Market movers today A quiet day in terms of macro data. Consumer confidence figures will be released from Germany, Sweden and the US conference board. US November home sales are also due for release in Read more…
Germany Gfk Consumer Sentiment for January improved from -40.1 to -37.8. In December, economic expectations rose from 17.9 to -10.3. Income expectations rose from -54.3 to -43.4. Propensity to buy rose form -18.6 to -16.3. Read more…
Daily Pivots: (S1) 1.3560; (P) 1.3632; (R1) 1.3684; More…. Intraday bias in USD/CAD is turned neutral again but further rise is in favor as long as 1.3516 support holds. Break of 1.3704 will resume the Read more…
Daily Pivots: (S1) 0.6625; (P) 0.6685; (R1) 0.6740; More… Intraday bias in AUD/USD stays mildly on the downside at this point. Firm break of 38.2% retracement of 0.6169 to 0.6892 at 0.6616 will indicate rejection Read more…
Daily Pivots: (S1) 129.04; (P) 133.26; (R1) 135.95; More… Intraday bias in USD/JPY remains on the downside, with immediate focus on on 55 week EMA (now at 131.76). Decisive break there will pave the way Read more…
Daily Pivots: (S1) 0.9233; (P) 0.9271; (R1) 0.9299; More… Range trading continues in USD/CHF and intraday bias stays neutral at this point. Further decline is in favor with 0.9378 resistance intact. On the downside, break Read more…
Daily Pivots: (S1) 1.2106; (P) 1.2165; (R1) 1.2244; More… Intraday bias in GBP/USD is turned neutral first with loss of downside momentum. Risk stays on the downside with 1.2445 resistance intact. Below 1.2084 will resume Read more…
Daily Pivots: (S1) 1.0582; (P) 1.0621; (R1) 1.0662; More… EUR/USD still bounded in sideway trading below 1.0733 and intraday bias remains neutral for the moment. Further rally is expected as long as 1.0481 resistance turned Read more…
The markets become rather directionless again in Asian session. Yen is paring some gains as the boost from BoJ faded. Swiss Franc, Aussie and Kiwi are on the weaker side too. On the other hand, Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to Read more…