Daily Pivots: (S1) 1.2960; (P) 1.3000; (R1) 1.3021; More… Intraday bias in USD/CAD is turned neutral as it failed to sustain above 1.3075 resistance and retreated. Further rise will remain in favor as long as Read more…
Daily Pivots: (S1) 0.6916; (P) 0.6956; (R1) 0.6995; More… Range trading continues in AUD/USD and intraday bias stays neutral for the moment. On the downside, firm break of 0.6828 support will resume larger fall from Read more…
Daily Pivots: (S1) 1.0475; (P) 1.0511 (R1) 1.0546; More… EUR/USD is staying in sideway consolidation and intraday bias remains neutral first. Further fall is in favor with 1.0786 resistance intact. On the downside, sustained break Read more…
Daily Pivots: (S1) 1.2205; (P) 1.2242; (R1) 1.2286; More… GBP/USD is still staying in range of 1.1932/2666 and intraday bias remains neutral. Outlook stays bearish as long as 1.2666 resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 0.9627; (P) 0.9671; (R1) 0.9720; More… Intraday bias in USD/CHF turned neutral with 4 hour MACD crossed above signal line. Another fall cannot be ruled out. But decline from 1.0048 is viewed Read more…
GBPUSD has reversed back up again after finding support at the 27-month low of 1.2070, achieved last week, but the current momentum is still weak. The technical indicators are pointing to a neutral to negative Read more…
EUR/USD Volatility during yesterday’s trading session remained muted and the single European currency continues to consolidate between the two key levels at 1.0470 and at 1.0580. Neither the bears nor the bulls can boast a Read more…
The markets are rather mixed in Asian session today, engaging in mostly consolidative moves. New Zealand Dollar trades broadly lower following record low consumer confidence data. But Canadian and Australian Dollars are firmer on steady Read more…
Japan Prime Minister Fumio Kishida asked opposition DDP’s Yuichiro Tamaki on monetary policy. Tamaki said the BOJ must keep current ultra-low interest rates, arguing that tightening monetary policy was “unthinkable”. Kishida said afterwards, “I agree Read more…
RBA Governor Philip Lowe said the larger than expected 50bps hike at last meeting was driven by “additional information suggesting a further upward revision to an already high inflation forecast”. He also emphasized, “as we Read more…