Yesterday was an unusual session. Asian and European markets were hammered by the escalation in the Middle East, which sent oil and gas prices sharply higher. US crude jumped more than 10% at the open, Read more…
The global market reaction to the escalating conflict in the Middle East remains remarkably fragmented. U.S. equities successfully staged a “buy-the-dip” recovery overnight after an initial selloff. Both S&P 500 and NASDAQ closed with modest Read more…
Daily Pivots: (S1) 1.1796; (P) 1.1812; (R1) 1.1834; More…. Fall from 1.2081 is in progress in EUR/USD and intraday bias stays on the downside for 1.1576 structural support. Firm break there should confirm rejection by Read more…
Daily Pivots: (S1) 156.30; (P) 157.03; (R1) 158.08; More… USD/JPY’s rally from 152.25 continues today and intraday bias remains on the upside. Further rise should be seen to retest 159.44 high. On the downside, below Read more…
Daily Pivots: (S1) 1.3329; (P) 1.3393; (R1) 1.3470; More… Intraday bias in GBP/USD stays on the downside as fall from 1.3867 is still in progress. Decisive break of 1.3342 structural support will argue that it’s Read more…
Daily Pivots: (S1) 0.7706; (P) 0.7760; (R1) 0.7848; More…. Intraday bias in USD/CHF remains neutral for the moment. Consolidations from 0.7603 could extend, but upside should be limited by 55 D EMA (now at 0.7818). Read more…
Daily Pivots: (S1) 0.7048; (P) 0.7083; (R1) 0.7129; More… AUD/USD is still bounded in sideway trading and intraday bias stays neutral. Further rise is expected with 0.6896 support intact. On the upside, firm break of Read more…
Daily Pivots: (S1) 1.3636; (P) 1.3677; (R1) 1.3718; More… No change in USD/CAD and intraday bias remains neutral. Consolidations pattern from 1.3480 could extend. But upside should be limited by 55 D EMA (now at Read more…
Daily Pivots: (S1) 209.59; (P) 210.49; (R1) 211.84; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Corrective fall from 214.98 should have completed at 207.20 already. On the upside, above 212.10 will Read more…
Daily Pivots: (S1) 183.41; (P) 184.05; (R1) 184.58; More… Intraday bias in EUR/JPY remains neutral at this point, as sideway trading continues below 184.75. On the upside, break of 184.75 will target 186.86 high. Firm Read more…