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EURJPY faces further downside pressure as it looks to weaken further towards its key support at 121.01. On the downside, support comes in at the 121.00 level where a break if seen will aim at the 120.50 level. A cut through here will turn focus to the 120...
Now that details of the Phase One deal are getting finalized and partial tariffs rollback are subsequently published, the People’s Bank of China is determined to keep up with easing of monetary policy. After cutting its 7-day reverse repo rate to 2.50% (prior: 2...
Broadcom Inc. is looking to sell one of its wireless-chip units, a move that would accelerate the company's shift away from its roots as a semiconductor maker...
Pivot (invalidation): 60.65 Our preference Long positions above 60.65 with targets at 61.20 & 61.55 in extension. Alternative scenario...
Pivot (invalidation): 16.9500 Our preference Long positions above 16.9500 with targets at 17.1100 & 17.1800 in extension. Alternative scenario...
Pivot (invalidation): 1474.00 Our preference Long positions above 1474.00 with targets at 1480.50 & 1484.00 in extension. Alternative scenario...
Pivot (invalidation): 3176.00 Our preference Long positions above 3176.00 with targets at 3210.00 & 3225.00 in extension. Alternative scenario...
Pivot (invalidation): 13285.00 Our preference Short positions below 13285.00 with targets at 13200.00 & 13140.00 in extension...
T Pivot (invalidation): 5.9120 Our preference Long positions above 5.9120 with targets at 5.9320 & 5.9420 in extension...
Pivot (invalidation): 0.6855 Our preference Long positions above 0.6855 with targets at 0.6900 & 0.6915 in extension. Alternative scenario...
Pivot (invalidation): 1.3130 Our preference Short positions below 1.3130 with targets at 1.3100 & 1.3080 in extension. Alternative scenario...
Pivot (invalidation): 0.9810 Our preference Short positions below 0.9810 with targets at 0.9790 & 0.9775 in extension. Alternative scenario...
Pivot (invalidation): 109.45 Our preference Long positions above 109.45 with targets at 109.70 & 109.85 in extension. Alternative scenario...
Pivot (invalidation): 1.3105 Our preference Short positions below 1.3105 with targets at 1.3060 & 1.3040 in extension. Alternative scenario...
Pivot (invalidation): 1.1110 Our preference Long positions above 1.1110 with targets at 1.1140 & 1.1155 in extension. Alternative scenario...
EURUSD with the pair continuing to reject higher prices and declining on Wednesday, more decline is envisaged in the days ahead. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1200 level. A breach below here will target the 1.1250 level...
The boards of Peugeot maker PSA Group and rival Fiat Chrysler Automobiles NV on Tuesday backed a binding merger agreement that includes sweeteners to make the trans-Atlantic tie-up more attractive to U.S. regulators and PSA shareholders, according to people familiar with the discussions...
Without additional details with regard to the US – China trade deal along with rumors of potential export quotas for the sale of chips to Chinese tech company Huawei, investors are willing to favor safe-haven currencies ahead of year-end as the best-case scenario is already priced in...
Local students sometimes ask me, generally they are beginners in forex, asking about price movements that run on charts. Basic philosophy - Because no matter how good a boxer is, they still needs a good coach...
