EUR/USD The consolidation of the EUR/USD continued in the early hours of today’s trading session and the pair is still locked in the zone between 1.0114 – 1.0272, as neither the bears, nor the bulls Read more…
The Dow Jones 30 rallies over expectations of slowing inflation. The index has found support in the former supply zone around 31700, which indicates the bulls’ strong commitment in extending the current recovery. As the Read more…
The Japanese yen bounces back as profit-taking turns into a short squeeze. A break below 137.00 has triggered a new round of sell-off, invalidating the July rebound in the process. 135.00 at the origin of Read more…
The Canadian dollar consolidated after Canada’s GDP showed signs of slowing down in May. A series of lower lows and a fall below the daily support at 1.2840 further weighed on short-term sentiment. A bearish Read more…
Markets Europe took center stage on Friday. July inflation jumped to 8.9% y/y (8.7% expected) and core inflation hit the 4% mark. Growth in the second quarter also surprised to the upside, expanding 0.7% q/q Read more…
Key Highlights EUR/USD started an upside correction above 1.0180. GBP/USD gained pace and broke the 1.2050 resistance. Gold price started a fresh increase above the $1,740 resistance. The US ISM Manufacturing PMI could decline from Read more…
Daily Pivots: (S1) 132.27; (P) 133.47; (R1) 134.44; More… USD/JPY’s fall from 139.37 continues today and intraday bias remains on the downside. Deep fall should be seen to 131.34 resistance turned support and below. But Read more…
Daily Pivots: (S1) 0.9480; (P) 0.9537; (R1) 0.9572; More… Further decline could be seen in USD/CHF. But price actions from 1.0063 high are still viewed as a consolidation pattern. Hence, strong support should be seen Read more…
Daily Pivots: (S1) 1.2078; (P) 1.2162; (R1) 1.2261; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.2244 temporary top. On the upside, break of 1.2244 will resume the rebound from 1.1759 for 1.2405 Read more…
Daily Pivots: (S1) 1.0164; (P) 1.0209; (R1) 1.0272; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the upside, above 1.0277 minor resistance will target 1.0348 resistance first. Break there will target Read more…