Intraday bias in GBP/JPY stays neutral and more consolidations could be seen above 207.06. Further fall is expected as long as 209.73 minor resistance holds. Below 207.06 will resume the decline from 219.56 to 206.10 Read more…
Intraday bias in EUR/JPY remains neutral for the moment. Further decline is expected as long as 179.88 minor resistance holds. Below 177.82 will extend the correction from 187.93 towards 175.41 key cluster support. Nevertheless, break Read more…
Range trading continues in EUR/GBP and intraday bias remains neutral. Strong resistance is still expected from 0.8610 to complete the corrective bounce from 0.8453. On the downside, break of 0.8545 support will turn bias back Read more…
EUR/AUD’s strong rebound indicates short term bottoming at 1.6078, on bullish divergence condition in 4H MACD. Intraday bias is mildly on the upside for 55 D EMA (now at 1.6289) and possibly above. On the Read more…
EUR/CHF’s rally resumed by breaking through 0.9434 and intraday bias is back on the upside. Current rise from 0.8979 should target 161.8% projection of 0.8979 to 0.9264 from 0.9094 at 0.9555 next. For now, outlook Read more…
Platinum: ⬇️ Sell – Platinum reversed from resistance zone – Likely to fall to support level 1700.00 Platinum recently reversed down from the resistance zone located between the resistance level 1900.00 (which has been reversing Read more…
Markets A perfect storm gathered above bond markets since Wednesday evening. It started with US Treasury Secretary “I am the House” Bessent. Markets called him to order after the first “increased” buyback auction ($6bn). Technical Read more…
UK GDP growth accelerated from 0.3% to 0.4% m/m in July, beating expectations for no growth. All three main sectors expanded on the month, with services up 0.4%, production up 0.2%, and construction up 0.1%. Read more…
In focus today In the US, all eyes will be on the August CPI this afternoon. This will be the last inflation indicator before the September Fed meeting. Last week Fed’s Waller (permanent voter) said Read more…
Dow Jones: ⬇️ Sell – Dow Jones broke support zone – Likely to fall to support level 51500.00 Dow Jones index recently broke through the support zone located between the key support level 52825.00 (which Read more…