Daily Pivots: (S1) 1.2424; (P) 1.2520; (R1) 1.2582; More… Intraday bias in GBP/USD remains neutral first. On the upside, above 1.2666 will resume the rebound from 1.2154. Sustained of 55 day EMA (now at 1.2729) Read more…
Daily Pivots: (S1) 0.9590; (P) 0.9625; (R1) 0.9665; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. Strong support is expected from 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to complete the Read more…
EUR/USD During yesterday’s trading session, the currency pair retraced from the support at 1.0740 and the single European currency lost quite a bit of ground against the U.S. dollar, reaching the support level at 1.0640. Read more…
Markets We had to wait for some US figures to spice up yesterday’s trading session a little bit. ISM manufacturing confidence unexpectedly accelerated from 55.4 to 56.1, mainly as new orders kept flowing in strongly Read more…
US indices kicked off the new month on a negative note. The S&P500 fell 0.75% and Nasdaq closed 0.72% lower, on Jamie Dimon’s ‘hurricane’ warnings, a stronger-than-expected ISM manufacturing PMI, and higher-than-expected job openings, that Read more…
Swiss CPI rose 0.7% mom in May, above expectation of 0.3% mom. The monthly rise was due to factors including housing rentals, heating oil and food. Core CPI rose 0.5% mom. Domestic prices rose 0.5% Read more…
Daily Pivots: (S1) 129.15; (P) 129.67; (R1) 130.69; More… USD/JPY’s break of 129.77 minor resistance indicates that pull back from 131.34 has completed with three waves down to 126.35. Intraday bias stays on the upside Read more…
Yen’s selloff continued overnight together with strong rebound in US 10-year yield. The Japanese currency remains pressured in Asian session and remains vulnerable. At the same time, Euro and Sterling are also weakening notably. Dollar Read more…
DXY: On the H4, with MACD moving in a bullish momentum and breakout from the descending trendline, we have a bullish bias that price will rise to our 1st resistance at 103.224 where the horizontal Read more…
BoJ board member Seiji Adachi said, “with the impact of the pandemic continuing, shifting to tighter monetary policy now would inflict huge damage to business and household activity… It’s premature to move toward tighter policy.” Read more…