Daily Pivots: (S1) 0.9637; (P) 0.9675; (R1) 0.9745; More… Intraday bias in USD/CHF remains neutral first with focus on 0.9763 minor resistance. Break there will suggest that the pull back from 1.0063 has completed. Bias Read more…
Daily Pivots: (S1) 130.88; (P) 131.44; (R1) 132.46; More… USD/JPY’s strong break of 131.34 resistance confirms up trend resumption. Intraday bias remains on the upside. Next target is 61.8% projection of 114.40 to 131.34 from Read more…
Daily Pivots: (S1) 1.2543; (P) 1.2572; (R1) 1.2609; More… USD/CAD continues to lose downside momentum, but further decline is still expected with 1.2685 minor resistance intact. Decisive break of 1.2401 support will argue that whole Read more…
Daily Pivots: (S1) 0.7177; (P) 0.7204; (R1) 0.7222; More… AUD/USD recovers today but stays below 0.7282 temporary top. Intraday bias remains neutral first. Further rise will remain in favor as long as 0.7034 support holds. Read more…
Australian Dollar rises broadly after RBA surprised the markets by a larger than expected 50bps rate hike. It’s now overpowering the strong Canadian and US Dollars. On the other hand, Yen’s weakness persists on rising Read more…
RBA raises cash rate target by 50bps to 0.85% today, larger than expectation of 40bps. Interest rate on exchange settlement balances is also lifted by 50bps to 75bps. The central bank also maintains tightening bias, Read more…
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points Read more…
Short Term Elliott Wave View in FTSE suggests rally from 3/7/2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 3/7 low, wave (1) ended at 7669.56 and pullback in wave Read more…
DXY: On the H4, with RSI moving in a descending channel, we have a bearish bias that price will drop to our 1st support at 101.668 where the horizontal swing low support and 78.6% fibonacci Read more…
BoJ Governor Haruhiko Kuroda said that a weak Yen is “beneficial” for Japan’s economy if the moves are “not too sharp”. He emphasized again that the moves in currency markets should reflect “fundamentals”, and the Read more…