Daily Pivots: (S1) 1.5061; (P) 1.5170; (R1) 1.5253; More… Intraday bias in EUR/AUD remains neutral for the moment, with focus on 1.5354 cluster resistance (100% projection of 1.4318 to 1.5053 from 1.4597 at 1.5332. Rejection Read more…
Daily Pivots: (S1) 1.0358; (P) 1.0418; (R1) 1.0472; More…. EUR/CHF recovered after drawing support from 1.0369 resistance turned support. Intraday bias remains neutral first and further rise could still be seen. On the upside sustained Read more…
GBPJPY is trying to heal its wounds after Thursday’s brutal sell-off cut 1.6% of its value and neutralized its long-term outlook back below the key 158.00 former resistance area. The RSI is looking for a Read more…
EUR/USD After the breach of the support at 1.0482 yesterday, the European common currency lost quite a bit of ground against the dollar and the pair tested the lower level of support at 1.0364. During Read more…
Markets The fall-out from yesterday’s risk-off session was most apparent on core bond yields and the euro. The former declined 3 (30y) to 7.8 (2y) bps in the US. Bunds outperformed strongly, shedding more than Read more…
EUR/USD came very close to breaking the 2017 yesterday, which would have taken it to its lowest level since December 2019. Asian Indices: Australia’s ASX 200 index rose by 119.8 points (1.73%) and currently trades Read more…
Thursday has been another hectic trading session, the European stocks opened significantly lower, but losses melted throughout the day, and the Euro Stoxx recorded less than 1% drop at the close. The FTSE index fell Read more…
The Nasdaq 100 struggles to find bottom as investors continue to flee risk assets. The index sees no sign of stabilisation yet as it approaches 11500. The price action has been capped by a falling Read more…
The New Zealand dollar tumbles as traders continue to pile into safe haven assets. The sell-off accelerated after the pair sank below June 2020’s lows near 0.6400. Downbeat sentiment may attract more trend followers after Read more…
The pound remained under pressure after a slowdown in the UK’s GDP growth in Q1. A break below the lower range (1.2260) of a brief consolidation signalled a bearish continuation. Sterling is heading towards its Read more…