US stocks made some gains on Tuesday as investors continued focusing on the upcoming Fed decision. The Dow Jones rose by over 300 points while the Nasdaq 100 and S&P 500 indices added over 0.50%. Read more…
Money markets have fully priced in a 50 basis-point hike by the FOMC at its meeting today. Anything else could send shockwaves across asset classes. The announcement of a start date to the Fed’s quantitative Read more…
Eurozone PMI Services was finalized at 57.7 in April, up from March’s 55.6, an 8-month high. PMI Composite was finalized at 55.8, up from March’s 54.9, a 7-month high. Looking at some member states, France Read more…
Daily Pivots: (S1) 162.17; (P) 162.80; (R1) 163.23; More… Intraday bias in GBP/JPY remains neutral for the moment. Corrective pattern from 168.40 could extend further. In case of another fall, downside should be contained by Read more…
Daily Pivots: (S1) 136.55; (P) 136.96; (R1) 137.37; More…. Intraday bias in EUR/JPY remains neutral as consolidation from 139.99 is still extending. Downside of retreat should be contained by 38.2% retracement of 124.37 to 139.99 Read more…
Daily Pivots: (S1) 0.8385; (P) 0.8408; (R1) 0.8444; More… Range trading continues in EUR/GBP and intraday bias remains neutral at this point. On the upside, above 0.8465 will turn focus back to 0.8511 resistance intact. Read more…
Daily Pivots: (S1) 1.4730; (P) 1.4824; (R1) 1.4925; More… Intraday bias in EUR/AUD remains neutral as range trading continues. On the upside, break of 1.5053 will resume the rebound from 1.4318 to target 61.8% retracement Read more…
Daily Pivots: (S1) 1.0265; (P) 1.0290; (R1) 1.0325; More…. Intraday bias in EUR/CHF remains mildly on the upside for for 1.0369/0400 resistance zone. Firm break there will resume the rebound from 0.9970 to 1.0610 structural Read more…
Daily Pivots: (S1) 1.0481; (P) 1.0530 (R1) 1.0567; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0470 is still extending. Upside of recovery should be limited by 1.0756 support turned resistance to bring Read more…
Daily Pivots: (S1) 1.2454; (P) 1.2511; (R1) 1.2550; More… GBP/USD is staying in consolidation from 1.2410 and intraday bias remains neutral for the moment. In case of stronger recovery, upside should be limited below 1.2999 Read more…