Market movers today The most important data releases today will be the Euro Area Sentiment indicators for May, as well as the German and Spanish flash CPIs. They will both give an early sense of Read more…
Asian markets are mostly positive this morning as Shanghai announced a raft of stimulus measures and both Shanghai and Beijing eased Covid-19 restrictions. The devil is in the detail of course, and corkers in both Read more…
Daily Pivots: (S1) 160.04; (P) 160.35; (R1) 160.87; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 155.57 will extend the correction towards 150.96 key structural support. Nevertheless, on Read more…
Daily Pivots: (S1) 135.94; (P) 136.33; (R1) 136.82; More…. Intraday bias in EUR/JPY stays neutral at this point. Corrective pattern from 139.99 could still extend. On the downside, break of 132.63 will target 61.8% retracement Read more…
Daily Pivots: (S1) 0.8477; (P) 0.8500; (R1) 0.8519; More… Intraday bias in EUR/GBP stays neutral and outlook is unchanged. Further rally is in favor with 0.8365 support intact. On the upside, break of 0.8617 will Read more…
Daily Pivots: (S1) 1.4921; (P) 1.5031; (R1) 1.5100; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. Break of 1.4882 support will reaffirm that case that corrective rebound from 1.4318 has completed at Read more…
Daily Pivots: (S1) 1.0232; (P) 1.0275; (R1) 1.0317; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. Further fall is expected with 1.0359 resistance intact. On the downside, below 1.0228 will reaffirm the Read more…
Daily Pivots: (S1) 1.0699; (P) 1.0732 (R1) 1.0767; More… EUR/USD’s rebound from 1.0348 is still in progress and intraday bias stays on the upside. Sustained trading above 55 day EMA (now at 1.0757) will target Read more…
Daily Pivots: (S1) 126.78; (P) 127.01; (R1) 127.35; More… No change in USD/JPY’s outlook as correction from 131.34 is extending. Deeper decline could be seen but downside should be contained by 125.09 cluster support (38.2% Read more…
Daily Pivots: (S1) 1.2567; (P) 1.2594; (R1) 1.2636; More… Intraday bias in GBP/USD remains on the upside as rise from 1.2154 is in progress for 55 day EMA (now at 1.2756). Sustained break there will Read more…