Daily Pivots: (S1) 0.9522; (P) 0.9572; (R1) 0.9601; More… USD/CHF retreated after hitting 0.9650 and intraday bias is turned neutral. On the upside, break of 0.9650, and sustained trading above 55 day EMA (now at Read more…
Daily Pivots: (S1) 1.2080; (P) 1.2146; (R1) 1.2225; More… Intraday bias in GBP/USD remains neutral for the moment and further rise is in favor with 1.2062 minor support intact. Above 1.2292 will target 1.2405 resistance Read more…
The Euro started a fresh upward move above the 1.0165 zone against the US Dollar. The EUR/USD pair climbed above the 1.0220 resistance to move into a short-term bullish zone. The pair climbed above the Read more…
Key insights from the week that was. 50bp rate hikes were seen in Australia and the UK this week, with both central banks also signalling that additional tightening is likely to be required in the Read more…
EUR/USD The bulls prevailed and managed to violate the resistance at 1.0210. During the early hours of today’s session, the pair is still trading the aforementioned level and the expectations are for a test of Read more…
The Nasdaq 100 rallies supported by growing risk appetite. A rally above 12900 has put the index back on track after short-term selling interests cut their losses. Last May’s high at 13550 is a key Read more…
The US dollar softens as traders take profit ahead of July’s job data. On the daily chart, the pair is seeking support in a pennant consolidation and it would be too soon to call a Read more…
The pound treads water as the BoE warns of a recession after raising rates by 50 bps. The rebound came to a halt at 1.2300, a major resistance from the daily chart. A bearish RSI Read more…
Markets The Bank of England policy meeting was widely watched yesterday, not only by UK but also by European and US markets. Governor Bailey’s MPC raised rates by 50 bps to 1.75%, following global peers Read more…
Daily Pivots: (S1) 1.0183; (P) 1.0219; (R1) 1.0282; More… Range trading continues in EUR/USD and intraday bias remains neutral. With 1.0095 minor support intact, further rise is still mildly in favor. Rebound from 0.9951 will Read more…