Daily Pivots: (S1) 0.7278; (P) 0.7307; (R1) 0.7351; More… Intraday bias in AUD/USD remains neutral and more corrective trading could be seen below 0.7440. But overall, further rally will remain in favor as long as Read more…
Daily Pivots: (S1) 115.36; (P) 115.58; (R1) 115.88; More… Intraday bias in USD/JPY remains neutral as sideway trading from 116.34 is still extending. Range trading continues in USD/JPY and intraday bias remains neutral. On the Read more…
Daily Pivots: (S1) 0.9243; (P) 0.9273; (R1) 0.9296; More…. Intraday bias in USD/CHF remains neutral at this point and sideway trading could continue. Choppy rise from 0.8925 would still be in favor to extend higher Read more…
Daily Pivots: (S1) 1.3118; (P) 1.3154; (R1) 1.3219; More… Intraday bias in GBP/USD stays neutral for consolidation above 1.3080 temporary low. Upside of recovery should be limited by 1.3270 support turned resistance. On the downside, Read more…
Daily Pivots: (S1) 1.0944; (P) 1.1019; (R1) 1.1149; More… Intraday bias in EUR/USD remains neutral first despite the strong rebound from 1.0805, and outlook as unchanged. As long as 1.1120 support turned resistance holds, larger Read more…
Yen and Swiss Franc are both under selling pressure following the strong rebound in global stock markets. While it’s too early to conclude that risk appetite has returned from the shadow of Russia invasion of Read more…
A tremendous amount of uncertainty was added to ECB outlook from Russia’s invasion of Ukraine. There were expectations that ECB could announce an earlier end to its asset purchase program at today’s meeting, paving the Read more…
Japan corporate goods price index rose 9.3% yoy in February, above expectation of 8.7% yoy. At 110.7, the index hit the highest level marked since 1985. That’s also the highest rise on record, as led Read more…
DXY: On the H4 timeframe, prices are resting on a strong support. We see the potential for further bullish continuation from our 1st support at 97.846 in line with 50% Fibonacci retracement and 127.2% Fibonacci Read more…
The pound has fallen victim to the market turmoil sparked by the Ukraine conflict, plunging more than 3.5% since late February when tensions with Russia started to rapidly escalate. Investors still expect that the Bank Read more…