Month: December 2022

The SNB is tightening its monetary policy further and is raising the SNB policy rate by 0.5 percentage points to 1.0%. In doing so, it is countering increased inflationary pressure and a further spread of Read more…

The US dollar softened after the Fed raised interest rates by 50 basis points as expected. The bulls have been probing resistance under September’s high of 0.6900 for a couple of weeks. Profit-taking was not Read more…

The pound holds firm as the BoE meets amid softer CPI from last month. Sterling is grinding its way up along a rising trend line and past last summer’s high of 1.2250 which has turned Read more…

The euro steadies ahead of the ECB interest decision today. On the daily chart, the pair is heading to last May’s high of 1.0800 after bouncing off 1.0300 on the 20-day moving average. Zooming into Read more…

Daily Pivots: (S1) 167.28; (P) 167.83; (R1) 168.94; More… Intraday bias in GBP/JPY stays neutral for the moment. On the upside, above 169.26 will resume the rebound from 163.02 for retesting 172.11 high. On the Read more…

Daily Pivots: (S1) 143.90; (P) 144.32; (R1) 145.17; More…. Intraday bias in EUR/JPY remains neutral for the moment. Outlook is unchanged that correction from 148.38 could have completed at 140.75. Above 145.33 will target 146.12 Read more…

Daily Pivots: (S1) 0.8576; (P) 0.8596; (R1) 0.8617; More… Intraday bias in EUR/GBP remains neutral and further decline is expected with 0.8674 resistance intact. Break of 0.8545 will resume the fall from 0.9267, and target Read more…

Daily Pivots: (S1) 1.5497; (P) 1.5550; (R1) 1.5619; More… EUR/AUD is staying in consolidation from 1.5747 and intraday bias stays neutral. As long as 1.5271 support holds, further rally is expected. On the upside, firm Read more…

Daily Pivots: (S1) 0.9840; (P) 0.9865; (R1) 0.9899; More…. Range trading continues in EUR/CHF and outlook is unchanged. Intraday bias stays neutral at this point. On the upside, firm break of 0.9953 resistance will resume Read more…