Category Archives: Uncategorized

EUR/USD INTRADAY: CAUTION. Pivot: 1.303 Most Likely Scenario: Short positions below 1.303 with targets @ 1.295 & 1.2915 in extension. Alternative scenario: Above 1.303 look for further upside with 1.306 & 1.309 as targets. Comment: the pair is rebounding and … Continue reading →

THE BIG PICTURE Technicals on the driving seat: With the initial jobless claims released yesterday in the U.S. climbing to a six week high, and with the continuous claims figure also missing estimates, one would have expected the dollar to … Continue reading →

Dow Jones (Jun 13) intraday: bullish bias above 14650 Pivot: 14650 Our preference: LONG positions above 14650 with targets @ 14830 & 14885. Alternative scenario: The downside penetration of 14650 will call for 14530 & 14430. Comment: the immediate trend … Continue reading →

[EURUSD] Intraday Highlight: the downside prevails Pivot:1.298 Most Likely Scenario: Short positions below 1.298 with targets at 1.292 and 1.2875 in extension Alternative scenario: Above 1.298 look for further upside with 1.304 and 1.3105 as targets Comments: a break below … Continue reading →

THE BIG PICTURE The euro’s rise against most currencies overnight raises a fascinating point: does Cyprus matter to the markets? This may be the gamble that the EU is making. Their brinksmanship depends on investors thinking that this small island … Continue reading →

Euro on hold while market awaiting ECB EUR/USD … 1.2885 Market managed to obtain fast rebound yesterday after Cypriot Parliament rejected the Bank levy while market back to under drop pressure today awaiting for the ECB meeting in Frankfurt to … Continue reading →