Month: May 2022

Spot gold accelerated lower, losing 1.9% in Asian and European trading on Monday, after directionless movements last Friday and Thursday. Fresh weakness hit 2 ½ month low on break of supports at $1876/73 (100DMA / Read more…

Daily Pivots: (S1) 1.0495; (P) 1.0544 (R1) 1.0596; More… EUR/USD is staying in consolidation from 1.0470 and intraday bias remains neutral. Upside of recovery should be limited by 1.0756 support turned resistance to bring fall Read more…

Daily Pivots: (S1) 1.2480; (P) 1.2547; (R1) 1.2647; More… Intraday bias in GBP/USD remains neutral for the moment. Consolidation from 1.2410 could extend further. But upside of recovery should be limited below 1.2999 support turned Read more…

Daily Pivots: (S1) 0.9692; (P) 0.9714; (R1) 0.9758; More…. Intraday bias in USD/CHF is back on the upside with break of 0.9758 temporary top. Current rally should target next medium term projection level at 0.9864. Read more…

Daily Pivots: (S1) 129.14; (P) 130.04; (R1) 130.77; More… USD/JPY is still bounded in consolidation from 131.24 and intraday bias remains neutral first. Near term outlook remains bullish with 126.91 support intact. Break of 131.24 Read more…

Daily Pivots: (S1) 1.2765; (P) 1.2813; (R1) 1.2907; More… USD/CAD’s rally from 1.2401 resumes by breaking through 1.2879 temporary top. Intraday bias is back on the upside for 1.3022 fibonacci level next. Decisive break there Read more…

Dollar remains the firmer one today, in quiet markets, as traders are awaiting Fed’s rate hike, and forward guidance later in the week. Yen’s trading tone is so far positive, as risk markets lack buyers. Read more…