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Global manufacturing and trade continue to show signs of weakness. Last week's Japanese balance of trade in goods for January showed a deficit, versus expectations for a surplus. The fall was caused by a sharp decline in nominal exports. Those to China dropped 17...
Pivot (invalidation): 57.00 Our preference Long positions above 57.00 with targets at 57.50 & 57.75 in extension. Alternative scenario Below 57.00 look for further downside with 56.65 & 56.40 as targets...
Pivot (invalidation): 15.8800 Our preference Long positions above 15.8800 with targets at 16.0400 & 16.1000 in extension. Alternative scenario Below 15.8800 look for further downside with 15.8200 & 15.7600 as targets...
Pivot (invalidation): 1327.00 Our preference Long positions above 1327.00 with targets at 1336.00 & 1340.00 in extension. Alternative scenario Below 1327.00 look for further downside with 1324.00 & 1321.00 as targets...
Pivot (invalidation): 2777.00 Our preference Long positions above 2777.00 with targets at 2795.00 & 2810.00 in extension. Alternative scenario Below 2777.00 look for further downside with 2763.00 & 2750.00 as targets...
Pivot (invalidation): 11390.00 Our preference Long positions above 11390.00 with targets at 11505.00 & 11560.00 in extension. Alternative scenario Below 11390.00 look for further downside with 11310.00 & 11238.00 as targets...
Pivot (invalidation): 5.3300 Our preference Short positions below 5.3300 with targets at 5.3030 & 5.2890 in extension. Alternative scenario Above 5.3300 look for further upside with 5.3410 & 5.3520 as targets...
Pivot (invalidation): 0.7120 Our preference Long positions above 0.7120 with targets at 0.7160 & 0.7180 in extension. Alternative scenario Below 0.7120 look for further downside with 0.7095 & 0.7070 as targets...
Pivot (invalidation): 1.3170 Our preference Short positions below 1.3170 with targets at 1.3120 & 1.3085 in extension. Alternative scenario Above 1.3170 look for further upside with 1.3200 & 1.3225 as targets...
Pivot (invalidation): 1.0005 Our preference Short positions below 1.0005 with targets at 0.9980 & 0.9960 in extension. Alternative scenario Above 1.0005 look for further upside with 1.0020 & 1.0035 as targets...
Pivot (invalidation): 110.75 Our preference Short positions below 110.75 with targets at 110.55 & 110.40 in extension. Alternative scenario Above 110.75 look for further upside with 110.90 & 111.10 as targets...
Pivot (invalidation): 1.3030 Our preference Long positions above 1.3030 with targets at 1.3095 & 1.3125 in extension. Alternative scenario Below 1.3030 look for further downside with 1.3000 & 1.2965 as targets...
Pivot (invalidation): 1.1320 Our preference Long positions above 1.1320 with targets at 1.1355 & 1.1370 in extension. Alternative scenario Below 1.1320 look for further downside with 1.1300 & 1.1280 as targets...
GOLD rejects higher prices and looks to weaken further lower in the new week. On the downside, support comes in at the 1,320.00 level where a break will turn attention to the 1,310.00 level. Further down, a cut through here will open the door for a move lower towards the 1,300.00 level...
Looking at the first EUR/USD daily chart we can see that the currency pair was in an ascending channel formation, and price broke below, then retraced, and broke below again making a lower low. This could indicate the downward trend resuming...
EURUSD outlook remains higher on more strength as it eyes price extension. Support comes in at the 1.1300 where a break will aim at the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance resides at 1...
First, a review of last week’s events: - EUR/USD. For almost the entire week, the pair stayed where it had been repeatedly a week, a month, and two or three months ago. Apart from the rare short-term breakthroughs, the pair cannot break out of the medium-term corridor 1.1300-1.1500...
Last week’s main event was the publication of January’s FOMC meeting minutes. Even though the release was anxiously awaited, investors’ reaction was quite muted...
