The US dollar retreats as traders take profits over a crowded trade. The RSI’s oversold situation on the daily chart shows exhaustion past parity and the dollar could use some breathing room. As the bias Read more…
Hallelujah! The Bank of England (BoE) jumped in the UK’s shattered sovereign market to buy long-term UK bonds yesterday, because apparently, they have been warned that collateral calls on Wednesday afternoon could force investors to Read more…
Market movers today Aside from the ongoing focus on the developments in the UK and the tensions against Russia, markets will look out for the German flash inflation figures for September ahead of the Euro Read more…
USD/JPY: On the H4 chart, price has pushed through very strongly through the 1st support at 142.574 where the 78.6% Fibonacci line lies. Price has tapped and tried to break through the 1st resistance multiple Read more…
Daily Pivots: (S1) 153.98; (P) 155.53; (R1) 158.50; More… GBP/JPY is staying in consolidation from 148.93 and intraday bias remains neutral. For now, risk will stay on the downside as long as 160.64 support turned Read more…
Daily Pivots: (S1) 138.78; (P) 139.59; (R1) 141.12; More…. EUR/JPY’s consolidation from 1 37.32 is still in progress and intraday bias stays neutral. On the downside, break of 137.32 will resume the decline from 145.62 Read more…
Daily Pivots: (S1) 0.8840; (P) 0.8953; (R1) 0.9053; More… EUR/GBP’s consolidation from 0.9267 is still extending and intraday bias stays neutral. Further rally is expected as long as 0.8720 resistance turned support holds. Above 0.9267 Read more…
Daily Pivots: (S1) 1.4844; (P) 1.4924; (R1) 1.5005; More… Intraday bias in EUR/AUD stays mildly on the upside for the moment. Current rebound form 1.4281 should target 61.8% projection of 1.4281 to 1.4965 from 1.4716 Read more…
Daily Pivots: (S1) 0.9450; (P) 0.9488; (R1) 0.9540; More…. EUR/CHF is staying in consolidation from 0.9470 and intraday bias remains neutral at this point. Outlook remains bearish with 0.9712 resistance intact. Break of 0.9407 will Read more…
Daily Pivots: (S1) 0.9600; (P) 0.9675; (R1) 0.9814; More… Intraday bias in EUR/USD is turned neutral again with current recovery. Some consolidations could be seen but upside should be limited by 0.9863 support turned resistance Read more…