Markets A mixture of market moving elements pushed US yields down yesterday from earnings over disappointing data to the Fed. Earnings news was perhaps not so much related to the likes of Microsoft & Alphabet Read more…
Short Term Elliott Wave view in Nikkei (NKD_F) suggests that rally to 37014 ended wave 3. Wave 4 pullback is currently in progress as a double three Elliott Wave structure. Down from wave 3, wave Read more…
We knew that yesterday was not going to be a bright day, as Microsoft, Google and AMD have all seen a negative market reaction to their fantastic quarterly results that failed to match the huge Read more…
In focus today In the euro area, focus is on the inflation print for January today. We expect HICP to decline to 2.8% y/y from 2.9% in December and core inflation to decline to 3.2% Read more…
Daily Pivots: (S1) 185.74; (P) 186.68; (R1) 187.39; More… GBP/JPY’s break of 186.14 minor support confirms short term topping at 188.90. Intraday bias is back on the downside for deeper pull back to 55 D Read more…
Daily Pivots: (S1) 158.28; (P) 159.28; (R1) 159.98; More… Immediate focus is now on 158.55 support in EUR/JPY. Sustained break there will argue that rebound from 153.15 has completed at 161.84 already. Fall from there Read more…
Daily Pivots: (S1) 0.8517; (P) 0.8533; (R1) 0.8542; More… Intraday bias in EUR/GBP remains neutral at this point. Below 0.8521 will resume the fall from 0.8764 to retest 0.8491. Break there will extend larger down Read more…
Daily Pivots: (S1) 1.6422; (P) 1.6461; (R1) 1.6511; More… Intraday bias in EUR/AUD is back on the upside with break of 1.6512 minor resistance. Further rise would be seen to 1.6671 resistance first. Decisive break Read more…
Daily Pivots: (S1) 0.9295; (P) 0.9329; (R1) 0.9351; More… EUR/CHF’s fall from 0.9471 is trying to resume and intraday bias is back on the downside. While deeper decline could be seen, strong support is still Read more…
Daily Pivots: (S1) 1.3381; (P) 1.3413; (R1) 1.3468; More… USD/CAD recovered after dipping to 1.3357 and intraday bias is turned neutral. On the downside, firm break of 1.3342 support will argue that rebound from 1.3176 Read more…