ECB Governing Council member Martins Kazaks indicated in a Bloomberg Adria interview that the central bank is nearing its 2% inflation target, paving the way for interest rate cuts. However, he emphasized that any reduction Read more…
EURUSD holds above medium-term downtrend line Oscillators indicate bearish structure EURUSD appears to be maintaining a horizontal trajectory in the very short-term, trapped between the 1.0895 resistance level and the 1.0814 support. A paused state of directional Read more…
Daily Pivots: (S1) 0.6662; (P) 0.6681; (R1) 0.6714; More… Intraday bias in AUD/USD remains neutral for consolidation below 0.6713. Further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 Read more…
Daily Pivots: (S1) 1.3594; (P) 1.3619; (R1) 1.3637; More… Intraday bias in USD/CAD remains neutral for the moment. Break of 1.3589 will resume whole fall from 1.3845 and target 100% projection of 1.3845 to 1.3608 Read more…
Daily Pivots: (S1) 155.29; (P) 155.63; (R1) 156.02; More… Intraday bias in USD/JPY stays neutral at this point. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will Read more…
Daily Pivots: (S1) 0.9062; (P) 0.9080; (R1) 0.9110; More…. Intraday bias in USD/CHF remains neutral at this point. On the upside, firm break of 0.9101 will argue that corrective fall from 0.9223 has completed with Read more…
Daily Pivots: (S1) 1.0844; (P) 1.0861; (R1) 1.0886; More… Intraday bias in EUR/USD remains neutral for consolidation below 1.0894. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will Read more…
Equity bulls around the globe celebrated in style the softer-than-expected US CPI data last week. The global equity rally was further juiced by the expectation that a softer inflation in the US would not only Read more…
Daily Pivots: (S1) 1.2660; (P) 1.2686; (R1) 1.2727; More… Intraday bias in GBP/USD remains on the upside for the moment. Firm break of 1.2708 resistance will extend the rise from 1.2298 to 100% projection of Read more…
Asian markets kicked off the week on a positive note, buoyed by the record-breaking rally in US markets last week. Despite escalating geopolitical tensions in the Middle East, which have spurred strong rallies in metals, Read more…