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Markets Yesterday saw a new escalation in attacks on oil infrastructure in the Middle East with a sharp rise in energy prices that dominated global markets. Iran attacked Qatar’s Ras Laffan gas infrastructure after Israël Read more…
Daily Pivots: (S1) 1.3699; (P) 1.3719; (R1) 1.3752; More… No change in USD/CAD’s outlook and intraday bias remains neutral. On the upside, firm break of 1.3751 resistance will suggest that stronger rebound is underway, and Read more…
Daily Pivots: (S1) 0.6986; (P) 0.7055; (R1) 0.7093; More… Sideway trading continues in AUD/USD and intraday bias remains neutral at this point. With 0.6943 support intact, further rally is still expected. On the upside, firm Read more…
Daily Pivots: (S1) 1.1488; (P) 1.1518; (R1) 1.1570; More…. Intraday bias in EUR/USD stays neutral and more consolidations could be seen. Further decline is expected as long as 1.1666 resistance holds. Below 1.1408 will resume Read more…
Daily Pivots: (S1) 1.3215; (P) 1.3295; (R1) 1.3339; More… Intraday bias in GBP/USD stays neutral and more consolidations could be seen above 1.326. But risk will stay on the downside as long as 1.3482 resistance Read more…
Daily Pivots: (S1) 159.00; (P) 159.46; (R1) 160.36; More… Intraday bias ins back on the upside with breach of 159.74 temporary top. Current rise from 152.25 should target a retest on 161.94 high. Firm break Read more…
UK labor market data showed further signs of cooling in February, with wage growth easing and employment momentum weakening. Payrolled employees rose modestly by 20k on the month to 30.3 million, but were still down Read more…
Daily Pivots: (S1) 0.7867; (P) 0.7903; (R1) 0.7967; More…. USD/CHF’s rise from 0.7603 resumed by breaking through 0.7921 temporary top. Intraday bias is back on the upside. The current rally is seen as correcting whole Read more…
Risk aversion deepened across global markets as the combination of escalating energy conflict and a more inflation-focused Federal Reserve weighed on sentiment. While the initial selloff in US equities overnight was triggered by a sharp Read more…