EURUSD switched to consolidation following the dip to a 5 ½-year low of 1.0470 last week, ranging quietly between the 1.0550 resistance and the 1.0497 support for the fourth consecutive day. The RSI and the Read more…
Gold prices are declining near the new two-and-a-half-month low of 1,853. The price is continuing its move lower after the pullback off the 2,000 psychological mark. If the commodity declines further, immediate support could come from the 200-day Read more…
UK PMI Manufacturing was finalized at 55.8 in April, up slightly from march’s 55.2. S&P Global said production growth improved slightly. New orders rose at slower pace as new export business retreated. Selling prices rose Read more…
After a nasty slide over the past two weeks, the Australian dollar has rebounded sharply on Tuesday. AUD/USD is trading at 0.7111 in the European session, up 0.84% on the day. RBA surprises with 0.25% Read more…
Once again, we see elevated expectations of near-term market movement, with G10 FX 1-week implied volatility at the top end of their respective 12-month ranges. Setting the scene – what to watch from the meeting Read more…
American stocks were relatively mixed on Monday as the earnings season and worries about the Federal Reserve continued. The Dow Jones declined by 60 points while the tech-heavy Nasdaq 100 index rose by 30 points. Read more…
Daily Pivots: (S1) 161.96; (P) 162.94; (R1) 163.58; More… Intraday bias in GBP/JPY stays neutral as correction from 168.40 is extending. In case of another fall, downside should be contained by 61.8% retracement of 150.95 Read more…
Daily Pivots: (S1) 136.31; (P) 136.98; (R1) 137.43; More…. Intraday bias in EUR/JPY stays neutral and consolidation from 139.99 could extend further. Downside should be contained by 38.2% retracement of 124.37 to 139.99 at 134.02 Read more…
Daily Pivots: (S1) 1.4854; (P) 1.4910; (R1) 1.4955; More… EUR/AUD is staying in range of 1.4682/5053 and intraday bias remains neutral. On the upside, break of 1.5053 will resume the rebound from 1.4318 to target Read more…
Daily Pivots: (S1) 0.8379; (P) 0.8398; (R1) 0.8429; More… Intraday bias in EUR/GBP is turned neutral again as EUR/GBP recovered after dipping to 0.8365. On the upside, above 0.8465 will turn focus back to 0.8511 Read more…