Daily Pivots: (S1) 0.8649; (P) 0.8672; (R1) 0.8695; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, firm break of 0.8720 resistance will indicate resumption of whole rise from 0.8201. Intraday Read more…
Daily Pivots: (S1) 0.9554; (P) 0.9620; (R1) 0.9655; More…. EUR/CHF’s fall from 0.9864 resumed by breaking 0.9631 and intraday bias is back on the downside. Retest of 0.9550 low should be seen first. Decisive break Read more…
NZDUSD plunged to a new 28-month low of 0.5985 during yesterday’s session after it found strong resistance near the 20-day simple moving average (SMA). The price is holding well below the Ichimoku cloud as well Read more…
The current formation of the USDCNH shows the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ, which in the long term seems to be forming a large correction IV of the cycle degree. This pattern today looks completed in Read more…
EUR/USD The Common European currency lost quite a bit of ground against the dollar and the rate dropped and tested the support zone at 0.9985. This result came after the CPI print did not align Read more…
Gold tumbled after hotter US inflation propelled the greenback across the board. The precious metal has been grinding its way up after it stabilised next to the major support 1690. Though it gave up its Read more…
The US dollar surged after consumer prices rose faster than expected last month. The euro’s rally came to a halt in the supply zone around 1.0190, then a fall below 1.0090 forced leveraged short-term long Read more…
Ouch! The US inflation data release didn’t go according to the plan yesterday. The headline figure printed 8.3% inflation in August, higher than the 8.1% expected by analysts, and happily, slightly lower than last month’s Read more…
Market movers today More focus on CPI today with inflation releases from both UK and Sweden (see below), where focus will be on the impact from high electricity prices. US releases PPI which has shown Read more…
Daily Pivots: (S1) 1.0055; (P) 1.0127; (R1) 1.0193; More… Intraday bias in EUR/USD is mildly on the downside for retesting 0.9863 low first. . Firm break there will resume larger down trend. On the upside, Read more…