Daily Pivots: (S1) 1.2728; (P) 1.2799; (R1) 1.2837; More… Intraday bias in USD/CAD remains neutral as range trading continues. On the upside, break of 1.2899 will target 1.2963 resistance first. Break there will target key Read more…
Daily Pivots: (S1) 0.7165; (P) 0.7196; (R1) 0.7226; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. Further rally will remain in favor as long as 0.7093 support holds. As noted before, larger Read more…
Daily Pivots: (S1) 117.86; (P) 118.15; (R1) 118.59; More… Intraday bias in USD/JPY remains neutral for consolidation below 118.44 temporary top. In case of deeper retreat, downside should be contained above 116.34 resistance turned support Read more…
Daily Pivots: (S1) 0.9380; (P) 0.9406; (R1) 0.9438; More…. A temporary top is in place at 0.9430 in USD/CHF with 4 hour MACD crossed below signal line. Intraday bias is turned neutral for some consolidations. Read more…
Daily Pivots: (S1) 1.2998; (P) 1.3044; (R1) 1.3087; More… Intraday bias in GBP/USD remains neutral for consolidation above 1.2999 temporary low. Further decline is expected as long as 1.3193 resistance holds. On the downside, below Read more…
Daily Pivots: (S1) 1.0914; (P) 1.0967; (R1) 1.1008; More… EUR/USD is still bounded in range of 1.0805/1120 and intraday bias remains neutral first. Further decline is still expected with 1.1120 support turned resistance intact. On Read more…
Dollar is digesting some of this week’s gain as markets are awaiting FOMC rate hike and economic projections. There are a lot questions to be answered given the uncertainty over inflation and the economic impact Read more…
Fed is widely expected to raise interest rate for the first time since 2018, lifting the federal funds rate target by just 25bps to 0.25-0.50%. It’s nonetheless the start of a tightening cycle to combat Read more…
Japan exports rose 19.1% yoy to JPY 7190B in February. That’s the 12th straight month of growth. Auto exports increased 8.3% yoy, rebounding from January’s -1.0% yoy decline. Exports to the US rose 16.0% yoy Read more…
Australia Westpac-MI leading index improved slightly from -0.50% to -0.25% in February. But Westpac is expecting “strong above trend growth in 2022”, largely due to the aftermath of the extraordinary emergency policy measures from both Read more…