Daily Pivots: (S1) 0.9259; (P) 0.9329; (R1) 0.9428; More… USD/CHF retreated notably after hitting 0.9397 and intraday bias is turned neutral first. With a short term bottoming in place at 0.9199, on bullish convergence condition in 4 hour MACD, risk will stay mildly on the upside. Above 0.9397 will extend the rebound to 55 day […]
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Against the backdrop of military developments in the Middle East, the situation in the oil market is evolving rapidly. Only two days have passed since 9 March, when we published a morning analytical note in Read more…
GBP/USD rose to 1.3450 on Wednesday. Expectations of de-escalation in the Middle East supported the pound, as lower oil prices reduced inflationary risks for the British economy, which is heavily dependent on energy imports. Despite Read more…
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