The ECB won’t meet until September 8th, which is before the next release of inflation data. Meaning that they will likely be deciding monetary policy on the data that comes out tomorrow. And this could Read more…
The British Pound started a short-term recovery wave from the 1.2000 support zone against the US Dollar. The GBP/USD pair climbed above the 1.2050 resistance. The pair even climbed above a major bearish trend line Read more…
Stock futures edge lower as inflation worries resurface; Fed minutes in focus as big rate hike bets accelerate; Retail sales on deck as gas prices tumble; Target higher after Walmart surprise lifts Q2 earnings hopes Read more…
A mixed start to trade in Europe after a more promising session in Asia overnight where stocks may have been boosted by talk of more pro-growth policies in China. That followed disappointing data late last Read more…
Daily Pivots: (S1) 160.77; (P) 161.75; (R1) 163.41; More… Overall, GBP/JPY is still extending the corrective pattern from 168.67. Intraday bias is back on the upside with break of 162.77 minor resistance. Further rise is Read more…
Daily Pivots: (S1) 135.34; (P) 136.13; (R1) 137.31; More…. Intraday bias in EUR/JPY stays neutral at this point. Overall, it’s staying in the corrective pattern from 144.26. On the upside, above 138.38 will resume the Read more…
Daily Pivots: (S1) 0.8394; (P) 0.8417; (R1) 0.8429; More… EUR/GBP’s rebound from 0.8338 could have completed at 0.8491 already. Intraday bias is mildly on the downside for 0.8338 support first. Decisive break there will resume Read more…
Daily Pivots: (S1) 1.4429; (P) 1.4481; (R1) 1.4527; More… EUR/AUD continues to lose downside momentum. But further fall is still expected with 1.4804 resistance intact, to retest 1.4318 low. Firm break there will resume larger Read more…
Daily Pivots: (S1) 0.9615; (P) 0.9647; (R1) 0.9690; More…. A temporary low is formed at 0.9602 and intraday bias in EUR/CHF is turned neutral first. Upside should be limited well below 0.9948 resistance to bring Read more…
EUR/USD During yesterday’s trading session, the single European currency managed to register some growth and to overcome the nearest resistance at 1.0158. At the time of writing, neither the bears nor the bulls are able Read more…