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US stocks posted modest gains and equities in Asia lacked direction, as better-than-expected US factory orders didn’t better the mood in the absence of an agreement for more US fiscal stimulus and rumors that the US and China will review their phase-one trade deal spurred worries that the deal co...
Pivot (invalidation): 41.20 Our preference Long positions above 41.20 with targets at 42.05 & 42.55 in extension. Alternative scenario Below 41.20 look for further downside with 40.95 & 40.50 as targets...
Pivot (invalidation): 25.3400 Our preference Long positions above 25.3400 with targets at 26.3000 & 26.8500 in extension. Alternative scenario Below 25.3400 look for further downside with 24.9500 & 24.7000 as targets...
Pivot (invalidation): 2007.00 Our preference Long positions above 2007.00 with targets at 2031.00 & 2042.00 in extension. Alternative scenario Below 2007.00 look for further downside with 2000.00 & 1993.00 as targets...
Pivot (invalidation): 3272.00 Our preference Long positions above 3272.00 with targets at 3329.00 & 3360.00 in extension. Alternative scenario Below 3272.00 look for further downside with 3223.00 & 3200.00 as targets...
Pivot (invalidation): 12500.00 Our preference Long positions above 12500.00 with targets at 12770.00 & 12825.00 in extension. Alternative scenario Below 12500.00 look for further downside with 12370.00 & 12260.00 as targets...
Pivot (invalidation): 6.9350 Our preference Short positions below 6.9350 with targets at 6.8720 & 6.8500 in extension. Alternative scenario Above 6.9350 look for further upside with 6.9580 & 6.9750 as targets...
Pivot (invalidation): 0.7150 Our preference Long positions above 0.7150 with targets at 0.7210 & 0.7230 in extension. Alternative scenario Below 0.7150 look for further downside with 0.7130 & 0.7110 as targets...
Pivot (invalidation): 1.3330 Our preference Short positions below 1.3330 with targets at 1.3270 & 1.3240 in extension. Alternative scenario Above 1.3330 look for further upside with 1.3360 & 1.3400 as targets...
Pivot (invalidation): 0.9160 Our preference Short positions below 0.9160 with targets at 0.9095 & 0.9070 in extension. Alternative scenario Above 0.9160 look for further upside with 0.9185 & 0.9210 as targets...
Pivot (invalidation): 105.85 Our preference Short positions below 105.85 with targets at 105.45 & 105.25 in extension. Alternative scenario Above 105.85 look for further upside with 106.20 & 106.45 as targets...
Pivot (invalidation): 1.3050 Our preference Long positions above 1.3050 with targets at 1.3105 & 1.3140 in extension. Alternative scenario Below 1.3050 look for further downside with 1.3010 & 1.2980 as targets...
Pivot (invalidation): 1.1780 Our preference Long positions above 1.1780 with targets at 1.1820 & 1.1860 in extension. Alternative scenario Below 1.1780 look for further downside with 1.1750 & 1.1720 as targets...
At the regular scheduled meeting on Tuesday, the Reserve Bank of Australia left monetary policy unchanged, keeping the key interest rate at a record low of 0.25%, and the target level of 3-year government bond yield - also at 0.25...
The economic calendar for Tuesday is light. The US factory orders are expected to have improved 5% in June versus 8% a month earlier on the back of renewed virus-containment measures and the European factory gate prices are expected to have risen 0.5% m-o-m in June from -0...
US and European stock markets advanced on the back of promising economic data on Monday. Technology stocks led gains. The DAX rallied 2.71% and Nasdaq (+1.47%) renewed record as investors continued piling into technology stocks favourable for the stay-home business conditions...
Pivot (invalidation): 40.35 Our preference Long positions above 40.35 with targets at 41.20 & 41.55 in extension. Alternative scenario Below 40.35 look for further downside with 39.95 & 39.60 as targets...
Pivot (invalidation): 24.1400 Our preference Long positions above 24.1400 with targets at 24.7000 & 24.9500 in extension. Alternative scenario Below 24.1400 look for further downside with 24.0000 & 23.8000 as targets...
Pivot (invalidation): 1966.00 Our preference Long positions above 1966.00 with targets at 1988.00 & 2000.00 in extension. Alternative scenario Below 1966.00 look for further downside with 1959.00 & 1949.00 as targets...
