Daily Pivots: (S1) 0.8817; (P) 0.8843; (R1) 0.8860; More…. Range trading continues in USD/CHF and intraday bias remains neutral. Further rally is in favor as long as 0.8741 support holds. Break of 0.8891 will resume Read more…
Daily Pivots: (S1) 1.0840; (P) 1.0858; (R1) 1.0875; More… Intraday bias in EUR/USD stays neutral first as it’s still bounded in range below 1.0887. On the upside, break of 1.0887 and sustained trading above 55 Read more…
Markets In the run-up to the release of the US services ISM, (US) equity futures/markets yesterday fell prey to a tentative risk-off correction. In particular some parts of the tech sector apparently felt some vertigo Read more…
3 key risk events that may significantly influence the movement of NZD/JPY; Japan’s FY 2024/2025 annual wage negotiations preliminary results (15 March), BoJ’s monetary policy outcome (19 March) & Fed FOMC and release of its Read more…
Bitcoin hit a record. The price of a coin advanced past the $69K, then shortly dipped below $60K, and is now settling at around the $65K. Volatility is high as the coin flirts with new Read more…
In focus today In the U.K. Chancellor of the Exchequer Jeremy Hunt will deliver his spring budget. With the general election looming the chancellor is expected to present a range of expansionary measures, namely tax Read more…
Daily Pivots: (S1) 1.2672; (P) 1.2704; (R1) 1.2736; More… Gold’s rise from 1.2517 resumed by breaking through 1.2708 and intraday bias is back on the upside. Further rally would be seen to 1.2826 resistance first. Read more…
Dollar faced some selling pressure overnight, as dragged down by the sharp decline in the 10-year treasury yield. Despite this, the impact on the greenback was relatively contained, thanks to significant pullbacks in major stock Read more…
Fed Chairman Jerome Powell is set to begin his two-day semiannual Congressional testimony today, drawing significant attention from the markets as participants seek clarity on the Fed’s monetary policy direction for the year. Key questions Read more…
Short Term Elliott Wave View in DAX suggests that rally from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and dips in wave ((ii)) Read more…