Month: January 2023

Daily Pivots: (S1) 132.06; (P) 133.06; (R1) 134.42; More… Immediate focus remains on 134.49 resistance in USD/JPY. Considering bullish convergence condition in 4 hour MACD, firm break of 134.49 should confirm short term bottoming. Bias Read more…

Daily Pivots: (S1) 0.9289; (P) 0.9334; (R1) 0.9406; More… USD/CHF’s rebound from 0.9199 is resuming by breaching 0.9397. Intraday bias is back on the upside for 55 day EMA (now at 0.9460) and above. On Read more…

Daily Pivots: (S1) 1.1832; (P) 1.1955; (R1) 1.2036; More… Intraday bias in GBP/USD remains on the downside at this point. Sustained trading below 55 day EMA (now at 1.19383) will extend the fall from 1.2445 Read more…

The Canadian labour market added 104k positions in December, with full-time employment up 84.5k and part-time employment up 19.5k. The unemployment rate fell by 0.1 percentage points, to 5.0%. The participation rate rose to 65% Read more…

Daily Pivots: (S1) 1.0482; (P) 1.0557; (R1) 1.0599; More… EUR/USD is still holding inside range of 1.0481/0733. Intraday bias stays neutral for the moment. On the downside, break of 1.0481 will confirm short term topping, Read more…

While the US delivers a set of solid non-farm payroll data, Dollar struggles to ride on it to extend the near term rebound. On the other hand, the report is being cheered by stocks investors, Read more…