ECB Governing Council member Francois Villeroy de Galhau said in Pairs, “inflation is not only too high, but also too broad. This requires a normalization of monetary policy — I say normalization and not tightening.” Read more…
The Canadian dollar moved sideways after the latest interest rate decision by the Bank of Canada. The bank decided to hike interest rates by 0.50%. Pushing the overnight rate to 1.50%. In addition, Tiff Macklem Read more…
Daily Pivots: (S1) 161.88; (P) 162.60; (R1) 163.22; More… Intraday bias in GBP/JPY remains on the upside for the moment. Further rally should be seen to retest 168.40 high. Firm break there will resume larger Read more…
Daily Pivots: (S1) 138.18; (P) 138.57; (R1) 139.05; More…. Intraday bias in EUR/JPY remains on the upside. Larger up trend should be resuming. Break of 139.99 resistance will confirm, and target 61.8% projection of 124.37 Read more…
Daily Pivots: (S1) 0.8510; (P) 0.8527; (R1) 0.8550; More… Range trading continues in EUR/GBP and intraday bias remains neutral. Further rally is in favor with 0.8365 support intact. On the upside, break of 0.8617 will Read more…
Daily Pivots: (S1) 1.4781; (P) 1.4873; (R1) 1.4931; More… Intraday bias in EUR/AUD stays on the downside for 1.4597 support. Corrective rebound from 1.4138 should have completed at 1.5277, ahead of 1.5354 resistance. Break of Read more…
Daily Pivots: (S1) 1.0231; (P) 1.0275; (R1) 1.0306; More…. Breach of 1.0228 suggests resumption of fall from 1.0513. Intraday bias is back on the downside for 1.0086 support. As noted before, corrective rebound from 0.9970 Read more…
Daily Pivots: (S1) 0.7144; (P) 0.7187; (R1) 0.7218; More… AUD/USD is losing some upside momentum as seen in 4 hour MACD. But further rise is expected with 0.7034 support intact. Firm break of 0.7265 resistance Read more…
Daily Pivots: (S1) 1.2618; (P) 1.2647; (R1) 1.2687; More… USD/CAD is losing some downside momentum as seen in 4 hour MACD. But further decline is still expected with 1.2763 minor resistance intact. Firm break of Read more…
Daily Pivots: (S1) 1.0607; (P) 1.0673 (R1) 1.0719; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.0786, and sustained trading above 55 day EMA (now at 1.0757) will Read more…