All Blogs
Markets participants broadly expected the FOMC to be quite dovish. They were right. Back in December last year, it was considered reasonable to expect at least one rate hike in 2019...
Pivot (invalidation): 59.55 Our preference Long positions above 59.55 with targets at 60.35 & 60.95 in extension. Alternative scenario Below 59.55 look for further downside with 59.00 & 58.65 as targets...
Pivot (invalidation): 15.4200 Our preference Long positions above 15.4200 with targets at 15.6700 & 15.7500 in extension. Alternative scenario Below 15.4200 look for further downside with 15.3500 & 15.2400 as targets...
Pivot (invalidation): 1311.00 Our preference Long positions above 1311.00 with targets at 1324.00 & 1327.50 in extension. Alternative scenario Below 1311.00 look for further downside with 1304.00 & 1298.50 as targets...
Pivot (invalidation): 2815.00 Our preference Long positions above 2815.00 with targets at 2843.75 & 2852.00 in extension. Alternative scenario Below 2815.00 look for further downside with 2805.50 & 2797.00 as targets...
Pivot (invalidation): 11720.00 Our preference Short positions below 11720.00 with targets at 11565.00 & 11475.00 in extension. Alternative scenario Above 11720.00 look for further upside with 11788.00 & 11825.00 as targets...
Pivot (invalidation): 5.4430 Our preference Short positions below 5.4430 with targets at 5.4140 & 5.4040 in extension. Alternative scenario Above 5.4430 look for further upside with 5.4580 & 5.4710 as targets...
Pivot (invalidation): 0.7110 Our preference Long positions above 0.7110 with targets at 0.7180 & 0.7210 in extension. Alternative scenario Below 0.7110 look for further downside with 0.7080 & 0.7055 as targets...
Pivot (invalidation): 1.3320 Our preference Short positions below 1.3320 with targets at 1.3270 & 1.3250 in extension. Alternative scenario Above 1.3320 look for further upside with 1.3345 & 1.3370 as targets...
Pivot (invalidation): 0.9940 Our preference Short positions below 0.9940 with targets at 0.9890 & 0.9870 in extension. Alternative scenario Above 0.9940 look for further upside with 0.9965 & 0.9985 as targets...
Pivot (invalidation): 110.85 Our preference Short positions below 110.85 with targets at 110.35 & 110.00 in extension. Alternative scenario Above 110.85 look for further upside with 111.15 & 111.50 as targets...
Pivot (invalidation): 1.3180 Our preference Long positions above 1.3180 with targets at 1.3250 & 1.3285 in extension. Alternative scenario Below 1.3180 look for further downside with 1.3145 & 1.3105 as targets...
Pivot (invalidation): 1.1390 Our preference Long positions above 1.1390 with targets at 1.1450 & 1.1475 in extension. Alternative scenario Below 1.1390 look for further downside with 1.1365 & 1.1340 as targets...
EURUSD bull pressure remains towards major resistance at 1.1419 area. This is coming on the back of its recent gain. Support lies at the 1.1300 where a break will turn attention to the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150...
There is a high probability that Prime Minster May will pass out due to g-force in the British politics. The UK is hurling towards Brexit with no steering or brakes, so can someone call Denzel Washington, please (see classi film "Unstoppable...
Despite the chaos unfolding in the UK, market volatility has eased ahead of the FOMC (Federal Open Market Committee) meeting. Perhaps the only assets showing real directional momentum are lean hog futures, which hit a new high...
Pivot (invalidation): 58.60 Our preference Long positions above 58.60 with targets at 59.25 & 59.55 in extension. Alternative scenario Below 58.60 look for further downside with 58.30 & 58.05 as targets...
Pivot (invalidation): 15.4000 Our preference Short positions below 15.4000 with targets at 15.2400 & 15.1900 in extension. Alternative scenario Above 15.4000 look for further upside with 15.4500 & 15.5000 as targets...
Pivot (invalidation): 1308.00 Our preference Short positions below 1308.00 with targets at 1302.00 & 1299.50 in extension. Alternative scenario Above 1308.00 look for further upside with 1311.00 & 1315.00 as targets...
