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<p>The forex markets continue to be lacking a clear direction for now. New Zealand and Australian Dollar are mildly softer today, following weaker than expected data. But losses are so far limited. Yen, Euro and Dollar strengthen mildly but there is also no follow through buying. Focus will turn to SNB and BoE monetary policy […]

<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks rose +7.09 mmb to 1446.72 mmb in the week ended June 12. Crude oil inventory added +1.22 mmb (consensus: -0.15 mmb) to 538.07 mmb. Stockpile fell in 2 out of 5 PADDs. PADD 3 (Gulf […]

<p>INDICES Yesterday, European stocks were firm, with the Stoxx Europe 600 Index rising 0.7%. Germany’s DAX 30 increased 0.5%, France’s CAC 40 advanced 0.9%, and the U.K.’s FTSE 100 was up 0.2%. EUROPE ADVANCE/DECLINE 56% of STOXX 600 constituents traded higher yesterday. 73% of the shares trade above their 20D MA vs 73% Tue

<p>The Australian dollar remains in red on Thursday as lower Asian stocks weighed, and weak Australia’s jobs data added to negative tone. Unemployment rate jumped to the highest in nearly two decades (7.1%) in May and employment fell for a further 227K after 594K slump in April, pointing to the economic damage caused by pandemic. […]

<p>Gold is trapped inside a triangle range and at this point we can see the price struggling to go anywhere. If the price breaks 1730 with a momentum candle we should see the move to upper levels 1741 and 1748. However a move down below 1711 should make a drop towards 1692. The price is […]

<p>Pivot (invalidation): 38.35 Our preference Short positions below 38.35 with targets at 36.40 & 35.90 in extension. Alternative scenario Above 38.35 look for further upside with 39.05 & 39.60 as targets. Comment The RSI is bearish and calls for further downside.</p> <p>The post <a rel="nofollow" href="

<p>Pivot (invalidation): 17.3100 Our preference Long positions above 17.3100 with targets at 17.6000 & 17.7500 in extension. Alternative scenario Below 17.3100 look for further downside with 17.1400 & 16.9300 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.</p&

<p>Pivot (invalidation): 3154.00 Our preference Short positions below 3154.00 with targets at 3077.00 & 3017.00 in extension. Alternative scenario Above 3154.00 look for further upside with 3184.00 & 3233.00 as targets. Comment The RSI is bearish and calls for further decline.</p> <p>The post <a rel="nofollow&quo

<p>Pivot (invalidation): 6.8310 Our preference Long positions above 6.8310 with targets at 6.8610 & 6.8720 in extension. Alternative scenario Below 6.8310 look for further downside with 6.8190 & 6.8070 as targets. Comment A support base at 6.8310 has formed and has allowed for a temporary stabilisation.</p> <p>The post &

<p>Pivot (invalidation): 0.6890 Our preference Short positions below 0.6890 with targets at 0.6830 & 0.6795 in extension. Alternative scenario Above 0.6890 look for further upside with 0.6915 & 0.6935 as targets. Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.</p>