Daily Pivots: (S1) 0.8621; (P) 0.8652; (R1) 0.8679; More… Intraday bias in EUR/GBP remains neutral and outlook is unchanged. On the upside, firm break of 0.8720 resistance will indicate resumption of whole rise from 0.8201. Read more…
Daily Pivots: (S1) 1.4722; (P) 1.4773; (R1) 1.4859; More… EUR/AUD edged higher to 1.4896 but quickly retreated. Intraday bias stays neutral first. On the upside, above 1.4896 will resume the rebound from 1.4281 short term Read more…
Daily Pivots: (S1) 0.9580; (P) 0.9605; (R1) 0.9627; More…. Intraday bias in EUR/CHF stays mildly on the downside for retesting 0.9550 low. Decisive break there will resume larger down trend. Next target is 61.8% projection Read more…
Stock markets are a bit mixed on Thursday following a rollercoaster week in the run-up to, and aftermath of, the US inflation report. Safe to say, investors got ahead of themselves in a desperate attempt Read more…
US equities eked out small gains yesterday as dip buyers timidly came in, but risks remain tilted to the downside with the disappointing inflation figures, and the risk of the largest rail strike in the Read more…
Market movers today We get lots of US data today with retail sales being the most interesting. Consensus looks for a 0.5% m/m increase in core retail sales (excl. autos and gas) in August, partly Read more…
USD/JPY: On the H4 chart, price is still respecting the ascending trend line. We are still bullish bias- Price is testing along the trend line and if bullish momentum continues, it should bring price to Read more…
Daily Pivots: (S1) 0.9949; (P) 0.9986; (R1) 1.0017; More… No change in EUR/USD’s outlook and intraday bias stays mildly on the downside for retesting 0.9863 low first. Firm break there will resume larger down trend. Read more…
Daily Pivots: (S1) 1.1483; (P) 1.1537; (R1) 1.1593; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, decisive break of 1.1404/9 will resume larger down trend. Next target is 61.8% projection Read more…
Daily Pivots: (S1) 0.9596; (P) 0.9617; (R1) 0.9644; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. The pair is still in corrective pattern from 1.0063. Below 0.9478 will extend the fall from Read more…