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<p>The euro currency continues to extend declines. The support level near 1.0811 was lost. In the process, price action is forming a potential head and shoulders pattern. The neckline support is forming at the 1.0793 level. Currently, prices have bounced back off this level which could see a right shoulder forming. If this is validated, [&hel

<p>Call it a tug-of-war, tail-chasing or FOMO of galactic proportions, financial markets continued to defy reality and confound last night. Impressively they made a mockery of all the author’s outlooks yesterday, with the US Dollar, equities, energy and precious metals all rising in overnight trading. Apart from being impressively wrong on ev

<p>Pivot (invalidation): 26.75 Our preference Long positions above 26.75 with targets at 27.95 & 28.55 in extension. Alternative scenario Below 26.75 look for further downside with 26.20 & 25.70 as targets. Comment The RSI is mixed to bullish.</p> <p>The post <a rel="nofollow" href="https://www.actionfo

<p>Pivot (invalidation): 1722.00 Our preference Long positions above 1722.00 with targets at 1743.00 & 1748.00 in extension. Alternative scenario Below 1722.00 look for further downside with 1709.00 & 1702.00 as targets. Comment The RSI is mixed with a bullish bias.</p> <p>The post <a rel="nofollow" href=&qu

<p>Pivot (invalidation): 10160.00 Our preference Long positions above 10160.00 with targets at 10475.00 & 10600.00 in extension. Alternative scenario Below 10160.00 look for further downside with 10000.00 & 9840.00 as targets. Comment The RSI calls for a rebound.</p> <p>The post <a rel="nofollow" href="

<p>Pivot (invalidation): 6.9460 Our preference Short positions below 6.9460 with targets at 6.8960 & 6.8790 in extension. Alternative scenario Above 6.9460 look for further upside with 6.9710 & 6.9960 as targets. Comment A break below 6.8960 would trigger a drop towards 6.8790.</p> <p>The post <a rel="nofollow&qu

Economists at Danske Bank see the PLN staging a comeback in H2 as the economic recovery in the global and Polish economies take hold. Key quotes “We t

Italy Consumer Price Index (YoY) meets forecasts (0%) in April

Italy Consumer Price Index (MoM) registered at 0%, below expectations (0.1%) in April

Italy Consumer Price Index (EU Norm) (YoY) in line with forecasts (0.1%) in April