TSM announced better-than-expected quarterly results and lifted its growth projections for this year’s revenue. Good news helped limiting the previous day selloff in chip stocks yesterday but couldn’t prevent the S&P500 and Nasdaq 100 from Read more…
ECB Governing Council member Francois Villeroy de Galhau spoke on French radio BFM Business today, expressing that current market expectations for interest rate cuts seem “rather reasonable.” Markets are currently pricing in nearly two ECB Read more…
Gold price started a downside correction from $2,485. Crude oil prices are also moving lower from the $82.20 resistance zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the Read more…
Daily Pivots: (S1) 202.57; (P) 203.22; (R1) 204.341; More… Intraday bias in GBP/JPY is turned neutral with 4H MACD crossed above signal line. Strong support could be seen from 38.2% retracement of 191.34 to 208.09 Read more…
Daily Pivots: (S1) 170.43; (P) 171.01; (R1) 172.02; More… EUR/JPY recovered after dipping to 169.98 and intraday bias is turned neutral first. Further fall is in favor as long as 172.91 resistance holds. Sustained trading Read more…
Daily Pivots: (S1) 0.8407; (P) 0.8414; (R1) 0.8426; More…. Intraday bias in EUR/GBP remains neutral for the moment and more consolidations could be seen above 0.8382. Further decline is in favor. But considering bullish convergence Read more…
Daily Pivots: (S1) 1.6195; (P) 1.6240; (R1) 1.6291; More… EUR/AUD’s rebound from 1.5996 lost momentum after hitting 1.6282. Intraday bias is turned neutral first. Further rise is in favor as long as 1.6171 minor support Read more…
Daily Pivots: (S1) 0.9654; (P) 0.9664; (R1) 0.9686; More…. Intraday bias in EUR/CHF remains on the downside at this point. Break of 38.2% retracement of 0.9476 to 0.9772 at 0.9659 will extend the fall from Read more…
Markets The ECB kept its policy rates unchanged yesterday with President Lagarde saying that the outcome of the September meeting is “wide open”. The only sure thing is that they’ll lower the spread between the Read more…
Daily Pivots: (S1) 1.0879; (P) 1.0911; (R1) 1.0928; More…. Intraday bias in EUR/USD remains neutral for consolidations below 1.0947 temporary top. Downside of retreat should be contained by 1.0871 support to bring another rally. On Read more…