While some berated the UK government for collapsing the Pound on the government’s plans to cut taxes, others were buying the British currency. The Pound’s movement on Friday and Monday looks like a classic capitulation, Read more…
The Nasdaq 100 slips as a resilient labour market supports the Fed’s aggressive hikes. A breach below June’s low at 11100 could send the index deeper into bearish territory. The price is testing November 2020’s Read more…
The euro climbed as German inflation shot up in September. The current correction has found support at the base (137.40) of a bullish breakout in late August. This may help the six-month long rally to Read more…
The US dollar falls as GDP shows a 0.6% contraction last quarter. The pair is consolidating its gains after it rose above the double top at 0.9880. A slide below 0.9850 triggered profit-taking. Medium-term sentiment Read more…
Daily Pivots: (S1) 1.3607; (P) 1.3682; (R1) 1.3759; More… Intraday bias in USD/CAD stays neutral for consolidation below 1.3831 temporary top Downside of retreat should be contained well above 1.3222 support turned resistance to bring Read more…
Daily Pivots: (S1) 0.6449; (P) 0.6488; (R1) 0.6540; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.6362 continues. Outlook will remain bearish as long as 0.6698 support turned resistance holds. Break of 0.6362 Read more…
Daily Pivots: (S1) 144.07; (P) 144.44; (R1) 144.80; More… No change in USD/JPY’s outlook as consolidation continues below 145.89. Intraday bias remains neutral for the moment. Further rally is expected as long as 139.37 resistance Read more…
Daily Pivots: (S1) 0.9717; (P) 0.9786; (R1) 0.9823; More… Intraday bias in USD/CHF remains neutral for the moment. On the upside, above 0.9964 will resume the rally from 0.9369 to retest 1.0063 high. On the Read more…
Daily Pivots: (S1) 0.9694; (P) 0.9755; (R1) 0.9874; More… EUR/USD’s rebound from 0.9534 extends higher but stays below 0.9863 support turned resistance. Intraday bias remains neutral and larger down trend is still expected to resume Read more…
Daily Pivots: (S1) 1.0881; (P) 1.1000; (R1) 1.1238; More… GBP/USD’s rebound from 1.0351 extended higher today and the break of 4 hour 55 EMA (now at 1.1037) is a positive sign. For now, intraday bias Read more…