Markets A dull start in Asian and European trading in the US gradually morphed in to a risk-off pattern. A lukewarm acceptance of strong Nvidia results apparently caused some vertigo, preventing especially US equity indices Read more…
Key takeaways Corrective rebound gaining traction: Gold has broken above $5,170 and extended its bounce from the $4,402 low, with price action evolving within a minor ascending channel and maintaining a bullish bias above $5,046 Read more…
Bitcoin (BTCUSD) continues to display an incomplete bearish sequence from the October 6 peak, which suggests that further downside remains possible. The extreme target zone derived from that peak lies between $41,411 and $52,204, and Read more…
Nvidia’s eye-popping results and strong beat remained short of triggering the kind of euphoria they would have a year ago. Nvidia printed a sizeable beat on almost every metric it released. Alas, the stock price Read more…
In focus today In the US, January PPI data will be released this afternoon. The earlier CPI release landed slightly below expectations. In the euro area, February’s flash inflation data from France, Germany, and Spain Read more…
Daily Pivots: (S1) 1.1773; (P) 1.1801; (R1) 1.1828; More…. EUR/USD is still bounded in tight range above 1.1740 and intraday bias stays neutral. Near term risk will remain on the downside as long as 1.1928 Read more…
Daily Pivots: (S1) 155.71; (P) 156.13; (R1) 156.55; More… USD/JPY is staying in consolidations below 156.81 temporary top and intraday bias remains neutral. On the upside, above 156.81 will resume the rally from 152.25 to Read more…
Daily Pivots: (S1) 1.3426; (P) 1.3501; (R1) 1.3556; More… Despite the current steep decline, GBP/USD is still holding above 1.3432 and intraday bias remains neutral. On the downside, below 1.3432 will resume the fall from Read more…
Daily Pivots: (S1) 0.7716; (P) 0.7735; (R1) 0.7759; More…. No change in USD/CHF’s outlook as consolidations continue above 0.7603. Intraday bias remains neutral for now. In case of stronger rise, upside should be limited by Read more…
Daily Pivots: (S1) 0.7070; (P) 0.7103; (R1) 0.7140; More… Intraday bias in AUD/USD remains neutral as it’s still bounded in range below 0.7146. Consolidations could continue and deeper retreat cannot be ruled out. But downside Read more…