The Australian dollar retreats after a lacklustre retail sales reading in October. The pair is looking to hold onto its gains above 0.6700 following a rally earlier this month. A bounce off 0.6580 next to Read more…
The Japanese yen fell after an uptick in October’s jobless rate. The rebound has met stiff selling pressure in the former demand zone around 142.40. A break below the recent low of 138.00 suggests that Read more…
Markets In the absence of important eco data, the new China Corona outbreaks and central bank speak were the main drivers for trading yesterday. In the end, it turned out to be a risk-off session Read more…
Daily Pivots: (S1) 1.0281; (P) 1.0389; (R1) 1.0448; More… EUR/USD quickly retreated after breaching 1.4810 resistance and intraday bias is turned neutral first. Still, further rally is expected as long as 1.0222 support holds. Break Read more…
Daily Pivots: (S1) 1.1893; (P) 1.2006; (R1) 1.2070; More… Intraday bias in GBP/USD remains neutral and further rally is expected with 1.1777 support intact. Break of 1.2152will target 100% projection of 1.0351 to 1.1494 from Read more…
Daily Pivots: (S1) 0.9431; (P) 0.9465; (R1) 0.9523; More… Range trading continues in USD/CHF and intraday bias remains neutral. On the downside, firm break of 0.9355 will resume the decline from 1.0146 to 0.9287 fibonacci Read more…
Daily Pivots: (S1) 0.6620; (P) 0.6675; (R1) 0.6708; More… Range trading continues in AUD/USD and intraday bias stays neutral at this point. Further rise is expected as long as 0.6521 resistance turned support holds. On Read more…
Risk sentiment improved slightly earlier in Asian session on rumors that China is going to exit its zero-Covid policy earlier. Yet the announcement of the National Health Commission on speeding up vaccination for the elderly Read more…
Daily Pivots: (S1) 165.22; (P) 166.76; (R1) 167.66; More… Break of 166.08 minor support suggests that GBP/JPY’s rebound from 163.02 has completed at 168.99, ahead of 169.07 resistance. Intraday bias is back on the downside Read more…
Daily Pivots: (S1) 142.79; (P) 143.90; (R1) 144.75; More…. No change in EUR/JPY’s outlook and intraday bias stays neutral. Break of 142.52 support will extend the decline from 148.38, to 61.8% retracement of 133.38 to Read more…