According to the XNG/USD chart, natural gas prices have risen by approximately 13% since early November and this week hit a new 2024 high. Factors Driving Bullish Sentiment (as reported by Reuters): → A sharp Read more…
EURJPY is hovering around the 100-day SMA EURJPY bears have probably regained the upper hand Momentum indicators are mostly mixed at this stage EURJPY is edging lower today, testing the support set by the 100-day Read more…
Markets US Treasuries followed last week’s recipe. Testing the recent low (area; depending on the maturity), but eventually rebounding higher. This time without strong trigger though like Thursday’s Powell speech or Friday’s retail sales. The Read more…
The week kicked off on a bullish note, as the recovery in US treasuries, and the retreat in US yields help boost appetite in major US indices. The S&P500 rebounded 0.39%, while Nasdaq added 0.71%, Read more…
In focus today Today, in euro area we receive final October HICP inflation data. This will show drivers of inflation and allow us to calculate the “LIMI” indicator of domestic inflation, which has received great Read more…
Daily Pivots: (S1) 1.0550; (P) 1.0578; (R1) 1.0627; More… Intraday bias in EUR/USD remains neutral as consolidations continue above 1.0495 temporary low. Outlook will stay bearish as long as 1.0760 support turned resistance holds. On Read more…
Daily Pivots: (S1) 153.89; (P) 154.63; (R1) 155.41; More… Intraday bias in USD/JPY stays neutral and further rally is in favor as long as 153.87 resistance turned support holds. Break of 156.74 will resume the Read more…
Daily Pivots: (S1) 1.2629; (P) 1.2658; (R1) 1.2707; More… Intraday bias in GBP/USD is turned neutral as consolidation from 1.2596 extends. Outlook will stay bearish as long as 12.842 support turned resistance holds. Break of Read more…
Daily Pivots: (S1) 0.8811; (P) 0.8850; (R1) 0.8871; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.8916 is still extending. Outlook remains bullish as long as 0.8773 resistance turned support holds. On the Read more…
Daily Pivots: (S1) 0.6467; (P) 0.6489; (R1) 0.6530; More… Intraday bias in AUD/USD stays neutral and some more consolidations would be seen above 0.6440 temporary low. But outlook will stay bearish as long as 0.6687 Read more…