Markets Wednesday’s ‘classic’ risk-off correction with a setback in equities and a decline in yields proved to be a one-off rather than the start of a new trend. Oil (temporarily?) returning above $120 p/b was Read more…
Daily Pivots: (S1) 160.15; (P) 160.78; (R1) 161.97; More… GBP/JPY’s rally resumes after brief retreat and intraday bias is back on the upside. Current up trend should target 61.8% projection of 136.96 to 158.19 from Read more…
Daily Pivots: (S1) 133.47; (P) 134.04; (R1) 135.14; More…. Intraday bias sin EUR/JPY remains on the upside for the moment. Sustained trading above 134.11 high will confirm resumption of larger up trend next target will Read more…
Daily Pivots: (S1) 0.8321; (P) 0.8336; (R1) 0.8354; More… Intraday bias in EUR/GBP is turned neutral with current recovery. On the downside, below 0.8294 will target 0.8201 low. Break there will resume larger down trend. Read more…
Daily Pivots: (S1) 1.4595; (P) 1.4654; (R1) 1.4699; More… Intraday bias in EUR/AUD remains on the downside for 1.4561 support. Firm break there will resume larger down trend from 1.9799. On the upside, however, break Read more…
Daily Pivots: (S1) 1.0216; (P) 1.0266; (R1) 1.0293; More…. No change in EUR/CHF’s outlook and intraday bias remains neutral at this point. On the upside, break of 1.0400 would resume the rebound from 0.9970 to Read more…
The Euro started a fresh increase from the 1.0950 support zone against the US Dollar. The EUR/USD pair traded above the 1.1000 resistance level and the 50 hourly simple moving average. It even moved above Read more…
New sanctions against Russia are kicking in, but the much-expected Russian oil ban in destination of European countries doesn’t seem to be part of them. European reluctance to walk away from the Russian oil weighs Read more…
Market movers today The EU summit continues today following the expanded version yesterday that included US President Biden, and also following the recent G7 and NATO meetings. EU leaders could announce new sanctions against Russia Read more…
UK retail sales volume dropped -0.3% mom in February, much worse than expectation of 1.0% mom rise. On a 12-month basis, sales rose 7.0% yoy, below expectation of 7.8% yoy. Also, sales volume was 3.7% Read more…