Month: July 2022

Daily Pivots: (S1) 1.0000; (P) 1.0037; (R1) 1.0074; More… EUR/USD’s fall continues today and intraday bias stays on the downside. Firm break of 100% projection of 1.1184 to 1.0348 from 1.0773 at 0.9937 could prompt Read more…

Daily Pivots: (S1) 1.1823; (P) 1.1895; (R1) 1.1962; More… GBP/USD’s down trend resumed after brief recovery and intraday bias is back on the downside. Current fall should target 100% projection of 1.2666 to 1.1932 from Read more…

Daily Pivots: (S1) 0.9752; (P) 0.9794; (R1) 0.9830; More… USD/CHF’s rise resumed after brief retreat and intraday bias remains on the upside for retesting 1.0063 high. Decisive break there will resume larger up trend. On Read more…

Daily Pivots: (S1) 136.39; (P) 136.96; (R1) 137.44; More… Intraday bias in USD/JPY remains on the upside for the moment. Current up trend should target 100% projection of 114.40 to 131.34 from 126.35 at 143.29. Read more…

Daily Pivots: (S1) 1.2988; (P) 1.3019; (R1) 1.3055; More… USD/CAD’s strong break of 1.3082 confirms up trend resumption . Intraday bias is back on the upside. Next target is 100% projection of 1.2005 to 1.2947 Read more…

Dollar stays strong in early US session after release of another record print of PPI inflation. Buying of Dollar is currently concentrated again Yen and Canadian. But the moves in Aussie and European majors are Read more…

In the Summer 2022 Economic Forecast, European Commission downgraded both 2022 and 2023 Eurozone GDP growth projections. Meanwhile, HICP inflation projections were upgraded for Eurozone in both years. . Eurozone GDP growth forecasts: 2022 at Read more…

US PPI for final demand rose 1.1% mom in July, above expectation of 0.8% mom. For the 12-month period, PPI accelerated to a record 11.6% yoy, above expectation of 10.% yoy. PPI less foods, energy, Read more…