Month: February 2022

Daily Pivots: (S1) 1.2679; (P) 1.2706; (R1) 1.2737; More… Intraday bias in USD/CAD remains neutral as consolidation continues below 1.2795. Further rise is in favor with 1.2634 minor support intact. On the upside, break of Read more…

Daily Pivots: (S1) 0.7153; (P) 0.7190; (R1) 0.7216; More… Intraday bias in AUD/USD remains neutral at this point. Further rise would remain in favor as long as 0.7050 support holds. Above 0.7247 will target 0.7313 Read more…

The markets are steadily mixed in Asian session today. Sentiment is stabilized somewhat on news that US President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, as Read more…

DXY: On the H4, prices are on bullish momentum and have recently broken out of our daily descending trendline. We see potential for bullish continuation from our 1st support at 96.106 in line with 23.6% Read more…

Japan PMI Manufacturing dripped from 55.4 to 52.9 in February, below expectation of 55.0. PMI Services dropped sharply from 47.6 to 42.7, worst reading since May 2020. PMI Composite dropped from 49.9 to 44.6. Usamah Read more…

Australia PMI Manufacturing rose from 55.1 to 57.6 in February. PMI Services jumped from 46.6 to 56.4, an 8-month high. PMI Composite rose from 46.7 to 55.9, also an 8-month high. Jingyi Pan, Economics Associate Read more…

Key Highlights EUR/USD is consolidating above the 1.1300 level. A key contracting triangle is forming with resistance near 1.1365 on the 4-hours chart. GBP/USD is eyeing more upsides above 1.3620 and 1.3640. Gold price extended Read more…

After 1 year of muted and sideways movement, Gold looks to show some strength recently. Gold futures settled at $1900 an ounce for the first time since June last year. A threat of potential war Read more…

Bullish exposure continues to fall for the US dollar despite the Fed on the cusp of beginning their rate-hike cycle. Traders trimmed net-long exposure to the US dollar for a fifth consecutive week. According to Read more…