Daily Pivots: (S1) 1.0460; (P) 1.0496; (R1) 1.0545; More…. EUR/CHF recovered stronger after hitting 1.0349 support but stays below 1.0527 minor resistance. Intraday bias remains neutral first. On the upside, break of 1.0527 will bring Read more…
Daily Pivots: (S1) 1.2687; (P) 1.2730; (R1) 1.2760; More… USD/CAD is still bounded in range of 1.2634/2795 and intraday bias remains neutral. Further rally is mildly in favor with 1.2634 support intact. On the upside, Read more…
Daily Pivots: (S1) 0.7118; (P) 0.7137; (R1) 0.7173; More… Consolidative trading continues in AUD/USD and intraday bias remains neutral. Further rise would remain mildly in favor as long as 0.7050 support holds. Above 0.7247 will Read more…
Daily Pivots: (S1) 115.29; (P) 115.58; (R1) 115.89; More… Intraday bias in USD/JPY remains neutral first. On the downside, below 115.00 will extend the fall from 116.33, as the third leg of the corrective pattern Read more…
Daily Pivots: (S1) 1.1318; (P) 1.1343; (R1) 1.1384; More… Intraday bias in EUR/USD remains neutral at this point. With 1.1265 minor support intact, further rally will remain mildly in favor. On the upside break of Read more…
Asian markets are cautiously optimistic as worries over Russia-Ukraine situation eased. While there are reports of cyber attacks by Russia on Ukraine’s defence ministry and banks, investors are still calm. If the risks of war Read more…
Australia Westpac-Melbourne Institute leading index rose from -0.1% to 0.4% in December. That’s the first positive, above trend, read on the since Since Delta outbreak last August. The index signalled that growth outlook has improved Read more…
ECB Executive Board member Isabel Schnabel said in an interview, ” it has become increasingly likely that inflation is going to stabilise around our 2 per cent target over the medium term.” There, “we should Read more…
ECB Governing Council member Francois Villeroy de Galhau, useful to have some transition between” the end of emergency PEPP purchases and the regular APP purchases. However, “this reduction could follow a bi-monthly or monthly pace Read more…
DXY: On the H4 timeframe, prices are abiding by a daily ascending trendline and are on bullish momentum. We see the potential for a bounce from our 1st support at 95.951 in line with 38.2% Read more…