Bulls are taking a breather for consolidation after advancing 2.7% in past two days (Friday’s rally was the biggest daily gain since June 2016). Initial strong bullish signal was generated on Friday’s close above thick Read more…
SNB Chairman Thomas Jordan, said in a conference, “In an environment such as the one we face today, mixed signals on the persistence of inflation might tempt policymakers to postpone further reaction to inflationary pressures Read more…
ECB Vice President Luis de Guindos said in an interview, “we will continue raising rates to a level that ensures inflation will come back into line with our definition of price stability”. The level will Read more…
Daily Pivots: (S1) 1.3454; (P) 1.3503; (R1) 1.3541; More…. Intraday bias in USD/CAD remains on the downside for the moment. A head and should top pattern (1.3832; h: 1.3976; rs: 1.3807) should be formed already. Read more…
Daily Pivots: (S1) 0.6428; (P) 0.6460; (R1) 0.6512; More… Intraday bias in AUD/USD stays neutral for the moment. On the upside, decisive break of 0.6521 resistance will now complete a head and shoulder bottom pattern Read more…
Daily Pivots: (S1) 0.9939; (P) 0.9987; (R1) 1.0068; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, firm break of 1.0092 will resume the rebound from 0.9534. Next target is 1.0368 Read more…
Daily Pivots: (S1) 1.1356; (P) 1.1449; (R1) 1.1607; More… Intraday bias in GBP/USD stays neutral at this point. On the upside, break of 1.1644 will resume the whole rise from 1.0351 and target 1.1759/2292 resistance Read more…
Daily Pivots: (S1) 146.02; (P) 147.21; (R1) 147.86; More… Intraday bias in USD/JPY stays neutral as consolidation from 151.93 is still extending. In case of deeper fall, downside should be contained by 38.2% retracement of Read more…
The Dow Jones 30 rallies as Republicans are favoured to win the midterm elections. The index slowed down near 33000, at the start of a sell-off in late August. Profit-taking was not enough to drive Read more…
The euro steadies as a survey showed that investor morale in the euro zone improved. A sharp rise is a sign of short-covering and a close above the supply zone around 0.8760 may have eased Read more…