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After rejecting PM May’s Withdrawal Agreement and failing to agree on any alternative, UK MPs are again counting on May’s persuasive power to obtain another extension agreement...
In light of news that a major French Bank will layoff 1,600 employees, the topic of ECB negative interest rates effect on banks’ balance sheets has become hot again. Discussion on negative rates will be the focal point of this week’s ECB meeting...
Pivot (invalidation): 63.90 Our preference Long positions above 63.90 with targets at 65.20 & 65.60 in extension. Alternative scenario Below 63.90 look for further downside with 63.50 & 63.15 as targets...
Pivot (invalidation): 15.1600 Our preference Long positions above 15.1600 with targets at 15.3000 & 15.3800 in extension. Alternative scenario Below 15.1600 look for further downside with 15.0900 & 15.0400 as targets...
Pivot (invalidation): 1295.75 Our preference Long positions above 1295.75 with targets at 1300.75 & 1303.50 in extension. Alternative scenario Below 1295.75 look for further downside with 1291.00 & 1288.00 as targets...
Pivot (invalidation): 2883.25 Our preference Long positions above 2883.25 with targets at 2904.50 & 2910.00 in extension. Alternative scenario Below 2883.25 look for further downside with 2869.00 & 2859.25 as targets...
Pivot (invalidation): 12010.00 Our preference Short positions below 12010.00 with targets at 11918.00 & 11876.00 in extension. Alternative scenario Above 12010.00 look for further upside with 12060.00 & 12112.00 as targets...
Pivot (invalidation): 5.6600 Our preference Long positions above 5.6600 with targets at 5.7170 & 5.7400 in extension. Alternative scenario Below 5.6600 look for further downside with 5.6280 & 5.6000 as targets...
Pivot (invalidation): 0.7110 Our preference Long positions above 0.7110 with targets at 0.7145 & 0.7165 in extension. Alternative scenario Below 0.7110 look for further downside with 0.7095 & 0.7085 as targets...
Pivot (invalidation): 1.3340 Our preference Short positions below 1.3340 with targets at 1.3295 & 1.3275 in extension. Alternative scenario Above 1.3340 look for further upside with 1.3365 & 1.3385 as targets...
Pivot (invalidation): 0.9995 Our preference Short positions below 0.9995 with targets at 0.9980 & 0.9965 in extension. Alternative scenario Above 0.9995 look for further upside with 1.0005 & 1.0015 as targets...
Pivot (invalidation): 111.55 Our preference Short positions below 111.55 with targets at 111.25 & 111.00 in extension. Alternative scenario Above 111.55 look for further upside with 111.75 & 111.85 as targets...
Pivot (invalidation): 1.3055 Our preference Long positions above 1.3055 with targets at 1.3090 & 1.3115 in extension. Alternative scenario Below 1.3055 look for further downside with 1.3035 & 1.3005 as targets...
Pivot (invalidation): 1.1250 Our preference Long positions above 1.1250 with targets at 1.1275 & 1.1285 in extension. Alternative scenario Below 1.1250 look for further downside with 1.1235 & 1.1220 as targets...
GBPUSD retains downside pressure with eyes on 1.2986 zone. Below that level will open the door for more towards 1.2950 level. Further down, support comes in at the 1.2900 level where a break will turn focus to the 1.2850 level. Further down, support lies at the 1.2800 level...
A rebound in US employment figures, ongoing sanctions in Iran, Venezuela and now war escalation in Libya without mentioning OPEC’s production cut and improving Sino-American trade discussions remain the major factors for current lift in oil prices...
At the start of the trading week, markets are lacking new drivers that could provide meaningful direction. Last week, US labor market data failed to provide any clarity. US NPF recovered to 196k from ultra weak 20k prior read while wage growth decelerated to 3.2% from 3.4...
Pivot (invalidation): 62.75 Our preference Long positions above 62.75 with targets at 63.90 & 64.45 in extension. Alternative scenario Below 62.75 look for further downside with 62.20 & 61.85 as targets...
Pivot (invalidation): 15.0700 Our preference Long positions above 15.0700 with targets at 15.2500 & 15.3200 in extension. Alternative scenario Below 15.0700 look for further downside with 15.0200 & 14.9400 as targets...
