Cable starts the week in a quiet mode and holding within a narrow range above 1.1053 (Fibo 38.2% of 1.0348/1.1489 upleg / last Friday’s low) where the strong fall in past three days found temporary Read more…
In the long term, the EURUSD currency seems to be forming a bearish cycle impulse, which consists of five main sub-waves I-II-III-IV-V. Most likely, the cycle impulse sub-wave III was fully completed, after which the Read more…
ECB Governing Council member Francois Villeroy de Galhau said the central bank is engaged in bringing down inflation to 2% target in “two to three years” time. “It is a very strong signal the central Read more…
Eurozone Sentix investor confidence dropped from -31.8 to -38.3 in October, lowest since May 2020. Current situation index dropped from -26.5 to -35.3, worst since August 2020. Expectations index dropped from -37.0 to -41.0, lowest Read more…
Daily Pivots: (S1) 160.46; (P) 161.53; (R1) 162.28; More… Intraday bias in GBP/JPY remains neutral first. While further rise could be seen, strong resistance might be seen from 169.10 high to limit upside, at least Read more…
Daily Pivots: (S1) 141.14; (P) 141.68; (R1) 142.14; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the downside, break of 140.77 minor support will turn bias back to the downside, to extend Read more…
Daily Pivots: (S1) 0.8744; (P) 0.8776; (R1) 0.8815; More… Intraday bias in EUR/GBP remains neutral first. On the downside, sustained trading below 55 day EMA (now at 0.8656) will extend the fall from 0.9267 (as Read more…
Daily Pivots: (S1) 1.5253; (P) 1.5286; (R1) 1.5344; More… Intraday bias in EUR/AUD stays neutral first and further rally is expected with 1.5047 support intact. Firm break of 1.5416 will carry larger bullish implication. Next Read more…
Daily Pivots: (S1) 0.9669; (P) 0.9693; (R1) 0.9708; More…. Intraday bias in EUR/CHF stays neutral first. On the upside, above 0.9798 will resume the rebound to 0.9864 resistance. Firm break there will solidify the case Read more…
Gold prices are continuing the decline from the 1,730 resistance level, dropping back below the long-term descending trend line. In trend indicators, the 20- and 50-day simple moving averages (SMAs) are acting as support and Read more…