Market Picture The crypto market retreated last week and is in no hurry to recover, remaining at $3.31 trillion, roughly where it was 30 days ago. The sharp dip below $3.2 trillion was also quickly Read more…
Broadcom shares moved higher in early Monday trading, putting the stock on pace for a December gain of around 40%, following another price target boost for the AI chipmaker from a top Wall Street analyst. Read more…
Check back for updates throughout the trading day U.S. equity futures edged higher in early Monday trading as investors looked to the holiday-shortened week and the traditional ‘Santa Claus rally’ to pull stocks out of Read more…
Daily Pivots: (S1) 195.79; (P) 196.55; (R1) 197.34; More… Intraday bias in GBP/JPY remains neutral at this point. As noted before, corrective pattern from 180.00 is extending with another rising leg. Further rise is expected Read more…
Daily Pivots: (S1) 162.42; (P) 163.04; (R1) 163.73; More… Intraday bias in EUR/JPY stays on the upside for the moment. Corrective pattern from 154.04 is extending with another rising leg. Further rise should be seen Read more…
Daily Pivots: (S1) 0.8276; (P) 0.8294; (R1) 0.8318; More… Intraday bias in EUR/GBP stays neutral for the moment and more consolidations would be seen.. On the upside, break of 0.8326 resistance will indicate short term Read more…
Daily Pivots: (S1) 1.6627; (P) 1.6661; (R1) 1.6717; More… Intraday bias in EUR/AUD remains neutral as consolidations continue below 1.6712. Deeper retreat could be seen, but downside should be contained by 55 4H EMA (now Read more…
Daily Pivots: (S1) 0.9289; (P) 0.9311; (R1) 0.9336; More…. Intraday bias in EUR/CHF is turned neutral first with a temporary low formed at 0.9284. But outlook is unchanged that corrective rebound from 0.9204 should have Read more…
Last week was chaotic. The Federal Reserve’s (Fed) hawkish 25bp cut, the hint from the dot plot that there would be only two rate cuts next year instead of four – because the US economy Read more…
Daily Pivots: (S1) 1.0365; (P) 1.0407; (R1) 1.0470; More…. Intraday bias in EUR/USD remains neutral first and more consolidations could be seen. While stronger recovery cannot be ruled out, outlook will remain bearish as long Read more…