Month: February 2023

Daily Pivots: (S1) 1.5344; (P) 1.5465; (R1) 1.5537; More… Intraday bias in EUR/AUD is back on the downside with break of 4 hour 55 EMA. Deeper fall would be seen back to retest 1.5254/71. Firm Read more…

Daily Pivots: (S1) 0.9855; (P) 0.9907; (R1) 0.9941; More…. EUR/CHF dips to as low as 0.9870 as corrective pattern from 1.0095 extends. Deeper fall could still be seen but downside should be contained by 38.2% Read more…

Daily Pivots: (S1) 1.3362; (P) 1.3416; (R1) 1.3451; More…. Intraday bias in USD/CAD remains neutral at this point. While the choppy fall from 1.3704 might still extend lower, strong support is expected to 1.3224 key Read more…

Daily Pivots: (S1) 0.6898; (P) 0.6943; (R1) 0.7004; More… Intraday bias in AUD/USD remains neutral for the moment. Correction from 0.7156 could still extend lower. But downside should be contained by 38.2% retracement of 0.6169 Read more…

Daily Pivots: (S1) 130.13; (P) 131.42; (R1) 132.36; More… Intraday bias in USD/JPY remains neutral for the moment, and further rally is still mildly in favor. On the upside, above 132.89 will resume the rebound Read more…

Daily Pivots: (S1) 0.9178; (P) 0.9234; (R1) 0.9276; More… Intraday bias in USD/CHF remains neutral at this point. On the upside, firm break of 0.9287 resistance will confirm short term bottoming at 0.9058, and bring Read more…

Daily Pivots: (S1) 1.0676; (P) 1.0721; (R1) 1.0773; More… Intraday bias in EUR/USD is turned neutral with 4 hour MACD crossed above signal line, and some consolidations could be seen. Correction from 1.1032 short term Read more…

Dollar is slightly on the softer side in Asian session today. Fed Chair Jerome Powell’s affirmed the markets overnight that disinflation process has started. The comments give risk sentiment a lift and pulled the greenback Read more…

Fed Chair Jerome Powell reiterated yesterday, “The disinflationary process, the process of getting inflation down, has begun and it’s begun in the goods sector. But it has a long way to go. These are the Read more…

BoC Governor Tiff Macklem said in a speech that “recent developments have reinforced our confidence that inflation is coming down.” The bank expects CPI to fall to around 3% in the middle of 2023, and Read more…