Stock markets in Europe opened positively on Friday after what has been an otherwise rotten week, while Asia was fairly mixed ahead of the US jobs report. It will be interesting to see whether Europe Read more…
GBPJPY has been congested under its 20-day simple moving average (SMA) for more than a month now despite receiving strong defense from the March ascending trendline. From a technical perspective, the bulls seem to be Read more…
USDCAD is showing some signs of weakness after three straight green days and a spike near the 20-month peak of 1.3225. In trend indicators, the 20- and 50-day simple moving averages (SMAs) posted a bullish Read more…
EUR/USD The European common currency lost some ground against the dollar, and after the test of the support at 0.9948, the pair consolidated just above the mentioned zone. If the bearish attack continues, then a Read more…
Markets The established market trends basically continued yesterday. Yields maintained (EMU) or even extended (US) recent repositioning as central bankers reinforced their message that they have no choice but to continue their anti-inflationary crusade. The Read more…
Daily Pivots: (S1) 161.26; (P) 161.56; (R1) 162.13; More… Intraday bias in GBP/JPY remains neutral as sideway trading continues. Corrective pattern from 168.67 would extend for a while. On the upside, break of 163.91 will Read more…
Daily Pivots: (S1) 138.93; (P) 139.47; (R1) 140.00; More…. EUR/JPY’s rise from 133.38 is still in progress. Intraday bias stays on the upside for 100% projection of 133.38 to 138.38 from 135.50 at 140.50. Decisive Read more…
Daily Pivots: (S1) 0.8597; (P) 0.8634; (R1) 0.8654; More… EUR/GBP retreated after hitting 0.8669, ahead of 0.8720 resistance, and intraday bias is turned neutral first. Further rally is in favor as long as 0.8510 resistance Read more…
Daily Pivots: (S1) 1.4581; (P) 1.4661; (R1) 1.4732; More… Intraday bias in EUR/AUD remains neutral with focus on 1.4712 resistance. Sustained break there will turn bias to the upside, for stronger rebound back to 1.5396 Read more…
Daily Pivots: (S1) 0.9739; (P) 0.9787; (R1) 0.9813; More…. EUR/CHF retreated after hitting 0.9833 and intraday bias is turned neutral first. Corrective recovery from 0.9550 might still extend higher, but upside should be limited by Read more…