Check back for updates throughout the trading day U.S. equity futures moved lower Wednesday, while Treasury yields and the dollar spiked higher, as investors pulled stocks back from near-record highs amid concerns that faster inflation Read more…
Recent additional stimulus measures from China, a reduction in elevated net long positioning from large futures speculators & an uptick in geopolitical risk premium may support higher oil prices. Watch the key medium-term support of Read more…
Market picture The crypto market added 1.3% in 24 hours to $2.58 trillion. This is roughly the area where trading has been centred for the last week, despite attempts by speculators to rock the market. Read more…
EUR/USD started a downside correction from the 1.0890 resistance. USD/CHF is rising and might aim a move toward the 0.9155 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the Read more…
Cable firmed in early Wednesday’s trading after hitting nine-week high on Tuesday (1.2800), but subsequently pulling back on unexpectedly strong rise in US consumer confidence in May, which temporarily inflated dollar. Broken Fibo barrier at Read more…
NZDUSD stages a solid recovery from its 2024 lows Posts a two-month high and challenges 61.8% Fibo Oscillators point to persistent bullish pressures NZDUSD has been in an aggressive uptrend after recording a 2024 bottom of Read more…
Daily Pivots: (S1) 200.29; (P) 200.47; (R1) 200.79; More… Intraday bias in GBP/JPY remains on the upside for the moment. Sustained break of 200.53 will confirm larger up trend resumption. Next target is 138.2% projection Read more…
Daily Pivots: (S1) 170.31; (P) 170.55; (R1) 170.90; More… Intraday bias in EUR/JPY stays mildly on the upside. Break of 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62 will target 171.58 high. Strong Read more…
Daily Pivots: (S1) 0.8496; (P) 0.8507; (R1) 0.8518; More… Intraday bias in EUR/GBP stays neutral at this point. Further decline is expected as long as 55 D EMA (now at 0.8556) holds. Decisive break of Read more…
Daily Pivots: (S1) 1.6292; (P) 1.6318; (R1) 1.6352; More… Intraday bias in EUR/AUD remains mildly on the downside for retesting 1.6211 low first. Firm break there will resume the whole decline from 1.6742, as the Read more…