EUR/USD After the breach of the support at 1.0482 yesterday, the European common currency lost quite a bit of ground against the dollar and the pair tested the lower level of support at 1.0364. During Read more…
Markets The fall-out from yesterday’s risk-off session was most apparent on core bond yields and the euro. The former declined 3 (30y) to 7.8 (2y) bps in the US. Bunds outperformed strongly, shedding more than Read more…
EUR/USD came very close to breaking the 2017 yesterday, which would have taken it to its lowest level since December 2019. Asian Indices: Australia’s ASX 200 index rose by 119.8 points (1.73%) and currently trades Read more…
Thursday has been another hectic trading session, the European stocks opened significantly lower, but losses melted throughout the day, and the Euro Stoxx recorded less than 1% drop at the close. The FTSE index fell Read more…
The Nasdaq 100 struggles to find bottom as investors continue to flee risk assets. The index sees no sign of stabilisation yet as it approaches 11500. The price action has been capped by a falling Read more…
The New Zealand dollar tumbles as traders continue to pile into safe haven assets. The sell-off accelerated after the pair sank below June 2020’s lows near 0.6400. Downbeat sentiment may attract more trend followers after Read more…
The pound remained under pressure after a slowdown in the UK’s GDP growth in Q1. A break below the lower range (1.2260) of a brief consolidation signalled a bearish continuation. Sterling is heading towards its Read more…
Daily Pivots: (S1) 1.0313; (P) 1.0421 (R1) 1.0488; More… Intraday bias in EUR/USD stays on the downside for the moment. Decisive break of 1.0339 long term support will carry larger bearish implication and target 161.8% Read more…
Daily Pivots: (S1) 1.2158; (P) 1.2207; (R1) 1.2248; More… GBP/USD’s decline is still in progress and intraday bias stays on the downside. Current down trend should target 200% projection of 1.3641 to 1.2999 from 1.3297 Read more…
Daily Pivots: (S1) 0.9956; (P) 1.0003; (R1) 1.0076; More…. USD/CHF’s rise continues today and there is no sign of topping after breaking 261.8% projection of 0.9149 to 0.9459 from 0.9193 at 1.0005. Intraday bias stays Read more…