Equities remain under pressure as investors brace for more aggressive tightening by central banks. A bearish MA cross on the daily chart suggests that sentiment has shifted to the cautious side and the selling pressure Read more…
Markets US payrolls added a robust 315k but a downward two-month revision, slowing income growth and an unusually large uptick in the participation rate drew the attention. It smoothed off some of the sharpest edges Read more…
Market movers today Energy price developments remain in focus this week after Gazprom said it would fully suspend the Nord Stream natural-gas pipeline to Germany, raising pressure on Europe as governments race to avoid energy Read more…
The week starts on negative sentiment as Friday’s jobs report couldn’t prevent the selloff from extending in the US. And more importantly for the Europeans, Gazprom didn’t restore gas flow to Europe on Saturday, as Read more…
Daily Pivots: (S1) 160.91; (P) 161.70; (R1) 162.25; More… No change in GBP/JPY’s outlook as corrective pattern from 168.67 is extending. Intraday bias remains neutral. On the upside, break of 163.91 will bring stronger rise Read more…
Daily Pivots: (S1) 139.02; (P) 139.88; (R1) 140.51; More…. Intraday bias in EUR/JPY is turned neutral with current retreat. But further rise will be mildly in favor as long as 138.24 minor support holds. Break Read more…
Daily Pivots: (S1) 0.8616; (P) 0.8646; (R1) 0.8679; More… Intraday bias in EUR/GBP is turned neutral again with current retreat. On the upside, decisive break of 0.8720 high will carry larger bullish implications. Next target Read more…
Daily Pivots: (S1) 1.4589; (P) 1.4648; (R1) 1.4685; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, decisive break of 1.4318 low will resume larger down trend to medium term projection Read more…
Daily Pivots: (S1) 0.9732; (P) 0.9800; (R1) 0.9838; More…. Intraday bias in EUR/CHF remains neutral at this point. Corrective rise from 0.9550 might extend higher. But upside should be limited by 38.2% retracement of 1.0512 Read more…
Daily Pivots: (S1) 0.6776; (P) 0.6816; (R1) 0.6851; More… AUD/USD’s fall from 0.7135 is in progress and deeper decline should be seen to retest 0.6680 low. Firm break there will resume larger down trend. However, Read more…