Daily Pivots: (S1) 1.2840; (P) 1.2872; (R1) 1.2935; More… GBP/USD’s recovery from 1.2796 continues today but stays below 1.2963 minor resistance. Intraday bias remains neutral at this point. On the downside, below 1.2796 will resume Read more…
Gold has posted solid gains in July after bouncing off the four-month low of 1,892 in late June. Although bullion experienced a pullback following a fresh two-month peak of 1,984 on July 20, it stormed Read more…
Australian inflation falls more than expected Fed widely expected to raise rates by 0.25% on Wednesday The Australian dollar is in negative territory on Wednesday. In the European session, AUD/USD is trading at 0.6758, down Read more…
Australian inflation falls more than expected Fed widely expected to raise rates by 0.25% on Wednesday The Australian dollar is in negative territory on Wednesday. In the European session, AUD/USD is trading at 0.6758, down Read more…
USDJPY bulls took a breather after a constructive week, which saw the pair bouncing from a low of 137.23 to a high of 141.94. The pair recouped half of July’s freefall, but the 20-day simple Read more…
USDJPY bulls took a breather after a constructive week, which saw the pair bouncing from a low of 137.23 to a high of 141.94. The pair recouped half of July’s freefall, but the 20-day simple Read more…
Daily Pivots: (S1) 0.9521; (P) 0.9576; (R1) 0.9605; More… Intraday bias in EUR/CHF stays on the downside at this point. Current fall is part of larger decline from 1.0095. Next target is 100% projection of Read more…
Daily Pivots: (S1) 1.6210; (P) 1.6331; (R1) 1.6398; More… Intraday bias in EUR/AUD stays neutral and further rally is still in favor with 1.6231 support intact. On the upside, break of 1.6601 will resume the Read more…
FOMC is widely anticipated to increase interest rates by 25bps to between 5.25-5.50% today, following a brief pause in June. Recent chatter among financial circles suggests that this could mark the last hike in Fed’s Read more…
FOMC is widely anticipated to increase interest rates by 25bps to between 5.25-5.50% today, following a brief pause in June. Recent chatter among financial circles suggests that this could mark the last hike in Fed’s Read more…