Daily Pivots: (S1) 128.87; (P) 129.32; (R1) 129.82; More… USD/JPY is staying in consolidation from 131.34 and intraday bias remains neutral for the moment. Another fall could be seen and break of 127.51 will target Read more…
Daily Pivots: (S1) 0.9896; (P) 0.9963; (R1) 1.0006; More…. USD/CHF is staying in range below 1.0063 and intraday bias remains neutral. Considering bearish divergence condition in 4 hour MACD, break of 0.9871 support will indicate Read more…
Daily Pivots: (S1) 1.0468; (P) 1.0512 (R1) 1.0594; More… EUR/USD is still bounded in range above 1.0348 and intraday bias remains neutral first. Considering bullish convergence condition in 4 hour MACD, break of 1.0641 resistance Read more…
Stock are lower Wednesday as Target earnings disappoint and Fed Chair Powell warns ‘there could some pain involved’ with the Fed’s inflation approach. Stocks were falling Wednesday following disappointing results from another major retailer and Read more…
Daily Pivots: (S1) 1.2374; (P) 1.2436; (R1) 1.2557; More.. GBP/USD dips mildly today but overall, it’s staying in consolidation from 1.2154. Intraday bias remains neutral at this point and further decline will remain in favor Read more…
Dollar and Yen are recovering mildly today but overall major pairs and crosses are stuck in very tight range. European majors are the weaker ones, with Sterling having a lower handle. Commodity currencies are mixed. Read more…
After a strong close on Tuesday, stocks are set to fall on the open today as inflation fears and weak earnings hit market sentiment. US futures Dow futures -0.5 % at 32466 S&P futures -0.7% Read more…
Spot gold remains at the back foot on Wednesday and extends fresh weakness, after brief recovery from new 4 ½ month low ($1786) was capped by 200DMA ($1836). Today’s reaction on strong rise of UK Read more…
After three successive winning sessions, the Australian dollar has reversed directions on Wednesday. In the European session, AUD/USD is trading slightly above the symbolic 70 level. Wage growth ticks higher It wasn’t all that long Read more…
Canada CPI ticked up further to 6.8% yoy in April, up from March’s 6.7% yoy, above expectation of 6.7% yoy. CPI ex-gasoline accelerated to 5.8%, up from 5.5% yoy, fastest since the series was introduced Read more…