Price is abiding to an ascending trendline, signifying a bullish momentum, however, we are expecting price to do a short-term retracement. We can expect price to be reversing from pivot in line with daily resistance and drop towards the take profit level in line with 23.6% Fibonacci retracement . Our...

Price is on a bearish momentum. We spot a potential entry at 0.92438 in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement and our bearish trendline towards our Take Profit at 0.92148 in line with 50% Fibonacci retracement . Technical indicators are showing bearish momentum. Alternatively, our stop loss...

Price is trading near the graphical overlap resistance level of 133.651 and Fibonacci retracement of -27.2%. Price can potentially dip to the take profit level of 132.772 which is Fibonacci retracement of 50% and 78.6% Fibonacci projection . Our temporary bearish bias is supported by stochastic indicator where it is...

Price is reacting in a ascending channel , signifying a bullish momentum. However, we are expecting price to make a small retracement down from the pivot level in line with 161.8% Fibonacci retracement and 78.6% Fibonacci projection towards the take profit level in line with 127.2% Fibonacci retracement and 127.2%...

Price is trading in an ascending channel and is currently at the resistance of the ascending channel which is in line with 100% Fibonacci projection . Price can then potentially dip back to the take profit level of 1.37205. Alternatively our stop loss level is placed near our graphical swing...

The 2022 French presidential election is still far away. In recent weeks, an unexpected Trump-inspired candidate, Eric Zemmour, has surged in polls. He represents a direct threat to the candidacy of the far-right leader Marine Le Pen. In contrast, president Emmanuel Macron is still miles ahead of the pack. The...

Today features Saxo CIO Steen Jakobsen who takes us through the evidence that stagflation has arrived with sustained higher prices over the horizon while real growth is cratering. We also delve into the copper market, the outlook for a number of currencies, a laundry list of currencies reporting supply chain...

US equities managed their fifth straight positive session yesterday, which has taken the S&P 500 Index close to its all-time highs from early September. US treasury yields are making a splash again as the 10-year benchmark closed at a local high after a prior attempt higher was beaten back. Elsewhere,...