Daily Pivots: (S1) 121.80; (P) 122.42; (R1) 123.16; More… Intraday bias in USD/JPY stays neutral, and with 121.17 support intact, further rally is in favor. On the upside, break of 125.09 will target 161.8% projection Read more…
Daily Pivots: (S1) 1.2484; (P) 1.2512; (R1) 1.2542; More… USD/CAD is staying in consolidation from 1.2428 and intraday bias remains neutral. Outlook stays stays bearish as long as 1.2591 resistance holds. As noted before, corrective Read more…
Markets Record-high EMU inflation (7.5% Y/Y in March) and stellar US payrolls (431k; 3.6% unemployment rate) hijacked headlines last Friday. They kept the US bear flattening trend in place even if oil prices remained near Read more…
The FTSE 100 treads water dragged by weaker energy stocks. A bullish MA cross on the daily chart suggests that the index could be back on track in the medium term. The intraday direction is Read more…
Gold retreats as the US dollar finds support from a fall in the jobless rate. On the daily chart, price action still holds above the demand zone between 1890 and 1900 which is a sign Read more…
The US dollar rallied after March’s average hourly wages jumped by 5.6%. The euro came to a halt in the supply zone at the origin of the March sell-off (1.1180). A bearish RSI divergence pointed Read more…
Gold price started a fresh decline from the $1,950 zone against the US Dollar. The price broke the $1,940 support level to enter a short-term bearish zone. The price even declined below $1,925 and the Read more…
Daily Pivots: (S1) 0.7474; (P) 0.7499; (R1) 0.7526; More… Intraday bias in AUD/USD remains neutral for consolidation from 0.7539. Further rally is expected wit h 0.7372 minor support intact. On the upside, decisive break of Read more…
Overall, the financial markets are very quiet in Asian session today. Commodity currencies are trading mildly firmer in very while Swiss Franc and Yen are softer. But major pairs and crosses are stuck inside Friday’s Read more…
Whilst large speculators trimmed both long and short exposure last week, we continue to suspect gold remains in a corrective move. As of Tuesday 29th March 2022: NZD traders had flipped to net-short exposure. Large Read more…