As shown on the Dollar Index (DXY) chart, the strength of the US currency is currently hovering near an important high reached in August. Market sentiment is being influenced by: → the ongoing government shutdown, Read more…
Markets The US tech-heavy Nasdaq led the correction lower on Wall Street, ceding 2% after coming inches of a new record high on Monday. Losses for the Dow Jones (-0.5%) and S&P 500 (1.15%) were Read more…
Key takeaways Nikkei 225 correction: The index fell 6.6% from its record high of 52,664, testing a key support zone at 49,370/48,450 that may trigger a short-term bullish reversal. Macro resilience: Japan’s Citigroup Economic Surprise Read more…
Market mood got hammered yesterday — for all the reasons we’ve been citing over and over: overstretched tech valuations, an increasingly narrow rally, and the circularity concerns around Big Tech that are reviving dot-com bubble Read more…
In focus today In the US, the October ADP private sector employment report is due for release this afternoon. The release is likely to get more attention than usual due to the delays to the Read more…
Daily Pivots: (S1) 1.1459; (P) 1.1496; (R1) 1.1520; More… Intraday bias in EUR/USD remains on the downside for 100% projection of 1.1917 to 1.1540 from 1.1727 at 1.1350. Decisive break there would prompt downside acceleration Read more…
Daily Pivots: (S1) 153.99; (P) 154.14; (R1) 154.38; More… Intraday bias in USD/JPY stays neutral and more consolidations would be seen below 154.47. Further rally is expected as long as 151.52 support holds. Above 154.47 Read more…
Daily Pivots: (S1) 1.2972; (P) 1.3059; (R1) 1.3108; More… Intraday bias in GBP/USD stays on the downside, and fall from 1.3787 should now target 61.8% retracement of 1.2099 to 1.3787 at 1.2744 next. Sustained break Read more…
Daily Pivots: (S1) 0.8078; (P) 0.8094; (R1) 0.8120; More… There is no clear sign of topping in USD/CHF yet despite loss of momentum as seen in 4H MACD> Further rise would be seen to 100% Read more…
Daily Pivots: (S1) 0.6468; (P) 0.6504; (R1) 0.6528; More… Intraday bias in AUD/USD remains on the downside. Fall from 0.6616 is the third leg of the pattern from 0.6706, and should target 0.6413 cluster support Read more…