Daily Pivots: (S1) 1.2595; (P) 1.2632; (R1) 1.2666; More… Intraday bias in USD/CAD is turned neutral as it retreated after hitting 1.2700. Another rise is mildly in favor as long as 1.2553 minor support holds. Read more…
Daily Pivots: (S1) 128.23; (P) 128.71; (R1) 129.18; More…. A temporary low is formed at 128.23 and intraday bias in EUR/JPY is turned neutral first. Outlook is unchanged that consolidation pattern from 134.11 is extending Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and consolidating in a triangle. We would expect potentially a bounce from our 1st support at 95.878 in line with 23.6% Fibonacci retracement and 127.2% Read more…
Daily Pivots: (S1) 152.96; (P) 153.73; (R1) 154.54; More… In temporary low is formed at 152.88 as GBP/JPY lost downside momentum. Intraday bias is turned neutral first. Outlook is unchanged that fall from 157.74 is Read more…
Markets are relatively steady in Asian today, as traders are awaiting main events of BoC and Fed policy decisions. Asian stocks are treading water after weaker close in US overnight. Dollar remains the strongest one Read more…
Key Highlights Gold price is gaining pace above the $1,800 and $1,820 resistance levels. It broke a connecting bearish trend line at $1,842 on the 4-hours chart. EUR/USD extended decline below the 1.1300 support zone. Read more…
Fed will more likely stick to script today and the FOMC meeting could be a non-event. It’s clearly communicated that net asset purchases will end in March. Markets are expecting a 25bps hike in March Read more…
The opinions on whether BoC will raise interest today are divided. Some expected the tightening cycle to start imminently, with a total of 150bps rate hike this year to 1.75%. Yet, there are conservative opinions Read more…
Short Term Elliott Wave view in GBPUSD suggests the rally to 1.3749 Ended wave (B). Pair has turned lower in wave (C) with internal subdivision as a 5 waves impulse structure. Down from wave (B), Read more…
In the Summary of Opinions at the January 17-18 meeting, BoJ said, “a pick-up in Japan’s economy has become evident” and the economy is “likely to continue recovering moderately”. In fiscal 2022, it’s “highly likely Read more…