In mid-November, analysing the XNG/USD chart, we noted a rise in natural gas prices, outlined a system of trend channels, and suggested a possible pullback scenario. Indeed, since then (as indicated by the arrow), U.S. Read more…
The GBP/USD pair advanced decisively to 1.3338, marking its highest level since late October. Sterling found support from an upward revision of the UK’s November Services PMI, while the US dollar remained under broad pressure Read more…
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Daily Pivots: (S1) 206.16; (P) 206.75; (R1) 207.86; More… Intraday bias in GBP/JPY is back on the upside with breach of 207.18. Rise from 184.35 is resuming for retesting 208.09 high. Firm break there will Read more…
Daily Pivots: (S1) 180.82; (P) 181.14; (R1) 181.48; More… Intraday bias in EUR/JPY remains neutral as consolidations continues below 181.98. While deeper retreat cannot be ruled out, downside should be contained by 178.80 resistance turned Read more…
Daily Pivots: (S1) 0.8717; (P) 0.8760; (R1) 0.8784; More… EUR/GBP’s fall from 0.8863 resumed by breaking through 0.8745 and intraday bias is back on the downside. Considering bearish divergence condition in D MACD, sustained trading Read more…
Daily Pivots: (S1) 1.7647; (P) 1.7699; (R1) 1.7731; More… EUR/AUD’s fall from 1.7976 is in progress today and intraday bias stays on the downside for 1.7561 support. Firm break there should confirm that larger corrective Read more…
Daily Pivots: (S1) 0.9325; (P) 0.9335; (R1) 0.9341; More…. EUR/CHF is still bounded in consolidations below 0.9349 and intraday bias stays neutral. As noted before, fall from 0.9660 could have completed at 0.9178, on bullish Read more…
Markets US economic data yesterday all but cemented next week’s Fed rate cut expectations. The ADP job report unexpectedly showed a 32k job loss – the second worst reading since June 2020 – and wage Read more…
Daily Pivots: (S1) 1.1635; (P) 1.1657; (R1) 1.1692; More…. Intraday bias in EUR/USD remains on the upside for the moment. Fall from 1.1917 should have completed at 1.1467. Further rise should be seen to 1.1727 Read more…