A chaotic trading session yesterday saw a couple of major price levels broken. Crude oil fell below the $100pb support, the EURUSD sank below 1.03, Cable slipped below 1.20, gold tanked to $1763 an ounce, Read more…
Daily Pivots: (S1) 1.2887; (P) 1.2986; (R1) 1.3127; More… Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.3077 and sustained trading above 1.3022 fibonacci level will carry larger bullish Read more…
Daily Pivots: (S1) 0.6742; (P) 0.6818; (R1) 0.6875; More… Intraday bias in AUD/USD remains neutral as range trading continues. Strong support could still be seen from 0.6756/60 cluster support to complete the whole correction from Read more…
Daily Pivots: (S1) 135.48; (P) 135.92; (R1) 136.31; More… Intraday bias and USD/JPY remains neutral at this point. On the downside, break of 134.25 support will confirm short term topping at 136.99. Considering bearish divergence Read more…
Daily Pivots: (S1) 0.9618; (P) 0.9662; (R1) 0.9730; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the upside, break of 0.9731 will argue that the consolidation from 1.0063 has completed and Read more…
Daily Pivots: (S1) 1.0406; (P) 1.0435 (R1) 1.0452; More… Intraday bias in EUR/USD remains on the downside at this point. Current down trend should target 1.0090 long term projection level. On the upside, above 1.0358 Read more…
Daily Pivots: (S1) 1.1862; (P) 1.1993; (R1) 1.2088; More… Intraday bias in GBP/USD remains on the downside as medium term down trend is in progress. Next near term target is 100% projection of 1.2666 to Read more…
Recession fear is currently the main theme in the markets, with Euro and Sterling hardest hit in the currency markets. Canadian Dollar is somewhat a distant third weakest, as dragged down by oil prices. Nevertheless, Read more…
Oil prices tumbled sharply this week, together with some commodities, on as recession fears mounted. WTI crude oil price have briefly breached 100 handle and remains soft. Technically, the fall in oil price is not Read more…
BoE MPC member Silvana Tenreyro said “I wouldn’t expect the effect of the unwind, of QT (quantitative tightening), to have a material impact on the economy. So far our experience with the beginning of the Read more…