In focus today All focus this morning is on the escalating situation in the Middle East and the impact on energy prices. It is a fluid situation, and investors will monitor the news flow communication Read more…
It’s happening. US crude just hit $120 per barrel at the open before retreating to around $107 by the time I came to my desk, while Brent crude peaked at $113 per barrel before retreating Read more…
Daily Pivots: (S1) 1.3532; (P) 1.3607; (R1) 1.3649; More… Intraday bias in USD/CAD remains mildly on the downside at this point. Consolidation pattern from 1.3480 could have completed at 1.3751, after hitting 55 D EMA Read more…
Daily Pivots: (S1) 0.6985; (P) 0.7016; (R1) 0.7056; More… No change in AUD/USD’s outlook as consolidations continue. Initial bias remains neutral at this point. Outlook stays bullish with 0.6896 support intact. On the upside, break Read more…
Daily Pivots: (S1) 157.42; (P) 157.76; (R1) 158.13; More… USD/JPY’s rally from 152.25 continues today and intraday bias stays on the upside for 159.44 resistance. Decisive break there will target 161.94 high next. On the Read more…
Daily Pivots: (S1) 0.7781; (P) 0.7810; (R1) 0.7838; More…. Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.7671 support will revive near term bearishness and bring retest of 0.7603 Read more…
Daily Pivots: (S1) 1.3333; (P) 1.3372; (R1) 1.3431; More… Range trading continues in GBP/USD above 1.3252 and intraday bias remains neutral. Risk will stay on the downside as long as 1.3574 resistance holds, in case Read more…
Daily Pivots: (S1) 1.1563; (P) 1.1594; (R1) 1.1641; More…. Intraday bias in EUR/USD is back on the downside with breach of 1.1529 temporary low today. Fall from 1.2081 is resuming and should target 38.2% retracement Read more…
Asian markets endured a severe sell-off today as the escalating conflict in the Middle East drove a dramatic surge in global energy prices. Brent and WTI crude both surged toward the 120 per barrel mark, Read more…
As we head into this volatile week, the economic calendar is being viewed through a “dual-lens”: the cold, hard data from February (pre-war) versus the reality of $110+ oil prices and the de facto closure Read more…