US equities turned positive on Wednesday after strong quarterly earnings by Morgan Stanley, Bank of America, and Procter & Gamble. The two banks published better-than-expected results, which were helped by the rising loan growth and Read more…
Markets Yesterday morning it looked that EMU/German yields would catch up in the wake of the recent strong rise in US yields. The German 10-y yield moved temporarily into positive temporary for the first time Read more…
Daily Pivots: (S1) 155.28; (P) 155.76; (R1) 156.11; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Overall, further rise is still expected with 154.86 support intact. On the upside, decisive break of Read more…
Daily Pivots: (S1) 129.38; (P) 129.69; (R1) 129.97; More…. Intraday bias in EUR/JPY remains mildly on the downside at this point. Rebound from 127.36 could have completed at 131.59 already. Deeper fall would be seen Read more…
Daily Pivots: (S1) 0.8316; (P) 0.8329; (R1) 0.8345; More… Intraday bias in EUR/GBP stays on the downside at this point. Current down trend would target 0.8276 key long term support. On the upside, however, break Read more…
Daily Pivots: (S1) 1.5724; (P) 1.5799; (R1) 1.5839; More… Range trading continues in EUR/AUD and intraday bias remains neutral at this point. On the downside, break of 1.5559 will resume the fall from 1.6168 to Read more…
Daily Pivots: (S1) 1.1323; (P) 1.1340; (R1) 1.1361; More… Outlook in EUR/USD is unchanged and intraday bias remains neutral first. Rebound from 1.1185 is seen as corrective move. Break of 1.1284 will argue that larger Read more…
Daily Pivots: (S1) 1.3585; (P) 1.3617; (R1) 1.3646; More… GBP/USD is staying in consolidation from 1.3748 and intraday bias remains neutral. While deeper fall cannot be ruled out, downside of retreat should be contained by Read more…
Daily Pivots: (S1) 0.9142; (P) 0.9160; (R1) 0.9175; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.9090 is extending. On the downside, firm break of 0.9084 support will argue that choppy rise from Read more…
Daily Pivots: (S1) 114.09; (P) 114.44; (R1) 114.67; More… Intraday bias in USD/JPY is mildly on the downside for 113.47. Break there will resume the fall from 112.52 structural support. Considering bearish divergence condition in Read more…