<p>Pivot</p> <p> (invalidation): 1.3945 </p> <p>Our preference</p> <p>Short positions below 1.3945 with targets at 1.3880 & 1.3845 in extension.</p> <p>Alternative scenario</p>
Blogs
(11 MAY 2020)USD/JPY Bullish bias above 106.60.
<p>Pivot</p> <p> (invalidation): 106.60 </p> <p>Our preference</p> <p>Long positions above 106.60 with targets at 107.00 & 107.15 in extension.</p> <p>Alternative scenario</p>
(11 MAY 2020)USD/CHF Bullish bias above 0.9685.
<p>Pivot</p> <p> (invalidation): 0.9685 </p> <p>Our preference</p> <p>Long positions above 0.9685 with targets at 0.9730 & 0.9750 in extension.</p> <p>Alternative scenario</p>
(11 MAY 2020)GBP/USD Bullish bias above 1.2395.
<p>Pivot</p> <p> (invalidation): 1.2395 </p> <p>Our preference</p> <p>Long positions above 1.2395 with targets at 1.2455 & 1.2485 in extension.</p> <p>Alternative scenario</p>
(11 MAY 2020)EUR/USD Turning up.
<p>Pivot</p> <p> (invalidation): 1.0820 </p> <p>Our preference</p> <p>Long positions above 1.0820 with targets at 1.0875 & 1.0895 in extension.</p> <p>Alternative scenario</p>
The VIX Index: Gauge Volatility in Futures Markets
<p>The Chicago Board Options Exchange (CBOE) Volatility Index – commonly referred to as the VIX – is the most widely used tool to gauge financial volatility. Used by traders of all asset types, the benchmark VIX index reflects both investor sentiment and market risk. Also known as the fear gauge or fear index, financial volatility [&hel
Real Unemployment Rate in the US Could be Much Higher
<p>Non-Farm Payrolls reports released on last Friday showed that US basic labor market metrics have deteriorated, albeit at a slower pace than expected. Unemployment rose to 14.7% (vs. 16.0% forecast), jobs count suffered steep contraction by 20.5 million (vs. 22 million forecast). It would seem that the less downbeat report prompts us to rev
Daily Commodity Outlook, May 11 2020
<p><span>Asian stocks saw modest gains in early trading Monday and the yen retreated after a number of countries reported the fewest deaths from the coronavirus since March. Crude oil fell. Futures on the S&P 500 fluctuated after the index gained on Friday even in the wake of a historic surge in American unemployment. Japanese,
USD/RUB is Playing a Waiting Game: What’s Next?
<p>Good day!</p> <p>Russian ruble is remaining in the descending triangle, targeting its lower side or the supporting level of 72.70. There is a feel that the currency pair might pull from the horizontal line and jump anytime soon:</p> <p><img class="alignnone size-large wp-image-43195" src="http://bl
Precious Metals Monday 11-05-2020
<h2>Gold</h2> <p>The gold market has started the week in neutral with price hugging the 1703.10 level support currently. Upside momentum has been lost amidst a backdrop of stronger equities prices and a stronger US Dollar. On Friday, the Non-Farm Payrolls report highlighted record weakness in the US labour market with the headline