The price of crude oil moved upwards after Hungary vetoed a decision by the European Union to ban almost all imports of Russian oil. The country said that banning oil from the country would lead Read more…
Daily Pivots: (S1) 162.20; (P) 162.70; (R1) 163.61; More… Intraday bias in GBP/JPY stays neutral as corrective pattern from 168.40 is extending. In case of another fall, downside should be contained by 61.8% retracement of Read more…
Daily Pivots: (S1) 136.70; (P) 137.07; (R1) 137.54; More…. EUR/JPY is still extending the consolidation from 139.99 and intraday bias remains neutral. Downside of retreat should be contained by 38.2% retracement of 124.37 to 139.99 Read more…
Daily Pivots: (S1) 0.8386; (P) 0.8418; (R1) 0.8440; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, above 0.8465 will turn focus back to 0.8511 resistance intact. Further break of 0.8511 Read more…
Daily Pivots: (S1) 0.7141; (P) 0.7204; (R1) 0.7318; More… Break of 0.7228 minor resistance suggests short term bottoming at 0.7029. Intraday bias in AUD/USD is mildly on the upside for stronger rebound to 55 day Read more…
Daily Pivots: (S1) 1.0544; (P) 1.0587 (R1) 1.0669; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0470 is still in progress. Stronger recovery cannot be ruled out. But upside should be limited by Read more…
Daily Pivots: (S1) 1.2513; (P) 1.2575; (R1) 1.2699; More… GBP/USD is still bounded in consolidation from 1.2410 and intraday bias remains neutral. Stronger rebound cannot be ruled out, but upside should be limited below 1.2999 Read more…
Daily Pivots: (S1) 0.9675; (P) 0.9763; (R1) 0.9808; More…. With current retreat, a short term top could be formed at 0.9851 in USD/CHF already, just ahead of medium term projection level at 0.9864. Intraday bias Read more…
Markets The Fed yesterday as expected raised its policy rate by 50 bps, bringing the target range to 0.75%-1.0%. More 50 bps hikes are likely in coming meetings. In a direct address to the American Read more…
The Fed raised the interest rate by 50bp for the first time since 2000 and said there will be more 50bp hikes in the coming meetings. And the major US indices rallied as the Fed Read more…