Markets EMU and UK markets yesterday had to develop their own dynamics with no guidance from the US (markets closed for the Juneteenth holiday). The European Commission activated the ‘excessive deficit procedure’ for 7 member Read more…
Short Term Elliott Wave in Nasdaq Futures (NQ) suggests that cycle from 4.19.2024 low is in progress as an impulse. Up from 4.19.2024 low, wave 1 ended at 19023.25 and pullback in wave 2 ended Read more…
Appetite in Europe was weak yesterday in the absence of American markets. The French CAC40 remained firmly offered near its 200-DMA and fell 0.77%, the European Stoxx 600 index retreated 0.17%, and the Swiss SMI Read more…
In focus today We have three central bank policy decisions today, from Norges Bank (NB), the Swiss National Bank (SNB), and the Bank of England (BoE) We expect the SNB to keep the policy rate Read more…
Daily Pivots: (S1) 0.9483; (P) 0.9499; (R1) 0.9520; More…. Intraday bias in EUR/CHF stays on the downside as fall from 0.9928 is in progress. Sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 Read more…
Daily Pivots: (S1) 1.6072; (P) 1.6109; (R1) 1.6137; More… Intraday bias in EUR/AUD stays on the downside for the moment. Current down trend should target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. Read more…
Daily Pivots: (S1) 169.36; (P) 169.63; (R1) 170.12; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside break of 170.12 resistance will argue that pull back from 170.87 has completed at167.52, Read more…
Daily Pivots: (S1) 200.64; (P) 200.88; (R1) 201.35; More… Intraday bias in GBP/JPY remains neutral as consolidations continues below 201.59. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition Read more…
Daily Pivots: (S1) 1.3695; (P) 1.3710; (R1) 1.3723; More… USD/CAD is still bounded in sideway trading and intraday bias stays neutral at this point. Corrective fall from 1.3845 should have completed already. Further rally is Read more…
Daily Pivots: (S1) 0.6655; (P) 0.6666; (R1) 0.6684; More… Intraday bias in AUD/USD remains neutral as range trading continues. Further rally remains in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at Read more…