Daily Pivots: (S1) 1.0136; (P) 1.0207 (R1) 1.0251; More… Intraday bias in EUR/USD stays on the downside and further fall should be seen to 1.0090 long term projection level. Break there will target 100% projection Read more…
Daily Pivots: (S1) 0.6753; (P) 0.6790; (R1) 0.6817; More… Intraday bias in AUD/USD is staying neutral at this point. Strong support could still be seen from 0.6756/60 cluster support to complete the whole correction from Read more…
The stock markets are starting to display some resilience, despite hawkish FOMC minutes. US stocks managed to close higher after initial selloff. Nikkei is also showing some strength in Asian session. Dollar and Yen are Read more…
Australia AiG Performance of Services Index dropped -0.4 to 48.8 in June. Looking at some details, sales plummeted by -8.8 to 41.9. Employment surged 7.9 to 55.3. New orders ticked down by -0.8 to 58.9. Read more…
In the minutes of the June 14–15 FOMC meeting, Fed noted, “participants concurred that the economic outlook warranted moving to a restrictive stance of policy, and they recognized the possibility that an even more restrictive Read more…
June 14–15, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, June Read more…
DXY: On the H4, with RSI moving along an ascending trendline and prices moving along the ascending trendline, we have a bullish bias that prices will drop and rise from 1st support at 105.794 where Read more…
Canadian jobs data for June will accompany the US nonfarm payrolls on Friday at 12:30 GMT. The consensus is for a softer employment print, but the data will not alter the central bank’s guidance for Read more…
I am going to state something that might sound a bit controversial about Friday’s US monthly jobs data, before we get into the details of it. It is this: I just don’t think the market Read more…
In addition to EUR/USD moving lower, EUR/JPY could continue lower as well, as the Yen is also considered a safe haven currency. The headlines regarding worries of a recession have been coming in fast and Read more…