Month: February 2023

Daily Pivots: (S1) 1.3245; (P) 1.3313; (R1) 1.3358; More… Intraday bias in USD/CAD remains on downside at this point. Choppy decline from 1.3704 would target 1.3224 keys support level. Strong support is still expected there Read more…

Daily Pivots: (S1) 0.7067; (P) 0.7106; (R1) 0.7175; More… Intraday bias in AUD/USD is break on the upside with break of 0.7141 resistance. Current up trend from 0.6169 should now target 0.7304 fibonacci level. On Read more…

Daily Pivots: (S1) 0.9042; (P) 0.9113; (R1) 0.9155; More… Intraday bias in USD/CHF is back on the downside with break of 0.9084 support. On the downside, sustained break of 61.8% projection of 1.0146 to 0.9355 Read more…

Daily Pivots: (S1) 128.21; (P) 129.31; (R1) 130.07; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 127.20 will resume the whole decline from 151.93 and target 121.43 fibonacci Read more…

Daily Pivots: (S1) 1.2300; (P) 1.2347; (R1) 1.2420; More… Intraday bias in GBP/USD stays neutral as it’s still bounded in tight range below 1.2445/6. On the downside, firm break of 1.2252 minor support will turn Read more…

Markets The Fed unanimously decided to raise its policy rate by 25 bps to 4.5%-4.75%, in a second consecutive downshift (+75 bps in November; +50 bps in December). In its new policy statement, they still Read more…

Daily Pivots: (S1) 1.0894; (P) 1.0948; (R1) 1.1043; More… EUR/USD’s up trend resumed by breaking through 1.0928 resistance and intraday bias is back on the upside. Current rally from 0.9534 should target 61.8% projection of Read more…

Dollar weakened broadly overnight, more on risk-on sentiment than FOMC rate decision. Yet, selloff was not particularly fierce except versus Euro and Swiss Franc. In particular, Sterling is clearly lagging behind. Judging from the upside Read more…