Daily Pivots: (S1) 183.55; (P) 183.89; (R1) 184.38; More… Intraday bias in GBP/JPY remains on the upside at this point. Sustained break of 183.99 will confirm larger up trend resumption. Next target is 61.8% projection Read more…
Daily Pivots: (S1) 1.0926; (P) 1.0965; (R1) 1.0988; More… Intraday bias in EUR/USD stays neutral for the moment. On the downside, break of 1.0911 will resume the fall from 1.1274 to 1.0832 support. Sustained trading Read more…
The week starts on a bad mood as the Chinese property worries escalate with Country Garden suspending almost a dozen of onshore bonds starting from today. Plus, Zhongzhi Enterprise Group, which has around 1 trillion Read more…
DXY: The DXY chart is currently exhibiting a bullish momentum driven by the price breaking above a descending resistance line, indicating a potential upward trend. With this bullish sentiment, there is a possibility that the Read more…
Key Highlights EUR/USD is moving lower below the 1.1000 support. It broke a rising channel with support near 1.0950 on the 4-hour chart. GBP/USD could extend losses toward 1.2550. Gold prices are moving lower below Read more…
Key Highlights EUR/USD is moving lower below the 1.1000 support. It broke a rising channel with support near 1.0950 on the 4-hour chart. GBP/USD could extend losses toward 1.2550. Gold prices are moving lower below Read more…
EUR/USD: Inflation, GDP, and Prospects for Monetary Policy Looking at the two-week flat trend on the EUR/USD chart, one is reminded that it’s August, a vacation season. Even the US inflation data released on Thursday, Read more…