Read more…
Daily Pivots: (S1) 1.1796; (P) 1.1812; (R1) 1.1834; More…. EUR/USD’s fall from 1.2081 resumed by breaking through 1.1740 temporary low. Intraday bias is back on the downside for 1.1576 structural support. Firm break there should Read more…
Daily Pivots: (S1) 155.66; (P) 155.95; (R1) 156.36; More… USD/JPY’s rally from 152.25 resumed by braking through 156.81 temporary top. Intraday bias is back on the upside for 157.65 resistance first. Firm break there will Read more…
Daily Pivots: (S1) 1.3449; (P) 1.3478; (R1) 1.3517; More… GBP/USD’s decline from 1.3867 resumed by breaking through 1.3432 today, and intraday bias is back on the downside. Firm break of 1.3342 support should confirm that Read more…
Daily Pivots: (S1) 0.7659; (P) 0.7705; (R1) 0.7737; More…. USD/CHF recovered today but stays in established range. Intraday bias remains neutral for the moment. In case of another rise, upside should be limited by 55 Read more…
Key takeaways Geopolitical shock fuels haven flows: Escalating US-Iran conflict and fears over a Strait of Hormuz disruption triggered a “haven first” reaction—gold surged, WTI spiked above $70, US equities and Asian indices fell, while Read more…
The weekend was marked by tensions between the US, Israel, and Iran, leading to hundreds of explosions targeting broader Middle East countries as well, including the UAE, Saudi Arabia, Qatar, Bahrain and Kuwait. The flare-up Read more…
Daily Pivots: (S1) 0.7092; (P) 0.7112; (R1) 0.7137; More… Range trading continues in AUD/USD and intraday bias stays neutral at this point. Further rise is expected with 0.6896 support intact. On the upside, firm break Read more…