EURUSD posted almost 4% of gains after the bounce off the 20-year low of 0.9530 in the preceding week, remaining within the long-term downward sloping channel. Technically, the RSI indicator is pointing upwards in the Read more…
The Dax 40 slides over the prospect of a 75 basis point hike from the ECB. A combination of a break below the critical support at 12450 and a bearish MA cross on the daily Read more…
The pound bounced back thanks to emergency BoE bond buying. The price is now at a crossroads after it recouped all the losses from the previous liquidation. Selling pressure could be expected around 1.1250 over Read more…
The euro recovers as record high inflation in September cements expectations for another large ECB rate hike. An oversold RSI on the daily chart attracted some buying interest, but this could turn out to be Read more…
EUR/USD At the end of last week, the bulls failed to consolidate the resistance breach at 0.9821, and at the time of writing, they are again moving slightly below this level and seem to be Read more…
Markets We had important inflation figures due on Friday. The price surge hit double digits in Europe while the Fed’s preferred gauge in the US (PCE (core) deflator) topped expectations too. But with the third Read more…
Daily Pivots: (S1) 0.9740; (P) 0.9797; (R1) 0.9859; More… Intraday bias in EUR/USD stays neutral at this point. Break of 0.9634 minor support will suggest that larger down trend is ready to resume. Intraday bias Read more…
Daily Pivots: (S1) 144.36; (P) 144.59; (R1) 144.96; More… Intraday bias in USD/JPY remains neutral as consolidation from 145.89 is extending. Further rally is expected as long as 139.37 resistance turned support holds. Break of Read more…
Daily Pivots: (S1) 1.1052; (P) 1.1143; (R1) 1.1260; More… Intraday bias in GBP/USD remains on the upside as rebound from 1.0351 is in progress. Further rally would be seen to 61.8% retracement of 1.2292 to Read more…
Daily Pivots: (S1) 1.5122; (P) 1.5230; (R1) 1.5424; More… Intraday bias in EUR/AUD stays on the upside for the moment. Rise from 1.4281 should target 100% projection of 1.4281 to 1.4965 from 1.4716 at 1.5400, Read more…