Geopolitical tensions in the Middle East had remained the primary macro driver for the gold market over recent weeks; however, on 8 April the situation shifted sharply as the United States and Iran agreed to Read more…
Commodity-linked currencies continue to strengthen, while the US dollar remains under pressure amid easing geopolitical tensions and a shift in investor preference towards riskier assets. Reports of a temporary ceasefire between the US and Iran Read more…
Daily Pivots: (S1) 212.69; (P) 213.27; (R1) 214.22; More… Intraday bias in GBP/JPY remains on the upside for retesting 214.98 high. Decisive break there will confirm larger up trend resumption. On the downside, below 212.31 Read more…
Daily Pivots: (S1) 185.15; (P) 185.71; (R1) 186.54; More… Intraday bias in EUR/JPY remains on the upside for retesting 186.86 high. Firm break there will resume larger up trend. Next near term target is 161.8% Read more…
Daily Pivots: (S1) 0.8699; (P) 0.8708; (R1) 0.8717; More… EUR/GBP is still extending consolidations below 0.8740 and intraday bias stays neutral. On the upside, above 0.8740 will resume the rebound from 0.8610 short term bottom Read more…
Daily Pivots: (S1) 1.6477; (P) 1.6548; (R1) 1.6590; More… Intraday bias in EUR/AUD stays on the upside at this point. Corrective rebound from 1.6125 could have completed at 1.6842 after rejection by 55 D EMA Read more…
Daily Pivots: (S1) 0.9227; (P) 0.9240; (R1) 0.9262; More…. Intraday bias in EUR/CHF stays neutral and more consolidations could be seen below 0.9264. On the upside, sustained trading above 61.8% retracement of 0.9394 to 0.8979 Read more…
Markets Markets yesterday were looking for a new short-term equilibrium/new starting point as a next phase in the Middle East conflict had started. Earlier this week markets were pushed back and forth by consecutive U-turns Read more…
Daily Pivots: (S1) 1.1658; (P) 1.1692; (R1) 1.1733; More…. Intraday bias in EUR/USD stays neutral at this point. Further rise is expected as long as 55 4H EMA (now at 1.1596) holds. Fall from 1.2081 Read more…
Daily Pivots: (S1) 158.54; (P) 158.92; (R1) 159.38; More… USD/JPY is still extending consolidations below 160.45 and intraday bias stays neutral. Further rise is expected as long as 157.49 cluster support (38.2% retracement of 152.25 Read more…