Daily Pivots: (S1) 1.0363; (P) 1.0381; (R1) 1.0393; More…. Intraday in EUR/CHF remains neutral and outlook is unchanged. Recovery from 1.0298 might still extend higher, but upside should be limited well below 1.0510 resistance to Read more…
Daily Pivots: (S1) 153.90; (P) 154.31; (R1) 154.79; More… GBP/JPY is staying in consolidation from 152.88 and intraday bias remains neutral. Fall from 157.74 is seen as the third leg of the corrective pattern from Read more…
Daily Pivots: (S1) 128.26; (P) 128.64; (R1) 128.95; More…. EUR/JPY is staying in consolidation form 128.23 and intraday bias remains neutral at this point. Outlook is unchanged that corrective pattern from 134.11 is extending with Read more…
Daily Pivots: (S1) 1.5763; (P) 1.5822; (R1) 1.5902; More… No change in EUR/AUD’s outlook as range trading is still in progress. Intraday bias remains neutral for the moment. On the upside break of 1.5944 will Read more…
France GDP grew 0.7% qoq in Q4, above expectation of 0.5% qoq. On average over 2021, GDP increased by 7.0% after -8.0% in 2020. GDP was 0.9% above pre-pandemic level in Q4 2019. But the Read more…
EURJPY buyers are fighting back after recording a one-month low of 128.24, where a support base has developed during this past week. That said, the 200-period simple moving average (SMA) is endorsing a broader neutral Read more…
The Fed meeting this week has turned the ECB meeting on Thursday next week much more interesting than anticipated from a market perspective. While we do not expect the meeting to bring significant new signals Read more…
DXY: On the weekly timeframe, prices were on bullish momentum and abiding to our ascending trendline. We see the potential for a dip from our 1st resistance at 97.892 in line with 200% Fibonacci projection Read more…
Daily Pivots: (S1) 0.8313; (P) 0.8336; (R1) 0.8350; More… Intraday bias in EUR/GBP remains on the downside for 0.8304 support first. Break there will remain larger down trend and target 0.8276 long term support next. Read more…
Dollar remains overwhelmingly the strongest one for the week, as boosted by intensified Fed hike expectations. Sterling is trying to catch and trading as the next stronger, with special help from buying against Euro. Australian Read more…