Markets US stock markets lost more dash yesterday, ceding again up to 2% (Nasdaq) in the close and completely erasing the exaggerated reaction to last week’s dovish interpreted Fed Chair Powell speech. Technically, the S&P Read more…
Daily Pivots: (S1) 165.78; (P) 166.64; (R1) 167.13; More… Intraday bias in GBP/JPY stays neutral at this point. On the downside, break of 164.02 should resume the whole fall from 172.11 through 163.02 support. Nevertheless, Read more…
Daily Pivots: (S1) 143.03; (P) 143.51; (R1) 143.93; More…. Intraday bias in EUR/JPY stays neutral at this point. Further decline could be seen as long as 146.12 resistance holds. Break of 140.75 will resume the Read more…
Daily Pivots: (S1) 0.8591; (P) 0.8612; (R1) 0.8647; More… Further decline remains in favor with 0.8674 resistance intact. Current fall from 0.9267 should target 61.8% projection of 0.9267 to 0.8647 from 0.8827 at 0.8444 next. Read more…
Daily Pivots: (S1) 1.5586; (P) 1.5638; (R1) 1.5701; More… Sideway consolidation continues in EUR/AUD and intraday bias remains neutral first. In case of another fall, downside should be contained by 55 day EMA (now at Read more…
Daily Pivots: (S1) 0.9841; (P) 0.9875; (R1) 0.9894; More…. EUR/CHF is still bounded in consolidation pattern from 0.9953 and intraday bias remains neutral. On the upside, firm break of 0.9953 resistance will resume larger rally Read more…
Short term Elliott Wave View in Oil (CL) suggests that the cycle from 6.13.2022 high is in progress as a 5 waves impulse. Down from 6.13.2022 high, wave (1) ended at 76.25 and rally in Read more…
Equities extend the downside recovery, following the failure to clear an important year-to-date resistance last week, which was the S&P500’s year-to-date descending channel top at around the 4080 level. The index cleared the first bearish Read more…
Market movers today Today we get German industrial production data for October. Consensus is looking for a 0.6% m/m drop compared to a similar increase in September. Final Q3 GDP data from the euro area Read more…
Credit: Oliver Cragg / Android Authority Apple has reportedly started work on a 20-inch foldable device. This could be a Macbook with a folding screen. Apple would join Asus and Lenovo in offering a PC Read more…