Month: January 2023

Gold stays high amid the US dollar’s softness across the board. On the daily chart, the precious metal has found solid demand along the 20-day moving average and is on its way to last June’s Read more…

The US dollar struggles as the Fed minutes confirms a slower pace in its interest rate increases. Last April’s low of 0.9200 has offered some support and the surge above 0.9340 prompted sellers to trim Read more…

Daily Pivots: (S1) 1.0552; (P) 1.0593; (R1) 1.0646; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the downside, break of 1.0481 will confirm short term topping, on bearish divergence condition in Read more…

Daily Pivots: (S1) 1.1981; (P) 1.2034; (R1) 1.2111; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.1899 and sustained trading below 55 day EMA (now at 1.1938) will Read more…

Daily Pivots: (S1) 130.82; (P) 131.77; (R1) 133.61; More… Intraday bias in USD/JPY stays neutral and outlook remains bearish as long as 134.49 resistance holds. On the downside, firm break of 61.8% projection of 148.44 Read more…

Daily Pivots: (S1) 0.9241; (P) 0.9310; (R1) 0.9367; More… Intraday bias in USD/CHF stays neutral and risk stays mildly on the upside with 0.9199 short term bottom intact. Break of 0.9397 will resume the rebound Read more…

Daily Pivots: (S1) 0.6741; (P) 0.6814; (R1) 0.6910; More… AUD/USD is still bounded in range of 0.6628/6892 and intraday bias remains neutral for the moment. On the downside, sustained break of 38.2% retracement of 0.6169 Read more…

Daily Pivots: (S1) 1.3409; (P) 1.3545; (R1) 1.3614; More…. Intraday bias in USD/CAD is mildly on the downside with breach of 1.3483 support. Further decline would be seen back towards 1.3224 support zone. Nevertheless, on Read more…

Markets Yesterday, trading basically followed the pattern from earlier this week. Bonds rallied, with Europe outperforming as investors took further comfort from below consensus (headline) inflation data in most EMU member states. France joined this Read more…

Released yesterday, the FOMC minutes were hawkish enough to get the S&P500 erase early gains, but not hawkish enough to get the index to close in the red. The index closed the session 0.75% higher. Read more…