EURJPY gained little this week and remained above the 20-day simple moving average (SMA). The price is finding strong resistance obstacle near the 138.00 psychological mark and any advances above this critical level would endorse Read more…
Markets Bond markets are in a schizophrenic state of mind these days. Core bond yields surge at one occasion, bracing for super aggressive tightening cycles by the likes of the Fed but tumble at another Read more…
The selloff in stocks, bonds, and Bitcoin deepened on Monday. Even commodities sank and crude oil tumbled more than 8% on the back of mounting worries of a seriously tighter, and potentially ineffective Federal Reserve Read more…
Market movers today We expect another leap higher in inflation in both Denmark and Norway, see more below. In Germany, we will keep a close eye on ZEW expectations for May. A rebound from the Read more…
Daily Pivots: (S1) 1.0506; (P) 1.0549 (R1) 1.0604; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. In case of another recovery, upside should be limited by 1.0756 support turned resistance to bring Read more…
Daily Pivots: (S1) 1.2259; (P) 1.2333; (R1) 1.2403; More… Intraday bias in GBP/USD remains neutral for the moment. Some consolidations could be seen but upside of recovery should be limited by 1.2637 resistance to bring Read more…
Daily Pivots: (S1) 0.9879; (P) 0.9922; (R1) 0.9983; More…. Intraday bias in USD/CHF remains on the upside despite some loss of momentum. Further rally should be seen to 261.8% projection of 0.9149 to 0.9459 from Read more…
Daily Pivots: (S1) 129.85; (P) 130.60; (R1) 131.08; More… Intraday bias in USD/JPY is turned neutral again as it retreated quickly after hitting 131.34. Further is expected as long as 128.61 support holds. Above 131.34 Read more…
Daily Pivots: (S1) 0.6905; (P) 0.6988; (R1) 0.7032; More… AUD/USD’s break of 0.6966 low confirms resumption of whole corrective pattern from 0.8006. Intraday bias stays on the downside for 0.6756 medium term fibonacci level next. Read more…
Daily Pivots: (S1) 1.2940; (P) 1.2978; (R1) 1.3053; More… USD/CAD’s rally continued and met 1.3022 fibonacci level already. There is no sign of topping yet and intraday bias stays on the upside. Sustained break of Read more…