EURUSD under bearish pressure Likely to fall to support level 1.0715 EURUSD under the bearish pressure after the price broke the support level 1.0820 (which stopped the previous short-term correction (ii)). The breakout of the Read more…
Fed Governor and Vice Chair Nominee, Philip Jefferson, has given a sobering assessment of the ongoing inflationary pressures that US economy is wrestling with. In a speech, he highlighted that, while inflation has decreased significantly Read more…
Fed Governor and Vice Chair Nominee, Philip Jefferson, has given a sobering assessment of the ongoing inflationary pressures that US economy is wrestling with. In a speech, he highlighted that, while inflation has decreased significantly Read more…
Dollar continues to power up today, as traders are rethinking Fed’s policy path ahead. The odds of a hold at June 14 FOMC meeting has dropped to around 60%, as the economy continued to show Read more…
In his remarks to the Treasury Committee, BoE Governor Bailey commented that he does not foresee the BoE’s balance sheet returning to pre-financial crisis levels. Instead, he envisages a more proactive adjustment strategy, stating, “The Read more…
Daily Pivots: (S1) 0.8660; (P) 0.8690; (R1) 0.8711; More… EUR/GBP is staying in consolidation from 0.8660 and intraday bias remains neutral. Further decline is expected as long as 0.8758 resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 0.8660; (P) 0.8690; (R1) 0.8711; More… EUR/GBP is staying in consolidation from 0.8660 and intraday bias remains neutral. Further decline is expected as long as 0.8758 resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 1.0808; (P) 1.0841; (R1) 1.0872; More… Intraday bias in EUR/USD remains on the downside as fall from 1.1094 short term top is in progress. Current decline is seen as correcting whole up Read more…
Daily Pivots: (S1) 1.2436; (P) 1.2473; (R1) 1.2524; More… Intraday bias in GBP/USD remains neutral at this point. On the downside, firm break of 1.2434 will confirm short term topping at 1.2678, on bearish divergence Read more…
NZD/USD attempts to rebound The New Zealand dollar grinds higher thanks to an uptick in the market’s risk appetite. The kiwi has retraced most of the recent gains from its late April rally. The RSI’s Read more…