Daily Pivots: (S1) 0.9531; (P) 0.9575; (R1) 0.9608; More… Intraday bias in USD/CHF stays neutral first. Fall from 1.0048 is still seen as the third leg of the consolidation pattern from 1.0063. Strong support should Read more…
Daily Pivots: (S1) 134.82; (P) 135.18; (R1) 135.85; More… USD/JPY is still extending the consolidation from 136.70 and intraday bias remains neutral. Another dip cannot be ruled out, but downside should be contained above 131.48 Read more…
Daily Pivots: (S1) 0.6902; (P) 0.6930; (R1) 0.6953; More… Intraday bias in AUD/USD remains neutral as sideway consolidation continues. On the downside, firm break of 0.6828 support will resume larger fall from 0.8006. Next target Read more…
Markets European stock markets still opened strong, but gradually lost last week’s vigor as the trading session got going. US stocks eventually closed 0.2% (Dow) to 0.7% (Nasdaq) lower. The same gravity law applied again Read more…
EUR/USD On the first day of the trading week, the euro managed to extend the uptrend, which started in the middle of this month. With the opening of the European session, the bulls managed to Read more…
EURJPY has posted a double top around the more-than-seven-year high of 144.25 over the last couple of weeks. The MACD oscillator is extending its positive momentum above its trigger and zero lines; however, the RSI Read more…
Market movers today The highlight for markets today will be ECB President Lagarde’s speech at the Sintra Forum at 10:00 CET and focus will be on any hints about the new anti-fragmentation tool. Conclusions from Read more…
Optimism didn’t last long yesterday, and the market mood turned rapidly sour, as the news flow was not pointing at sustained gains anyway! Oil and commodity prices rebounded with the escalation of tensions in Ukraine. Read more…
Germany Gfk consumer sentiment. for July dropped from -26.2 to -27.4, better than expectation of -27.7. But that’s nonetheless another record low since 1991. In June, economic expectations dropped from -9.3 to -11.7. Consumers continue Read more…
Daily Pivots: (S1) 1.2854; (P) 1.2885; (R1) 1.2906; More… Break of 1.2859 minor support suggest that deeper correction is underway in USD/CAD. Intraday bias is back on the downside for 55 day EMA (now at Read more…