In focus for the rest of the week Today, the main event in the Nordics is the Riksbank monetary policy decision, due at 09.30 CET. Money market pricing implies c. 80% probability of a cut Read more…
Markets US trading hours were only a little more entertaining than dull European ones yesterday. Minneapolis Fed Kashkari (non-voter this year) gave us some flavor on how a slightly more hawkish shift at last week’s Read more…
Daily Pivots: (S1) 1.3676; (P) 1.3709; (R1) 1.3757; More… Intraday bias in USD/CAD stays neutral at this point. On the upside, break of 1.3782 resistance will argue that correction from 1.3845 has completed with three Read more…
Daily Pivots: (S1) 0.6575; (P) 0.6610; (R1) 0.6632; More… Intraday bias in AUD/USD remains neutral and consolidations would continue below 0.6645. Further rise is in favor as long as 55 4H EMA (now at 0.6560) Read more…
Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 155.01; More… USD/JPY’s break of 55 4H EMA (now at 154.81) argues that pull back from 160.20 has completed at 151.86 already. Rebound from there is seen as Read more…
Daily Pivots: (S1) 0.9061; (P) 0.9078; (R1) 0.9100; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.9005 is extending. Further decline is in favor as long as 55 4H EMA (now at 0.9099) Read more…
Daily Pivots: (S1) 1.0739; (P) 1.0764; (R1) 1.0779; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen below 1.0810. Further rally is expected as long as 55 4H EMA (now at Read more…
Short Term Elliott Wave View in Dow Futures (YM) suggests the Index ended wave (4) correction at 37473. The Index has now turned higher in wave (5). However, it still needs to break above the Read more…
Daily Pivots: (S1) 1.2481; (P) 1.2528; (R1) 1.2554; More… Intraday bias in GBP/USD remains neutral for the moment and some more consolidations could be seen below 1.2633. Further rally is in favor with 1.2471 support Read more…
Dollar’s rebound gained some momentum in Asian session today on resurgence of risk aversion. Selloff in Japan was most notable where key industry leaders like Fast Retailing, Nintendo, and Toyota saw substantial declines. The sentiment Read more…