Daily Pivots: (S1) 1.1866; (P) 1.1950; (R1) 1.2036; More… Intraday bias in GBP/USD remains neutral with focus on 1.2055 minor resistance. Firm break there will confirm short term bottoming at 1.1759. Bias will be turned Read more…
Daily Pivots: (S1) 0.9740; (P) 0.9765; (R1) 0.9799; More… Intraday bias in USD/CHF remains mildly on the downside at this point. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Read more…
Daily Pivots: (S1) 138.20; (P) 138.67; (R1) 138.94; More… USD/JPY is staying in consolidation from 139.37 and intraday bias remains neutral first. Downside of retreat should be contained by 134.73 support. On the upside, break Read more…
Daily Pivots: (S1) 1.2914; (P) 1.2970; (R1) 1.3040; More… Intraday bias in USD/CAD remains mildly on the downside at this point. Fall from 1.3222 short term top would target 1.2818 support first. Firm break there Read more…
GBPUSD is showing signs of being positive in the short run, after gaining ground on Thursday and breaking over its 28-month low of 1.1760. The technical indicators are pointing upwards as the RSI is on Read more…
The Dow Jones 30 fell back after major financial stocks reported lower profits in the second quarter. A rally back above the 30-day moving average near 31500 indicates solid interest in keeping the index steady. Read more…
Oil markets rallied as Saudi Arabia did not yield to pressure from US President Biden’s to boost supply. A fall below the psychological level of 100.00 and a bearish MA cross on the daily chart Read more…
The Australian dollar finds support from upbeat RBA meeting minutes. A break above 0.6790 has prompted some sellers to cover their bets, easing the downward pressure for now. The former resistance has turned into a Read more…
EUR/USD During yesterday’s trading session, the bulls’ attack was thwarted around the resistance level at 1.0186. The buyers lost their momentum and the bears in turn took control over the market, paving their way towards Read more…
Markets Especially European markets yesterday showed a remarkable risk-on mood despite multiple event risks (ECB meeting, Italian political crisis, Russian gas supply to Europe, EMU PMI’s) looming large over the next days. Several (also hawkish) Read more…