Daily Pivots: (S1) 1.0238; (P) 1.0278; (R1) 1.0318; More…. Intraday bias in EUR/CHF remains neutral for the moment. Corrective rebound from 0.9970 should have completed with three waves up to 1.0513, after rejection by 1.0505 Read more…
EUR/USD Today’s session started rather calmly as the common European currency continued to trade against the dollar in the range between 1.0641 and 1.0712. However, the bulls gained momentum and managed to score an increase Read more…
EURGBP posted strong losses on Wednesday, erasing the previous gains, and returning above the 20-day simple moving average (SMA). The bias in the short-term is appearing neutral as the price failed several times to make a daily Read more…
Daily Pivots: (S1) 1.2786; (P) 1.2835; (R1) 1.2868; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. Further rise is mildly in favor with 1.2712 support intact. On the upside, break of 1.3075 Read more…
Daily Pivots: (S1) 0.7043; (P) 0.7081; (R1) 0.7126; More… Intraday bias in AUD/USD is turned neutral first. On the upside, above 0.7126 will extend the rebound from 0.6828 to 55 day EMA (now at 0.7175). Read more…
Daily Pivots: (S1) 126.13; (P) 127.10; (R1) 127.85; More… USD/JPY’s correction from 131.34 could still extend lower. But downside should be contained by 125.09 cluster support (38.2% retracement of 114.40 to 131.34 at 124.86) to Read more…
Daily Pivots: (S1) 0.9599; (P) 0.9621; (R1) 0.9645; More… No change in USD/CHF’s outlook as fall from 1.0063 could extend lower. But downside should be contained by 61.8% retracement of 0.9193 to 1.0063 at 0.9525 Read more…
Daily Pivots: (S1) 1.2510; (P) 1.2551; (R1) 1.2620; More.. GBP/USD’s recovery from 1.2154 extends higher but stays below 1.2637 resistance. Intraday bias remains neutral for the moment. On the upside, firm break of 1.2637 resistance Read more…
The recovery in Dollar and Yen appeared to be rather short-lived, as overall risk sentiment was steady. FOMC minutes affirmed market expectations of 50bps rate hikes ahead, which is not news. That triggered little reaction Read more…
RBNZ Governor Adrian Orr told a parliamentary committee today, “the single biggest risk to this nation at the moment is enabling current high CPI inflation to become embedded in future ongoing inflation expectation.” Orr said Read more…