The big question after Friday’s stock-market rally was how stocks might open on Monday. The short answer seems to be: Higher. Does that mean the selling frenzy that hit stocks this past week is over? Read more…
Markets Dip buyers emerged on stock markets as key indices tested crucial support levels (combination of October lows & 100d moving average; both for the likes of EuroStoxx50 and S&P 500/Nasdaq). We must add that Read more…
The week opens on a cautious note after last week’s Nvidia earnings didn’t really go according to plan. Swelling inventories and deferred payments raised concerns about the strength of Nvidia’s revenue and added to worries Read more…
In focus this week Today in Germany, we receive the Ifo indicator for November. The PMI released on Friday surprised on the downside, although this mainly seems like an “adjustment” from very high numbers in Read more…
Daily Pivots: (S1) 1.1485; (P) 1.1519; (R1) 1.1547; More… Intraday bias in EUR/USD remains mildly on the downside for 1.1467. Firm break there will resume the whole decline from 1.1917 high. Next targets are 1.1390, Read more…
Daily Pivots: (S1) 155.90; (P) 156.72; (R1) 157.24; More… USD/JPY is staying in consolidations below 157.88 and intraday bias remains neutral. Downside of retreat should be contained by 154.47 resistance turned support to bring rebound. Read more…
Daily Pivots: (S1) 1.3055; (P) 1.3083; (R1) 1.3126; More… GBP/USD is still extending sideway trading above 1.3008 and intraday bias remains neutral. With 1.3247 support turned resistance intact, further decline is expected. Break of 1.3008 Read more…
Daily Pivots: (S1) 0.8047; (P) 0.8073; (R1) 0.8110; More… Intraday bias in USD/CHF stays mildly on the upside at this point. Corrective pattern from 0.7828 low is still extending. Break of 0.8123 will target 138.2% Read more…
Daily Pivots: (S1) 0.6431; (P) 0.6446; (R1) 0.6471; More… Intraday bias in AUD?USD is turned neutral first with current recovery. Further fall is expected as long as 0.6501 resistance holds. Decisive break of 0.6413 cluster Read more…
Daily Pivots: (S1) 1.4078; (P) 1.4105; (R1) 1.4127; More… Intraday bias in USD/CAD stays neutral first. On the upside decisive break of 1.4139 will resume larger rally from 1.3538 and target 61.8% retracement of 1.4791 Read more…