Daily Pivots: (S1) 1.4930; (P) 1.4994; (R1) 1.5103; More… Intraday bias in EUR/AUD stays neutral at this point. Corrective rebound from 1.4318 should have completed with three waves up to 1.5227, ahead of 1.5354 resistance. Read more…
Daily Pivots: (S1) 1.0282; (P) 1.0308; (R1) 1.0352; More…. Intraday bias in EUR/CHF remains neutral and further fall is expected with 1.0359 minor resistance intact. Corrective rebound from 0.9970 should have completed with three waves Read more…
Daily Pivots: (S1) 1.0602; (P) 1.0650 (R1) 1.0739; More… Intraday bias in EUR/USD remains mildly on the upside at this point. Rebound from 1.0348 short term bottom is in progress for 55 day EMA (now Read more…
Daily Pivots: (S1) 1.2509; (P) 1.2555; (R1) 1.2633; More.. Intraday bias in GBP/USD stays neutral and outlook is unchanged. Considering bullish convergence condition in 4 hour MACD, break of 1.2637 will confirm short term bottoming Read more…
Daily Pivots: (S1) 0.9607; (P) 0.9679; (R1) 0.9728; More… Intraday bias in USD/CHF stays mildly on the downside for 55 day EMA (now at 0.9595) and below. But downside should be contained by 61.8% retracement Read more…
Daily Pivots: (S1) 127.34; (P) 127.70; (R1) 128.25; More… USD/JPY’s correction from 131.34 is still in progress and deeper fall could be seen to 125.09 cluster support (38.2% retracement of 114.40 to 131.34 at 124.86). Read more…
Daily Pivots: (S1) 0.7060; (P) 0.7093; (R1) 0.7143; More… Intraday bias in AUD/USD stays mildly on the upside for the moment. Rebound from 0.6828 short term bottom would target 55 day EMA (now at 0.7180). Read more…
Daily Pivots: (S1) 1.2742; (P) 1.2796; (R1) 1.2824; More… Intraday bias in USD/CAD stays neutral for the moment. Also, with 1.2712 support intact, further rally is still mildly in favor. On the upside, break of Read more…
The moves in the financial markets are so far rather indecisive. While US stocks rebounded overnight, Asian indexes turned softer. Dollar and Yen are recovering slightly after yesterday’s selloff. Commodity currencies are retreating. European majors Read more…
Japan PMI Manufacturing dropped slightly from 53.5 to 53.2 in May, below expectation of 53.8. PMI services rose from 50.7 to 51.7. PMI Composite ticked up from 51.1 to 51.4. Usamah Bhatti, Economist at S&P Read more…