Asian markets and commodity FX led the way lower overnight as traders continued fret over the potential for a global recession. Asian Indices: Australia’s ASX 200 index fell by -82.4 points (-1.14%) and currently trades Read more…
Market movers today Today is victory day in Russia. We expect President Putin will escalate his rhetoric against the West. The market reaction is uncertain and will depend on the possibility of a Russian attack Read more…
Last week closed on a negative note, as US NFP data came in stronger-than-expected, revived Federal Reserve (Fed) hawks, and sent the major US indices lower. And the new week starts on a negative note, Read more…
Daily Pivots: (S1) 160.39; (P) 161.00; (R1) 161.68; More… Intraday bias in GBP/JPY remains neutral as the corrective pattern from 168.40 is still extending. Break of 159.59 will extend the correction from 168.40 lower. But Read more…
Daily Pivots: (S1) 136.89; (P) 137.53; (R1) 138.31; More…. Intraday bias in EUR/JPY remains neutral as consolidation from 139.99 is still extending. In case of another decline, downside should be contained by 38.2% retracement of 124.37 Read more…
Daily Pivots: (S1) 0.8507; (P) 0.8550; (R1) 0.8589; More… Intraday bias in EUR/GBP remains on the upside for the moment. Current rally should now target 0.8697 medium term fibonacci level next. On the downside, below Read more…
Daily Pivots: (S1) 1.4812; (P) 1.4891; (R1) 1.4991; More… Intraday bias in EUR/AUD remains neutral for the moment. On the upside, break of 1.5053 will resume the rebound from 1.4318, and target 61.8% retracement of Read more…
Daily Pivots: (S1) 1.0354; (P) 1.0403; (R1) 1.0472; More…. Intraday bias in EUR/CHF remains on the upside at this point. Current rise from 0.9970 should target 100% projection of 0.9970 to 1.0086 from 1.0400 at Read more…
Daily Pivots: (S1) 1.0487; (P) 1.0543 (R1) 1.0603; More… Intraday bias in EUR/USD remains neutral as range trading continues. In case of another recovery, upside should be limited by 1.0756 support turned resistance to bring Read more…
Daily Pivots: (S1) 1.2285; (P) 1.2332; (R1) 1.2389; More… Intraday bias in GBP/USD remains on the downside at this point. Firm break of 161.8% projection of 1.3641 to 1.2999 from 1.3297 at 1.2258 will extend Read more…