Daily Pivots: (S1) 0.6665; (P) 0.6702; (R1) 0.6770; More… AUD/USD is staying below 0.6796 resistance and intraday bias remains neutral. Further rise is expected as long as 0.6521 resistance turned support holds. On the upside, Read more…
Daily Pivots: (S1) 138.64; (P) 140.12; (R1) 141.08; More… USD/JPY’s break of 139.63 minor support suggests that recovery has completed at 142.24. Intraday bias is back on the downside. Break of 137.66 will resume the Read more…
Daily Pivots: (S1) 0.9381; (P) 0.9457; (R1) 0.9502; More… Break of 0.9474 minor support indicates that USD/CHF’s recovery has completed at 0.9597, after rejection by 4 hour 55 EMA. Intraday bias is back on the Read more…
Daily Pivots: (S1) 1.0326; (P) 1.0366; (R1) 1.0434; More… EUR/USD is still staying below 1.0481 resistance and intraday bias remains neutral. More consolidation could be seen but after all, as long as 1.0092 resistance turned Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is under the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…
Daily Pivots: (S1) 1.1925; (P) 1.2003; (R1) 1.2133; More… GBP/USD’s rally from 1.0351 resumed by breaking through 1.2028 and intraday bias is back on the upside. Further rise should be seen to 100% projection of Read more…
Dollar is sold off broadly after FOMC minutes indicated that a “substantial majority” of policymakers judged that slowing rate hike would “soon be appropriate”. For now, New Zealand Dollar is the strongest for the week, Read more…
Japan PMI Manufacturing dropped from 50.7 to 49.4 in November, below expectation of 50.7. That’s the first contraction reading since January 2021. PMI Services dropped from 53.2 to 50.0. PMI Composite dropped from 51.8 to Read more…
RBNZ Governor Adrian Orr told a parliamentary committee, “We can all put our hands on our hearts across the committee and say we are officially contractionary with our monetary policy at this point.” “We need Read more…
BoC Governor Tiff Macklem told a parliamentary committee yesterday that the central bank is “still far from its goal” of ensuring “low, stable, predictable” inflation. “Inflation has come down in recent months, but we have Read more…