Asian shares struggled for direction this morning as concerns about inflation and the outlook for economic growth weighed on sentiment. Overnight, Wall Street’s main indices were mostly flat with a sales warning from Nvidia dragging Read more…
Equity markets are lacking any real direction in Asia and that appears to be carrying into the European session as well. Europe is seeing minor losses on the open, offsetting some of the small gains Read more…
EUR/USD The first day of the week passed calmly for the European currency. We saw a slight decline in the early hours of the day, but after the opening of the European session, we saw Read more…
The Dow Jones 30 treads water as strong US jobs data may underpin aggressive tightening. The index has found bids over 32500. June’s high at 33300 is a major resistance. The RSI’s repeated overbought condition Read more…
The New Zealand dollar loses steam after a slowdown in inflation expectations. The price is at a crossroads after the recent rally came to a halt in the supply zone (0.6350), while a bullish MA Read more…
Daily Pivots: (S1) 1.0161; (P) 1.0192; (R1) 1.0224; More… Range trading continues in EUR/USD. Outlook is unchanged and intraday bias remains neutral. On the downside, break of 1.0095 minor support will argue that larger down Read more…
Daily Pivots: (S1) 134.41; (P) 134.99; (R1) 135.62; More… Intraday bias in USD/JPY stays mildly on the upside for the moment. Rise from 130.38 should target a test on 139.37 high. Strong resistance could be Read more…
Daily Pivots: (S1) 1.2039; (P) 1.2088; (R1) 1.2129; More… At this point, intraday bias in GBP/USD stays mildly on the downside. Rebound from 1.1759 should have completed after hitting 55 day EMA. Deeper fall would Read more…
Daily Pivots: (S1) 0.9503; (P) 0.9573; (R1) 0.9625; More… Intraday bias in USD/CHF stays neutral for the moment. On the upside, break of 0.9650, and sustained trading above 55 day EMA (now at 0.9647) will Read more…
Daily Pivots: (S1) 0.6919; (P) 0.6965; (R1) 0.7031; More… Intraday bias in AUD/USD remains neutral and more consolidation could be seen below 0.7045. On the upside, break of 0.7045 will resume the rebound from 0.6680 Read more…