Blogs

<p>Pivot (invalidation): 1.3540 Our preference Long positions above 1.3540 with targets at 1.3595 & 1.3620 in extension. Alternative scenario Below 1.3540 look for further downside with 1.3505 & 1.3480 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.</p> <

<p>Pivot (invalidation): 0.9500 Our preference Short positions below 0.9500 with targets at 0.9475 & 0.9460 in extension. Alternative scenario Above 0.9500 look for further upside with 0.9520 & 0.9545 as targets. Comment The upward potential is likely to be limited by the resistance at 0.9500.</p> <p>The post <a rel=&

<p>Pivot (invalidation): 107.05 Our preference Short positions below 107.05 with targets at 106.70 & 106.50 in extension. Alternative scenario Above 107.05 look for further upside with 107.20 & 107.30 as targets. Comment As Long as the resistance at 107.05 is not surpassed, the risk of the break below 106.70 remains high.</p>

<p>Pivot (invalidation): 1.2565 Our preference Short positions below 1.2565 with targets at 1.2510 & 1.2485 in extension. Alternative scenario Above 1.2565 look for further upside with 1.2590 & 1.2620 as targets. Comment As Long as the resistance at 1.2565 is not surpassed, the risk of the break below 1.2510 remains high.</p>

<p>Pivot (invalidation): 1.1255 Our preference Short positions below 1.1255 with targets at 1.1225 & 1.1205 in extension. Alternative scenario Above 1.1255 look for further upside with 1.1275 & 1.1295 as targets. Comment The upward potential is likely to be limited by the resistance at 1.1255.</p> <p>The post <a rel=&

<p>Yesterday, official data showed that U.K. CPI grew 0.5% on year in May (as expected). Meanwhile, the Bank of England is expected to hold its benchmark rate at 0.10% later today, while asset purchase target is anticipated to rise to 745 billion pounds from 645 billion pounds. From a technical point of view, on a […]

<p>Rates: TLTRO take-up in excess of €1tn?! The results of the first TLTRO operation at generous conditions will be published today. Markets expect a record take-up, well in excess of €1tn. Risk sentiment is fragile this morning, with most Asian stock markets and US equity futures down. Core bonds profit. Currencies: Dollar maintains recent g

<p>The British pound starting to consolidate against the US dollar currency, ahead of today’s key interest rate decision from the Bank of England. Bulls need to move price above the 1.2640 level to encourage a test of the 1.2710 or 1.2800 level. A loss of the 1.2500 support level would confirm that the GBPUSD pair […]

<p>The US dollar is trading in a tight range against the Japanese yen currency as traders await the next major directional move in the pair. Technical analysis shows that a decline in the USDJPY pair below the 106.00 level could cause a drop towards the 103.00 area. A move above the 108.00 resistance level is […]

<p>Bitcoin has been consolidating in its narrowest daily price range of the month so far, as traders await the next major directional move. Dip-buyers may use any pullbacks towards the $9,200 level as an opportunity to enter the bullish medium-term trend. If the $9,300 support level is broken then the BTCUSD pair could slip towards […]