NZDUSD is recording another day of losses after a failed attempt to break significantly above the 0.6395 resistance level and the short-term descending trend line. Chances for a reversal, however, are decreasing as the 20-day simple moving Read more…
EUR/USD Just as expected, the disappointing data on consumer confidence for the United States sank the euro towards 1.0500. In the early hours of today, the bulls are trying to hold onto the zone, and Read more…
Markets European bonds continued to underperform their US peers yesterday. ECB Lagarde sharpened the central bank’s communication at the Sintra symposium. If necessary, the ECB would act in a determined and sustained manner to tackle Read more…
Short term Elliott Wave view in Silver (XAGUSD) suggests the decline from 6/6/2022 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 6/6/2022 high, wave 1 ended at 20.87 and Read more…
Ugly economic data was responsible for a decent plunge in US equities on Tuesday. The S&P500 slid 2% yesterday and Nasdaq took another 3% hit following a soft CB consumer confidence index and sharp fall Read more…
Market movers today We look forward to the panel discussion between Bank of England’s Bailey, Fed’s Powell and ECB’s Lagarde today at 15:00 CET and any clues of how policymakers plan to tackle global inflation Read more…
Readers should probably stop watching US stock markets for economic wisdom, as the price action overnight confirmed that part of the financial world has as little future insight as anywhere else. Last week, US equity Read more…
Daily Pivots: (S1) 1.0481; (P) 1.0543 (R1) 1.0584; More… Range trading continues in EUR/USD and intraday bias remains neutral. Further fall is in favor with 1.0786 resistance intact. On the downside, sustained break of 1.0339/48 Read more…
Daily Pivots: (S1) 1.2146; (P) 1.2219; (R1) 1.2257; More… Range trading continues in GBP/USD and intraday bias remains neutral at this point. Outlook stays bearish as long as 1.2666 resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 0.9544; (P) 0.9565; (R1) 0.9597; More… Intraday bias in USD/CHF stays neutral, and outlook remains unchanged. Fall from 1.0048 is still seen as the third leg of the consolidation pattern from 1.0063. Read more…