NZDUSD is in the green again today, a tad above a key level Bearish pressure lingers as NZDUSD traded at a 1-year low Momentum indicators could soon turn bullish NZDUSD is edging higher today, recording Read more…
Markets Disappointing and weak EMU October PMI’s contrasted with slightly better (and 50+) readings in the US. European data already cement the case for a technical European recession in the second half of this year Read more…
Market movers today Data calendar for today is almost empty for main markets, only German IFO index for October due. In Sweden, September PPI index will be released. Otherwise, we continue to keep a close Read more…
DXY: The DXY chart currently maintains a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support level. The 1st support at 105.38 is considered significant as it aligns with an Read more…
Daily Pivots: (S1) 1.0551; (P) 1.0623; (R1) 1.0662; More… Intraday bias in EUR/USD stays neutral for the moment. On the upside, above 1.0693 will resume the rebound to 1.0764 cluster resistance (38.2% retracement of 1.1274 Read more…
Daily Pivots: (S1) 1.2113; (P) 1.2201; (R1) 1.2249; More GBP/USD is extending the consolidation pattern from 1.2036 and intraday bias remains neutral. Downside breakout is still mildly in favor. On the downside, decisive break of Read more…
Daily Pivots: (S1) 0.8895; (P) 0.8924; (R1) 0.8960; More…. Intraday bias in USD/CHF remains neutral, and further decline is expected as long as 0.9000 resistance holds. Below 0.8886 will resume the fall from 0.9243 to Read more…
Daily Pivots: (S1) 149.51; (P) 149.72; (R1) 150.12; More… No change in USD/JPY’s outlook as consolidation from 150.15 is extending. On the downside, below 148.94 minor support will turn bias to the downside for another Read more…
Daily Pivots: (S1) 1.3660; (P) 1.3698; (R1) 1.3729; More… USD/CAD continues to spiral higher but stays below 1.3784 resistance. Intraday bias remains neutral at this point. Consolidation from 1.3784 could extend further. On the downside, Read more…
Daily Pivots: (S1) 0.6333; (P) 0.6356; (R1) 0.6379; More… AUD/USD recovers further today but stays below 0.6444 resistance. Intraday bias remains neutral and downside breakout is expected. On the downside, firm break of 0.6284 will Read more…