Blogs

<p>In the currency markets, the US dollar halted its decline as the investor sentiment soured again. The EURUSD retraced to 1.1068. Due today, the industrial and services sentiment indices may have dived to negative in March for the first time since 2013. Despite low expectations, there is potential for a harsh disappointment. Hence, the sing

<p>Not surprisingly, last week’s enthusiasm over the Federal Reserve’s (Fed) pledge to buy unlimited amount of assets and the US government’s historical $2-trillion rescue package didn’t last long.</p> <p>The Dow closed Friday’s session 4% lower, as S&amp;P500 (-3.37%) and Nasdaq (-3.79%) broke a three-day winning streak befor

<p>Pivot</p> <p>&nbsp;(invalidation): 21.20 </p> <p>Our preference</p> <p>Short positions below 21.20 with targets at 19.40 &amp; 18.70 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 14.2800 </p> <p>Our preference</p> <p>Short positions below 14.2800 with targets at 13.6100 &amp; 13.4000 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1629.00 </p> <p>Our preference</p> <p>Short positions below 1629.00 with targets at 1606.00 &amp; 1594.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 2638.00 </p> <p>Our preference</p> <p>Short positions below 2638.00 with targets at 2450.00 &amp; 2350.00 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 9870.00 </p> <p>Our preference</p> <p>Short positions below 9870.00 with targets at 9461.00 &amp; 9080.00 in extension.</p> <p>Alternative scenario</p>