Month: June 2022

The European Central Bank will conclude its meeting at 11:45 GMT Thursday. With inflation raging, it is almost certain to end asset purchases and telegraph a rate increase for next month. For the euro, the Read more…

Spot gold regained traction on Monday, but gains were limited, retracing the small part of Friday’s 1% drop. Near-term action lack direction but is expected to keep overall positive bias while holding above key supports Read more…

Chinese ADRs rise after regulators wind up a year long investigation into Didi Global. Rising risk sentiment also helps stocks higher. US futures Dow futures +0.8% at 33160 S&P futures +1.04% at 4150 Nasdaq futures Read more…

Daily Pivots: (S1) 130.03; (P) 130.50; (R1) 131.32; More… No change in USD/JPY’s outlook as intraday bias stays on the upside for 131.34 resistance. Decisive break there will confirm larger up trend resumption. Next target Read more…

Daily Pivots: (S1) 0.9575; (P) 0.9609; (R1) 0.9661; More… Range trading continues in USD/CHF and intraday bias remains neutral. Strong support is expected at 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to complete the Read more…

Daily Pivots: (S1) 1.0695; (P) 1.0729 (R1) 1.0755; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the downside, break of 1.0626 minor support will indicate rejection by 55 day EMA, and Read more…

Daily Pivots: (S1) 1.2455; (P) 1.2522; (R1) 1.2559; More… GBP/USD is staying in tight range below 1.2666 and intraday bias remains neutral. On the downside, break of 1.2457 minor support will suggest that rebound from Read more…

Overall market sentiment is positive in the market today, even though trading is subdued with some European countries on holiday. Sterling is trading higher with commodity currencies. On the other hand, Swiss Franc is is Read more…