Markets The second half of last week was marked by a hawkish market repositioning with regard to the timing and the number of future ECB rate hikes. Several ECB governors broke ranks with President Lagarde’s Read more…
Daily Pivots: (S1) 1.0763; (P) 1.0808 (R1) 1.0843; More… EUR/USD’s down trend finally resumes by breaking 1.0756 today. Intraday bias is now back on the downside. Next target is 100% projection of 1.1494 to 1.0805 Read more…
Daily Pivots: (S1) 1.2763; (P) 1.2899; (R1) 1.2976; More… GBP/USD’s down trend continues today and intraday bias stays on the downside. Next target is 100% projection of 1.3641 to 1.2999 from 1.3297 at 1.2655 On Read more…
Daily Pivots: (S1) 0.9534; (P) 0.9564; (R1) 0.9599; More…. Intraday bias in USD/CHF remains on the upside for the moment. Sustained break of 0.9591 medium term projection level will pave the way to next at Read more…
Daily Pivots: (S1) 127.83; (P) 128.47; (R1) 129.20; More… USD/JPY is extending the consolidation from 129.39 and intraday bias remains neutral. Deeper retreat cannot be ruled out, but downside should be contained above 125.09 resistance Read more…
Daily Pivots: (S1) 1.2610; (P) 1.2668; (R1) 1.2768; More… Intraday bias in USD/CAD remains on the upside for the moment. Rebound from 1.2401 is still in progress and should target 1.2899 resistance next. On the Read more…
Daily Pivots: (S1) 0.7193; (P) 0.7286; (R1) 0.7338; More… Intraday bias in AUD/USD remains on the downside with focus on 0.7164 support. Decisive break there will confirm that whole rebound from 0.6966 has completed at Read more…
Risk aversion dominates the markets in Asia with concerns on more tough lockdowns in China, including the capital city of Beijing. Dollar jumps broadly higher, with Yen and Swiss Franc as distant second and third. Read more…
DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance at 101.790 where the 127.2% Fibonacci extension and swing Read more…
Ethereum follows broad based risk-off sentiment lower today and dips to as low as 2838.30 so far. The development is in-line with the view that corrective pattern from 2157.05 has completed with three waves up Read more…