Silver plunges as the US dollar recovers across the board. On the daily chart, the price action reversed its course at the support-turned-resistance (20.80). A drop below previous lows at 19.60 suggested a lack of Read more…
The pound retreats as recession fears take a foothold in the UK. The latest rebound has met stiff selling pressure at the daily resistance (163.50) which also sits on the 30-day moving average. This failure Read more…
The Canadian dollar softened as June’s retail sales decelerated. The pair previously came under pressure at 1.2980. A close above this supply zone equally a daily resistance would flush the remaining selling interest out and Read more…
The Euro resumes strong fall of past two days and pressuring parity level in early Monday trading, following 2.1% drop last week. Growing negative sentiment on continuous weak economic data from the EU that prompts Read more…
Markets The core bond sell off last week lasted until the US close. Double digit UK inflation numbers, US retail resilience, hawkish messages from the RBNZ & Norges Bank and finally an avalanche of Fed Read more…
Daily Pivots: (S1) 1.0014; (P) 1.0058; (R1) 1.0083; More… Intraday bias in EUR/USD stays on the downside for retesting 0.9951 low. Firm break there will resume larger down trend to 61.8% projection of 1.0773 to Read more…
Daily Pivots: (S1) 136.02; (P) 136.62; (R1) 137.53; More… Intraday bias in USD/JPY stays on the upside, as rebound from 130.38 is in progress. Strong resistance could be seen from 139.37 high to bring another Read more…
Daily Pivots: (S1) 1.1765; (P) 1.1858; (R1) 1.1924; More… Intraday bias in GBP/USD stays on the downside for retesting 1.1759 low. Firm break there will resume larger down trend to 1.1409 long term support. On Read more…
Daily Pivots: (S1) 0.9559; (P) 0.9579; (R1) 0.9604; More… Intraday bias in USD/CHF remains mildly on the upside for 0.9648 resistance first. Firm break there will bring stronger rally back to 0.9884 resistance next. On Read more…
Daily Pivots: (S1) 0.6849; (P) 0.6886; (R1) 0.6912; More… Intraday bias in AUD/USD stays mildly on the downside at this point. Corrective rebound from 0.6680 could have completed with three waves up to 0.7135. Deeper Read more…