Category: Cryptocurrencies

Daily Pivots: (S1) 0.9592; (P) 0.9625; (R1) 0.9677; More… USD/CHF’s rise from 0.9369 is still extending, and the break of 55 day EMA is a bullish signal. Intraday bias stays on the upside with focus Read more…

Daily Pivots: (S1) 1.1726; (P) 1.1782; (R1) 1.1822; More… GBP/USD’s break of 1.1759 support confirms resumption of larger down trend. Intraday bias stays on the downside. Next target is 1.1409 long term support. On the Read more…

Markets The new surge in European gas prices extended the core bond sell-off yesterday. They worsen the inflation outlook with central banks not blinking to increased recession risks and favoring frontloading policy normalization/tightening in their Read more…

Short Term Elliott Wave View in GBPUSD suggests the rally from 7.14.2022 low ended a wave (4) hit our blue box in 4 hour chart at 1.2298. Then pair was rejected and did a leading Read more…

Whilst EUR/USD flirted with the parity level in July, the anti-dollar saw a clear daily close beneath this key level yesterday for the first time in nearly 20-years. Asian Indices: Australia’s ASX 200 index fell Read more…

In our last update on gold a month ago, we were watching for a false break below range lows at $1670 to set up a rebound. While the false break lower did not eventuate, a Read more…

Monday blues kicked in following a $7 trillion rally since July, which was mainly fueled by the expectation that the recession rhetoric would convince the Federal Reserve (Fed) to stop raising the rates and even Read more…

Market movers today A key focus today will be the August flash PMIs out in most western countries. In Europe, further declines – as also signalled by ZEW – will probably be in store, as Read more…

Daily Pivots: (S1) 0.9897; (P) 0.9972; (R1) 1.0018; More… EUR/USD’s break of 0.9951 support confirms down trend resumption. Intraday bias stays on the downside for 61.8% projection of 1.0773 to 0.9951 from 1.0368 at 0.9860. Read more…