The AUDUSD remains constructive in early Tuesday, though the downside is still at risk after Monday’s action was strongly rejected at psychological 0.70 barrier, reinforced by falling 10DMA, which marks pivotal point. Technical studies on Read more…
GBP/USD rises despite train strikes GPB/USD is edging higher, holding onto gains from the previous session. The move higher comes thanks in part to the weaker USD and as the largest train strike in 30 Read more…
BoE Chief Economist Huw Pill said today, “we will do what we need to do to get inflation back to target. And at least in my view, that will require further tightening of monetary policy Read more…
EURJPY is still eagerly pushing for a close above the 142.00 psychological mark, which came to oppose Friday’s quick bounce on the 20-day simple moving average (SMA) and the 139.40 level. The ascending simple moving Read more…
A sense of normality seems to be returning to financial markets after the brutal selloff in global shares last week. Asian stocks rebounded on Tuesday following the positive cues from European markets overnight while U.S Read more…
Daily Pivots: (S1) 164.73; (P) 165.19; (R1) 165.91; More… No change in GBP/JPY’s outlook and intraday bias remains on the upside for retesting 168.67. Decisive break there will resume larger up trend. On the downside, Read more…
Daily Pivots: (S1) 141.45; (P) 141.91; (R1) 142.45; More…. No change in EUR/JPY’s outlook and intraday bias stays on the upside for retesting 144.23 high. Firm break there will resume larger up trend. On the Read more…
Daily Pivots: (S1) 0.8565; (P) 0.8588; (R1) 0.8607; More… Range trading continues in EUR/GBP and intraday bias remains neutral. Further rise is expected as long as 0.8484 support holds. Break of 0.8720 and sustained trading Read more…
Daily Pivots: (S1) 1.5062; (P) 1.5107; (R1) 1.5165; More… Range trading continues in EUR/AUD and intraday bias remains neutral. On the upside, above 1.5187 will target 1.5277 resistance and than 1.5354 support turned resistance next. Read more…
Daily Pivots: (S1) 1.0140; (P) 1.0167; (R1) 1.0198; More…. Intraday bias in EUR/CHF is turned neutral first with current recovery. But outlook is unchanged that corrective rebound from 0.9970 should have completed after failing 1.0505 Read more…