USDJPY remains above uptrend line Bearish correction may be on the cards RSI and stochastic indicate negative move USDJPY has been in ascending movement since the beginning of 2023, but now is creating the fourth Read more…
WTI oil futures test critical 2023 support zone Technical signals point to oversold levels Sellers await a weekly close below 70 WTI oil futures were sold dramatically on Wednesday, extending their weekly losses to a more Read more…
Markets Yesterday’s slightly disappointing US ADP job report reverberated through the long end of the yield curve in particular. Maturities from 10 year to 30 year shed between 6.1 and 8.9 bps. The 10-y tenor Read more…
Daily Pivots: (S1) 146.97; (P) 147.23; (R1) 147.57; More… USD/JPY’s fall from 151.89 resumed by breaking through 146.22 today. Intraday bias is back on the downside for 145.06 key support. Decisive break there will carry Read more…
Daily Pivots: (S1) 1.0747; (P) 1.0776; (R1) 1.0792; More… Intraday bias in EUR/USD stays on the downside for the moment, as fall from 1.1016 short term top is in progress. Sustained break of 55 D Read more…
Daily Pivots: (S1) 1.2536; (P) 1.2575; (R1) 1.2598; More… GBP/USD’s fall from 1.2731 short term top is in progress. Intraday bias stays on the downside for 55 D EMA (now at 1.2436). On the upside, Read more…
Daily Pivots: (S1) 0.8731; (P) 0.8746; (R1) 0.8762; More…. Intraday bias in USD/CHF remains neutral as range trading continues. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 will resume Read more…
China’s negative import growth in November suggests a sticky weak domestic demand environment. China and Hong Kong stock markets have failed to reignite bullish animal spirits despite the weakening trend seen in the US 10-year Read more…
US crude plummeted 4% yesterday and sank below the $70pb mark and Brent slipped below $75pb. Momentum traders and falling volumes worsened crude’s recent plunge while OPEC’s latest announcement of output cuts and Saudi’s additional Read more…
Daily Pivots: (S1) 0.6531; (P) 0.6565; (R1) 0.6582; More… Intraday bias in AUD/USD remains on the downside as fall from 0.6689 short term top is in progress. Deeper decline would be seen to 55 D Read more…