Daily Pivots: (S1) 161.10; (P) 162.71; (R1) 164.09; More… GBP/JPY’s fall from 168.67 is still in progress and intraday bias stays on the downside. Sustained break of 55 day EMA (now at 161.63) will bring Read more…
Daily Pivots: (S1) 140.02; (P) 140.56; (R1) 141.63; More…. Intraday in EUR/JPY neutral with current recovery. On the upside, above 141.77 minor resistance will turn bias back to the upside for retesting 144.23. On the Read more…
Daily Pivots: (S1) 0.8587; (P) 0.8651; (R1) 0.8749; More… EUR/GBP’s rally continues today and hit 0.8697 medium term fibonacci level. Intraday bias stays on the upside at this point. Sustained break above 0.8697 will carry Read more…
Daily Pivots: (S1) 1.5024; (P) 1.5105; (R1) 1.5239; More… EUR/AUD’s rise from 1.4759 is still in progress and intraday bias stays on the upside for 1.5277 resistance first. Break there will target 1.5354 support turned Read more…
Fed Funds futures have fully priced in a 75-basis point hike for today’s FOMC meeting, with policymakers expected to frontload more of its intended rate hikes in response to unrelenting inflationary pressures. Investors are dreading Read more…
Daily Pivots: (S1) 1.0365; (P) 1.0409; (R1) 1.0476; More…. Range trading continues in EUR/CHF and intraday bias remains neutral. On the upside, decisive break of 1.0513 will resume the whole rebound from 0.9970, for 1.0610 Read more…
Bitcoin was down 5.7% on Tuesday, ending the day at around $22K. The decline picked up on Wednesday morning, taking another 3.3% off the price to $21K, declining for the eighth consecutive day and losing Read more…
EURGBP is surging towards a fresh 16-month high of 0.8720, helping the market to switch to a more bullish one. The price jumped above the upper Bollinger band, which is a strong sign for more Read more…
The Gold market finally displayed some strong price movement in the past days and broke out of the sideways range it was moving within for the past several weeks. As always, a remarkable price movement Read more…
The Euro bounces in early Wednesday following announcement that ECB’s will hold an unscheduled and rare meeting regarding the turmoil in bond markets. The ECB officials will discuss the problem of sharp rise of bond Read more…