Daily Pivots: (S1) 0.9740; (P) 0.9765; (R1) 0.9799; More… Intraday bias in USD/CHF remains on the downside and outlook is unchanged. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Read more…
Daily Pivots: (S1) 137.59; (P) 137.99; (R1) 138.61; More… Intraday bias in USD/JPY stays neutral at this point. Consolidation form 139.37 is still in progress. Downside of retreat should be contained by 134.73 support. On Read more…
Daily Pivots: (S1) 1.2829; (P) 1.2910; (R1) 1.2951; More… USD/CAD’s fall from 1.3222 is still in progress and intraday bias stays on the downside. Deeper decline would be seen to 1.2818 support. Firm break there Read more…
NZDUSD saw its fortune improving in the short-term picture following the clear close above the 20-day simple moving average (SMA) on Tuesday, with the focus now being on the 0.6256 resistance. Encouragingly, the price has Read more…
EUR/USD The resistance level at 1.0270 is still holding the bulls at bay and the pair is consolidating just below this zone. A confirmed breach of the mentioned key resistance would pave the way for Read more…
Expectations for Netflix had gone so bad that the company could surprise with 970’000 less subscriptions last quarter. The smaller drop in subscriptions combined with higher fees increased the profit by 7% compared to the Read more…
The bear market rally looks well and truly back on track this week, thanks to one of the stranger things I have seen in 2022, Netflix losing only one million subscribers in Q2 instead of Read more…
UK inflation has continued to surge at a rate that a 50-bp hike now appears the more likely move at the BOE’s next meeting. Asian Indices: Australia’s ASX 200 index rose by 107.7 points (1.62%) Read more…
DXY: On the H4, with prices having broken out of the ascending channel and reversing off the ichimoku indicator, we have a bearish bias that prices will rise and drop from the 1st resistance at Read more…
Turbulence persists in the global economic scene and investors scramble to assess the future prospects of the bullion, as the rising tide of contagious inflation, recession fears and geopolitical risks continue to lash relentlessly onto Read more…