Daily Pivots: (S1) 0.8550; (P) 0.8567; (R1) 0.8576; More… Intraday bias in EUR/GBP remains on the downside at this point. Corrective rebound from 0.8497 should have completed at 0.8643, after rejection by trend line resistance. Read more…
Daily Pivots: (S1) 1.6324; (P) 1.6393; (R1) 1.6436; More… Intraday bias in EUR/AUD remains on the downside at this point. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Read more…
Daily Pivots: (S1) 0.9762; (P) 0.9780; (R1) 0.9797; More… Intraday bias in EUR/CHF remains neutral at this point. Further rally is expected with 0.9708 minor support intact. Above 0.9800 will resume the rebound from 0.9563 Read more…
Markets The Japanese yen slid dramatically on Friday as the Asian island was heading towards a long weekend. USD/JPY soared from 155.65 to 158.44 in the wake of another JPY disappointing BoJ meeting. It contrasted Read more…
In focus today Focus today is on German and Spanish inflation data for April that will give important indications of where the euro area print tomorrow is heading. China releases PMI manufacturing for April overnight Read more…
Just one week after posting its worst weekly loss over a year, and after a week of unfavourable economic data for both the US economic outlook and Federal Reserve (Fed) expectations, we saw the S&P500 Read more…
Daily Pivots: (S1) 1.3637; (P) 1.3667; (R1) 1.3699; More… Intraday bias in USD/CAD remains on the downside as fall from 1.3845 short term top is in progress. Next target is 55 D EMA (now at Read more…
Daily Pivots: (S1) 0.6515; (P) 0.6535; (R1) 0.6554; More… Intraday bias in AUD/USD remains on the upside as rise from 0.6361 short term bottom is in progress. Fall from 0.6870 might have completed at 0.6361 Read more…
Daily Pivots: (S1) 1.0660; (P) 1.0707; (R1) 1.0739; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On Read more…
Daily Pivots: (S1) 1.2448; (P) 1.2495; (R1) 1.2540; More… GBP/USD’s rebound form 1.2298 is resuming and intraday bias is back on the upside. Further rally would be seen to 55 D EMA (now at 1.2582). Read more…