Daily Pivots: (S1) 1.2455; (P) 1.2522; (R1) 1.2559; More… Intraday bias in GBP/USD stays neutral for the moment. On the downside, break of 1.2457 minor support will suggest that rebound from 1.2154 has completed. Intraday Read more…
Daily Pivots: (S1) 0.9575; (P) 0.9609; (R1) 0.9661; More… Intraday bias in USD/CHF stays neutral at this point. Strong support is expected at 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to complete the pull Read more…
Daily Pivots: (S1) 130.03; (P) 130.50; (R1) 131.32; More… Intraday bias in USD/JPY stays on the upside for 131.34 resistance. Decisive break there will confirm larger up trend resumption. Next target is 61.8% projection of Read more…
Daily Pivots: (S1) 0.7179; (P) 0.7231; (R1) 0.7260; More… Intraday bias in AUD/USD is turned neutral with current retreat. Further rise will remain in favor as long as 0.7034 support holds. Current development raised the Read more…
Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April’s number, but well above market forecasts of 325,000. That sparked yet another tail-chasing Read more…
Daily Pivots: (S1) 1.2563; (P) 1.2584; (R1) 1.2616; More… USD/CAD is losing some downside momentum again as seen in 4 hour MACD. But further fall is expected with 1.2685 resistance intact, towards 1.2401 support. Decisive Read more…
Major Asia indexes trade mildly higher today but the forex markets are quiet. Trading will likely be subdued ahead with Swiss, France and Germany on bank holiday, while the US economic calendar is empty. But Read more…
China Caixin PMI Services rose form 36.2 to 41.4 in May, but missed expectation of 47.3. Caixin said services activity fell at softer, but still sharp rate amid COVID-19 restrictions. Drop in overall new work Read more…
BoJ Governor Haruhiko Kuroda said in a speech that the economy is “still on its way to recovery from the pandemic and has been under downward pressure from the income side due to rising commodity 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…