Daily Pivots: (S1) 1.3588; (P) 1.3636; (R1) 1.3674; More… Intraday bias in USD/CAD remains on the downside for the moment. Fall from 1.3965 should target a retest of 1.3480 low. Firm break there will resume Read more…
Daily Pivots: (S1) 0.7145; (P) 0.7172; (R1) 0.7214; More… AUD/USD is extending consolidations below 0.7221 and intraday bias remains neutral. On the upside, firm break of 0.7221 will extend larger up trend to 61.8% projection Read more…
Daily Pivots: (S1) 1.1691; (P) 1.1724; (R1) 1.1755; More…. Intraday bias in EUR/USD remains neutral as consolidations continue below 1.1848. Further rally is expected with 1.1662 support intact. On the upside, sustained trading above 61.8% Read more…
Daily Pivots: (S1) 1.3500; (P) 1.3539; (R1) 1.3572; More… GBP/USD is extending consolidations from 1.3598 and intraday bias remains neutral. Further rise is expected as long as 1.3446 support holds. On the upside, firm break Read more…
Daily Pivots: (S1) 0.7833; (P) 0.7853; (R1) 0.7876; More…. USD/CHF’s rebound from 0.7774 accelerates higher today, but stays below 0.7933 resistance. Intraday bias remains neutral first. On the downside, below 0.7830 will turn bias to Read more…
Markets This week is packed with multiple high profile market topics including policy meetings of the major central banks, earnings from multiple tech majors and a several key data series including, especially in current context, Read more…
The week started on a cautious note as no major progress was made on Middle East peace negotiations. Tensions remain elevated, keeping oil prices under upward pressure. Germany’s Chancellor Friedrich Merz, angered by the prolonged Read more…
Daily Pivots: (S1) 159.12; (P) 159.39; (R1) 159.68; More… USD/JPY weakens slightly today but overall outlook is unchanged. Consolidations from 160.45 is still extending and intraday bias remains neutral. Further rise is expected with 157.49 Read more…
Yen strengthened broadly after the Bank of Japan’s hawkish hold, but gains are likely to be short-lived as markets question how far tightening can go. While the shift reinforces expectations for a near-term rate hike, Read more…
IonQ Inc. (IONQ) has seen its stock climb 60% in the past month, which is forcing investors to take a closer look at what is actually driving the move. Wedbush Securities is leaning into the Read more…