Daily Pivots: (S1) 1.0313; (P) 1.0421 (R1) 1.0488; More… Intraday bias in EUR/USD stays on the downside for the moment. Decisive break of 1.0339 long term support will carry larger bearish implication and target 161.8% Read more…
Daily Pivots: (S1) 1.2158; (P) 1.2207; (R1) 1.2248; More… GBP/USD’s decline is still in progress and intraday bias stays on the downside. Current down trend should target 200% projection of 1.3641 to 1.2999 from 1.3297 Read more…
Daily Pivots: (S1) 0.9956; (P) 1.0003; (R1) 1.0076; More…. USD/CHF’s rise continues today and there is no sign of topping after breaking 261.8% projection of 0.9149 to 0.9459 from 0.9193 at 1.0005. Intraday bias stays Read more…
Daily Pivots: (S1) 127.21; (P) 128.64; (R1) 129.75; More… Intraday bias in USD/JPY remains mildly on the downside at this point. Correction from 131.34 short term top would extend lower to 125.09 cluster support (38.2% Read more…
Daily Pivots: (S1) 0.6804; (P) 0.6879; (R1) 0.6928; More… Intraday bias in AUD/USD stays on the downside for the moment. Current fall is part of the decline from 0.8006 and should target 0.6756 medium term Read more…
Overall market sentiment stabilize in Asia today, with Nikkei leading other major indexes higher. Bitcoin is trading back above 20k, arguing that the climax of the crypto rout is over. In the currency markets, both Read more…
DXY: On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our 1st resistance in line with the swing high resistance to our Read more…
Fed Chair Jerome Powell said in an interview that “what we were actively considering, and this is just a factual recitation of what happened at the meeting, was a 50-basis point increase… if the economy Read more…
San Francisco Federal Reserve President Mary Daly said yesterday she’d like to Would like to see continued tightening of financial conditions to help bring down inflation. Yet, 75bps rate hike is “not a primary consideration”. Read more…
BoC Deputy Governor Toni Gravelle said yesterday, “our policy rate, at 1%, is too stimulative, especially when inflation is running significantly above the top of our control range. We need our policy rate to be Read more…