USDCAD has been in a steep uptrend since mid-September, storming to a fresh 29-month high of 1.3976 before experiencing a moderate pullback. Although the pair managed to recoup some losses after finding its feet at the Read more…
AUD/USD continues to show strong volatility and is sharply higher today. In the European session, the Australian dollar is trading at 0.6338, up 0.81%. This follows losses of almost 1% on Thursday. RBA sees lower Read more…
It’s been another fascinating week in financial markets and it’s not over yet, with the US jobs report still to come amid some interest rate uncertainty. The Fed meeting on Wednesday left investors scratching their Read more…
The Nasdaq 100 slumps as fewer US jobless claims reinforces the tightening agenda. Previously, a tentative break below 10900 weakened the bulls’ position. A failure to achieve a new high above 11650 shows that the Read more…
The pound tumbled after the BoE warned of a protracted downturn. The price lost steam near September’s high (1.1700) and a break below 1.1440 sent buyers packing, turning it into a resistance. A lack of Read more…
Daily Pivots: (S1) 164.19; (P) 166.39; (R1) 167.67; More… Intraday bias in GBP/.JPY stays neutral at this point. Further rise is in favor as long as 164.95 support holds. Break of 172.11 will resume larger Read more…
Daily Pivots: (S1) 143.94; (P) 144.65; (R1) 145.26; More…. Intraday bias in EUR/JPY stays neutral as consolidation from 148.38 is extending. In case of deeper fall, downside should be contained by 55 day EMA (now Read more…
Daily Pivots: (S1) 0.8648; (P) 0.8695; (R1) 0.8783; More… Intraday bias in EUR/GBP remains neutral for the moment. Further decline is in favor with 0.8779 resistance intact. Break of 0.8570 will resume the fall from Read more…
Daily Pivots: (S1) 1.5440; (P) 1.5486; (R1) 1.5541; More… Intraday bias in EUR/AUD remains neutral as consolidation from 1.5704 is extending. Deeper decline cannot be ruled out. But downside should be contained by 55 day Read more…
Daily Pivots: (S1) 0.9843; (P) 0.9868; (R1) 0.9907; More…. EUR/CHF is still extending the consolidation pattern from 0.9953 and intraday bias stays neutral. In case of deeper retreat, downside should be contained by 0.9798 support Read more…