We talked about the EURUSD pair a few reviews ago. The construction of a bearish cycle impulse, consisting of five main sub-waves I-II-III-IV-V, continues. Most likely, correction IV is under development. This complex correction looks Read more…
The S&P 500 pared earlier gains after US Treasury yields climbed. On the daily chart, the rally has gained traction after a break above the double top (4130) formed by the September and December highs. Read more…
The New Zealand dollar falls back over subdued risk appetite. The pair is looking to hold on to its gains after breaking above the December high of 0.6500. Last month’s swing low around 0.6200-0.6280 is Read more…
The pound retreats as traders reposition ahead of a series of UK data. After coming off December’s high of 1.2440, the pair is staging a bounce from the demand zone around the psychological level of Read more…
Daily Pivots: (S1) 1.5417; (P) 1.5454; (R1) 1.5519; More… No change in EUR/AUD’s outlook as deeper fall could be seen to retest 1.5254/71 support zone. Firm break there will carry larger bearish implication and resume Read more…
Daily Pivots: (S1) 0.8839; (P) 0.8862; (R1) 0.8884; More… Intraday bias in EUR/GBP remains neutral for the moment. Further rise is expected as long as 0.8720 support holds. On the upside, break of 0.8977 will Read more…
Daily Pivots: (S1) 140.79; (P) 141.06; (R1) 141.51; More…. Intraday bias in EUR/JPY remains neutral as range trading continues. On the upside, decisive break of 142.84 will argue that the correction from 148.38 has completed Read more…
Daily Pivots: (S1) 158.70; (P) 159.11; (R1) 159.78; More… Intraday bias in GBP/JPY stays neutral and outlook is unchanged. On the downside, break of 155.33 low will resume the fall form 172.11 to 153.70 fibonacci Read more…
Daily Pivots: (S1) 0.9875; (P) 0.9891; (R1) 0.9920; More…. No change in EUR/CHF’s outlook as consolidation from 1.0095 is still in progress. Deeper fall cannot be ruled out but downside should be contained by 38.2% Read more…
Markets The unexpected slowing in German inflation, however difficult the numbers are to interpret, determined much of the trading session yesterday. European rates fell with German bund yields printing losses between 2.5 bps (2y) to Read more…