Daily Pivots: (S1) 1.0323; (P) 1.0376; (R1) 1.0462; More… EUR/USD is still bounded in range below 1.0496 and intraday bias stays neutral first. Further rally is expected as long as 1.0222 support holds. Break of Read more…
Daily Pivots: (S1) 1.1944; (P) 1.2015; (R1) 1.2130; More… Intraday bias in GBP/USD stays neutral as it’s still bounded in range below 1.2152. Further rally is expected with 1.1777 support intact. Break of 1.2152 will Read more…
Daily Pivots: (S1) 0.9409; (P) 0.9478; (R1) 0.9525; More… Sideway trading continues in USD/CHF and intraday bias remains neutral. Near term outlook will remain bearish as long as 0.9680 minor resistance holds, in case of Read more…
Daily Pivots: (S1) 137.19; (P) 138.55; (R1) 139.44; More… USD/JPY’s decline form 151.93 resumed by breaking through 137.46 temporary low. Intraday bias is back on the downside for 133.07 medium term fibonacci level next. On Read more…
Daily Pivots: (S1) 1.3355; (P) 1.3476; (R1) 1.3537; More…. Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.3644 resistance will affirm the case that correction from 1.3976 has completed Read more…
Daily Pivots: (S1) 0.6705; (P) 0.6753; (R1) 0.6836; More… AUD/USD’s rally resumed by breaking through 0.6796 and intraday bias is back on the upside. Next target is 0.6871 fibonacci level first. Break there will target Read more…
Market are back in full risk-on mode after Fed Chair Jerome Powell affirmed that smaller rate hike would be delivered in December. Positive sentiment continued in Asia with China softening some of its pandemic restrictions. Read more…
China Caixin PMI Manufacturing rose from 49.2 to 49.4 in November, above expectation of 48.6. Caixin said that Covid-19 restrictions continued to constrain output. New orders fell, albeit at softest rate in four months. Supply Read more…
BoJ board member Asahi Noguchi said the central bank must continue to maintain monetary easing, keep interest rates at low levels now as achievement of 2% inflation target remains uncertain. “While not as much as Read more…
Fed Chair Jerome Powell indicated in a speech that it “makes sense” to start slowing the pace of tightening as soon as in December. But, the level of the terminal rate, and the time to Read more…