US equities rose on Monday as investors reflected on several catalysts. First, the market remained optimistic that big technology companies like AMD, Facebook, Amazon, and Alphabet will publish strong quarterly results this week. Other tech Read more…
Markets Wall Street tried to shrug off a rough month by printing impressive back-to-back gains. The Nasdaq outperformed, eking out another 3%+ gain. January is still the worst month for the tech-heavy index since March Read more…
Daily Pivots: (S1) 154.34; (P) 154.84; (R1) 155.27; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. Fall from 157.74 should be the third leg of the corrective pattern from 158.19. Deeper decline Read more…
Daily Pivots: (S1) 128.73; (P) 129.05; (R1) 129.65; More…. Intraday bias in EUR/JPY remains neutral for consolidation above 128.23 temporary low. Outlook is unchanged that corrective pattern from 134.11 is extending with another falling leg. Read more…
Daily Pivots: (S1) 0.8320; (P) 0.8340; (R1) 0.8374; More… Intraday bias in EUR/GBP is turned neutral as it recovered after touching 0.8304 support. Near term outlook stays bearish as long as 0.8421 resistance holds. Break Read more…
Daily Pivots: (S1) 1.5822; (P) 1.5887; (R1) 1.5960; More… EUR/AUD is losing upside momentum as seen in 4 hour MACD. But further rise is mildly in favor with 1.5712 support intact. Rebound from 1.5559 would Read more…
Daily Pivots: (S1) 1.0370; (P) 1.0405; (R1) 1.0448; More…. EUR/CHF is staying in the corrective pattern from 1.0298 and outlook is unchanged. Intraday bias remains neutral at this point. Upside should be limited well below Read more…
The S&P500 finished January with a strong two-day rally, but the index is still more than 5% lower than where it kicked off the year, having recorded its worst month since March 2020. Nasdaq closed Read more…
Daily Pivots: (S1) 1.1165; (P) 1.1207; (R1) 1.1274; More… Intraday bias in EUR/USD remains neutral for consolidation above 1.1120 temporary low. Further fall is expected as long as 1.1299 minor resistance holds. On the downside, Read more…
Daily Pivots: (S1) 1.3400; (P) 1.3431; (R1) 1.3475; More… Intraday bias in GBP/USD remains neutral for consolidation above 1.3356 temporary low. Further decline is expected with 1.3523 minor resistance intact. As noted before, rebound from Read more…