Price is reacting above pivot level at 1.61685 which is in line with 50% Fibonacci retracement level , 100% Fibonacci extension and 50MA. Price may potentially bounce to resistance at 1.62675 which is in-line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also approaching support level where...
USDJPY approaching pivot, potential for drop
Price is consolidating inside a symmetrical triangle and approaching our pivot level at 109.990 which is in line with 78.6% Fibonacci retracement level and descending trendline resistance. Price could potentially push down to support at 109.545, which is in line with 78.6% Fibonacci retracement level, 78.6% Fibonacci retracement level and...
GBPUSD is at below pivot, potential for a further drop
Price is reacting below pivot level at 1.37405 which is in line with 50% Fibonacci retracement level , 200% Fibonacci extension and 50MA. Price may potentially drop to support at 1.36580 which is in-line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also approaching resistance level where...
EU power prices surge on reduced gas flows
European consumers, both private households and industry, have witnessed surging electricity and fuel bills during the past six months. While part of the increase is driven by a strong post-Covid growth recovery, the bad news relates to supply which especially for natural gas has been in short supply during this...
Danger lurks beneath the too-tranquil surface
Today we look at whether in relative terms at the very least, the market may have overdone the recent allocation away from China, as the strong rally there this week suggests. Elsewhere, we suggest that the recent sharp bounce-back in US equities is not necessarily a sign of market health...
Market Quick Take – August 25, 2021
Yesterday and overnight saw equity markets generally trying to extend their recent sharp gains but unable to sustain the new highs as a sideways consolidation set in. A bit of caution may settle over the market ahead of the speech from Fed Chair Powell at the Jackson Hole Fed Symposium...
Jackson Hole: If you don’t expect much, you won’t be disappointed!
This week's symposium could offer hints on how the Federal Reserve is looking to start tapering its bond purchase programme. But it is unlikely Fed Chair Jerome Powell will give much details on exact taper timing and composition. There is still a debate among officials regarding the macroeconomic impact of...
The future of energy: A look into Vestas and Siemens Gamesa
Green transformation is not extending the rally from 2020 despite a lot of political tailwind. Investors are looking for the winners and in our recent talk with the Vestas CEO we talked about the future of energy and what that means for the wind turbine industry.Update as of 25 August...
FX Update: Oil-linked currencies first to attempt full recovery.
The combination of a powerful risk-sentiment boost since Friday and a massive boost to crude oil prices since yesterday has helped a near full turnaround in oil-linked currencies, particularly NOK, as EURNOK is back to trading near one-month lows on the change of mood. Elsewhere, USDCAD has also reversed most...
USDCHF Bullish burst 24th Aug 2021
Price is holding above the ascending trendline support, price is expected to rally upwards towards the resistance in line with the 78.6% Fibonacci extension from the pivot level in line with the 38.2% Fibonacci retracement level . Our bullish bias is further supported by the stochastic chart approaching the strong...