The weekend was marked by tensions between the US, Israel, and Iran, leading to hundreds of explosions targeting broader Middle East countries as well, including the UAE, Saudi Arabia, Qatar, Bahrain and Kuwait. The flare-up Read more…
Daily Pivots: (S1) 0.7092; (P) 0.7112; (R1) 0.7137; More… Range trading continues in AUD/USD and intraday bias stays neutral at this point. Further rise is expected with 0.6896 support intact. On the upside, firm break Read more…
Daily Pivots: (S1) 1.3615; (P) 1.3652; (R1) 1.3678; More… Intraday bias in USD/CAD remains neutral for the moment. Outlook is unchanged that price actions from 1.3480 are forming a consolidation pattern. Upside should be limited Read more…
Daily Pivots: (S1) 209.92; (P) 210.38; (R1) 210.96; More… Intraday bias in GBP/JPY stays neutral at this point. Corrective fall from 214.98 should have completed at 207.20 already. On the upside, above 212.10 will resume Read more…
Daily Pivots: (S1) 183.89; (P) 184.22; (R1) 184.75; More… Intraday bias in EUR/JPY remains neutral and some sideway trading could be seen below 184.75. On the upside, break of 184.75 will target 186.86 high. Firm Read more…
Daily Pivots: (S1) 0.8718; (P) 0.8738; (R1) 0.8769; More… Intraday bias in EUR/GBP remains on the upside as rise from 0.8611 is in progress for retesting 0.8863 high. Decisive break there will confirm up trend Read more…
Daily Pivots: (S1) 1.6567; (P) 1.6604; (R1) 1.6647; More… Further decline is expected in EUR/AUD with 1.6830 resistance intact, despite some loss of downside momentum. Current fall should continue to 138.2% projection of 1.8554 to Read more…
In focus today In the US, the ISM manufacturing index for February will be released today. January’s reading of 52.6 surprised to the upside, driven by a rise in new orders, indicating stronger final demand. Read more…
Daily Pivots: (S1) 0.9052; (P) 0.9097; (R1) 0.9133; More…. EUR/CHF’s fall continues today and intraday bias remains on the downside. Current down trend should target 61.8% projection of 0.9347 to 0.9092 from 0.9149 at 0.8991 Read more…
Markets opened the week with a clear but measured risk-off tone following dramatic escalation in Middle East tensions over the weekend. While safe-haven flows were evident in Asia, price action so far remains contained rather Read more…