Daily Pivots: (S1) 0.9824; (P) 0.9846; (R1) 0.9864; More…. Intraday bias in EUR/CHF remains neutral as consolidation from 0.9953 is still extending. On the upside, firm break of 0.9953 resistance will resume larger rally from Read more…
A retreating US dollar boosted the appeal of bullion. Despite the metal’s choppy price action, the bulls have been looking to consolidate their gains above August’s high of 1805. With sentiment shifting to a brighter Read more…
The New Zealand dollar edges lower over a larger-than-expected trade deficit in November. The bears have faded last week’s bullish momentum and pushed the kiwi back below 0.6400. This level has since become a fresh Read more…
The Japanese yen soared after the BoJ unexpectedly relaxed its yield cap. The previous rebound quickly had turned into a bull trap at 137.80 under the 20-day moving average. The sharp fall below 134.50 is Read more…
Market movers today A quiet day in terms of macro data. Consumer confidence figures will be released from Germany, Sweden and the US conference board. US November home sales are also due for release in Read more…
Germany Gfk Consumer Sentiment for January improved from -40.1 to -37.8. In December, economic expectations rose from 17.9 to -10.3. Income expectations rose from -54.3 to -43.4. Propensity to buy rose form -18.6 to -16.3. Read more…
Daily Pivots: (S1) 1.3560; (P) 1.3632; (R1) 1.3684; More…. Intraday bias in USD/CAD is turned neutral again but further rise is in favor as long as 1.3516 support holds. Break of 1.3704 will resume the Read more…
Daily Pivots: (S1) 0.6625; (P) 0.6685; (R1) 0.6740; More… Intraday bias in AUD/USD stays mildly on the downside at this point. Firm break of 38.2% retracement of 0.6169 to 0.6892 at 0.6616 will indicate rejection Read more…
Daily Pivots: (S1) 129.04; (P) 133.26; (R1) 135.95; More… Intraday bias in USD/JPY remains on the downside, with immediate focus on on 55 week EMA (now at 131.76). Decisive break there will pave the way Read more…
Daily Pivots: (S1) 0.9233; (P) 0.9271; (R1) 0.9299; More… Range trading continues in USD/CHF and intraday bias stays neutral at this point. Further decline is in favor with 0.9378 resistance intact. On the downside, break Read more…