Daily Pivots: (S1) 0.9944; (P) 0.9986; (R1) 1.0042; More… EUR/USD’s break of 1.0078 resistance suggests short term bottoming at 0.9863, on bullish convergence condition in 4 hour MACD. Intraday bias is back on the upside Read more…
Dollar is starting to reverse recent gains, probably in a more persistent way. Australian Dollar is leading the way higher today, as supported by extended improvement in risk sentiment. But for the week, Swiss Franc Read more…
BoJ Governor Haruhiko Kuroda said, “When the yen is moving 2 to 3 yen per day, that’s a rapid move. We will watch exchange rate moves carefully.” The comment came after Kuroda met Prime Minister Read more…
Chicago Fed President Charles Evans said yesterday, “I think that we’ve got a good plan in place. We could very well do 75 in September. My mind is not made up. I do know that Read more…
BoC Senior Deputy Governor Carolyn Rogers said yesterday, “our primary focus will be to judge how monetary policy is working to slow demand, how fast supply challenges are resolved, and most importantly, how both inflation Read more…
SNB Chairman Thomas Jordan said yesterday, “you cannot say we have passed the zenith and now it is certainly heading lower. If it comes to a power shortage situation, to a complete gas shortage in Read more…
Key insights from the week that was. For Australia, GDP was the focus this week along with the RBA’s September decision and a speech by Governor Lowe. Globally, central bank decisions and views on the Read more…
Key Highlights USD/JPY rallied and traded to a new multi-year high close to 145.00. A connecting bullish trend line is forming with support near 143.00 on the 4-hours chart. EUR/USD recovered a few points, but Read more…
EURJPY reversed from key resistance level 144.30 Likely to fall to support level 142.00 EURJPY currency pair recently reversed down from the key resistance level 144.30 (which has been reversing the price from the start Read more…
GBPCHF broke key support level 1.1300 Likely to fall to support level 1.1100 GBPCHF currency pair recently broke through the key support level 1.1300 (which stopped the earlier minor impulse waves (iii) and (i)). The Read more…