The Australian dollar recovered after the Q4 CPI beat expectations. However, the latest rally took a bearish turn after the price slipped below 0.7170. The lack of commitment to hold onto recent gains suggests a Read more…
The sterling struggles as global markets remain risk-off. A limited rebound has fought to hold above 1.3570 and the sell-off accelerated after a bearish breakout. The pair is testing a previous low at 1.3440 which Read more…
Markets The escalated military threat of a Russian invasion in Ukraine added another dark layer over already soured risk sentiment. Main European equity indices lost around 4% with some of them now also officially in Read more…
EUR/USD During the early hours of today’s trading session, the currency pair bounced back from the resistance at 1.1330, therefore the current expectations are for the pair to head towards a test of the support Read more…
Happy ending to yesterday’s bloodbath was highly unlikely but it happened. The S&P500 and Nasdaq closed Monday’s session in the positive after having dived more than 4% within the session. Nasdaq extended losses below its Read more…
Market movers today With a light data calendar today, markets will remain in wait-and-see mode ahead of tomorrow’s FOMC meeting and monitor the Russia-Ukraine developments. After German PMIs surprised on the upside yesterday, it will Read more…
Daily Pivots: (S1) 1.1296; (P) 1.1321; (R1) 1.1350; More… Outlook is EUR/USD is unchanged and intraday bias remains neutral first. Price action from 1.1185 are seen as corrective move. Break of 1.1284 will argue that Read more…
Daily Pivots: (S1) 1.3433; (P) 1.3500; (R1) 1.3558; More… Intraday bias in GBP/USD remains on the downside at this point. Rebound from 1.3158 could have completed at 1.3748 already. More importantly, larger fall from 1.4282 Read more…
Daily Pivots: (S1) 113.63; (P) 113.82; (R1) 114.16; More… USD/JPY lost momentum ahead of 113.47 support and intraday bias is turned neutral first. As noted before, considering bearish divergence condition in in daily MACD, it’s Read more…
Daily Pivots: (S1) 0.7095; (P) 0.7142; (R1) 0.7192; More… AUD/USD recovered quickly after hitting 0.7089 and intraday bias remains neutral first. Risk will stay on the downside as long as 0.7313 resistance holds. Corrective rebound Read more…