Daily Pivots: (S1) 166.73; (P) 167.38; (R1) 168.64; More… GBP/JPY’s rebound from 163.02 is still in progress and intraday bias stays on the upside. Correction from 172.11 might have completed at 163.20, after hitting 38.2% Read more…
Daily Pivots: (S1) 1.3385; (P) 1.3440; (R1) 1.3507; More…. USD/CAD is holding below 1.3494 support turned resistance and intraday bias stays neutral. On the upside, firm break of 1.3494 will indicate that correction from 1.3976 Read more…
Daily Pivots: (S1) 0.6566; (P) 0.6625; (R1) 0.6664; More… AUD/USD is holding above 0.6521 resistance turned support even as retreat from 0.6796 extends. Intraday bias remains neutral and further rally is in favor. On the Read more…
Daily Pivots: (S1) 140.77; (P) 141.51; (R1) 142.86; More… USD/JPY is still bounded in range of 137.66/142.45 and intraday bias remains neutral first. On the downside, break of 137.66 will resume the decline from 151.93, Read more…
Daily Pivots: (S1) 0.9549; (P) 0.9574; (R1) 0.9616; More… While USD/CHF’s recovery from 0.9355 extends higher today, upside is limited well below 0.9680 minor resistance. Intraday bias stays neutral first, and further decline is still Read more…
Daily Pivots: (S1) 1.0311; (P) 1.0359; (R1) 1.0412; More… Intraday bias in EUR/USD stays neutral for the moment as consolidation from 1.0481 is extending. As long as 1.0092 resistance turned support holds, further rally is Read more…
Market sentiment is fragile on uncertainty regarding whether China would make a U-turn on its Covid reopening plans. The widening spread between the US 2- and 10-year yields, which hit the widest inversion since the Read more…
Market movers today A quiet day in terms of economic data, euro area November flash consumer confidence will be released in the afternoon. Consensus expects the National Bank of Hungary to maintain its policy rates Read more…
Short term Elliott Wave View in DAX suggests cycle from 9.28.2022 low is unfolding as a 5 waves impulse structure. Up from 9.28.2022 low, wave 1 ended at 13444.07 and pullback in wave 2 ended Read more…
ECB Governing Council member Robert Holzmann told FT in an interview, that he could “see no signs that core inflation is reducing” . He added that another big rate hike “would give a strong signal about Read more…