Daily Pivots: (S1) 0.8956; (P) 0.8970; (R1) 0.8993; More…. Intraday bias in USD/CHF stays neutral at this point and more consolidations could be seen. But further rally is expected as long as 0.8893 support holds. Read more…
Daily Pivots: (S1) 1.0663; (P) 1.0691; (R1) 1.0706; More… Intraday bias in EUR/USD remains neutral. More consolidations could be seen first. Strong rebound from current level, followed by break of 1.0767 resistance, should confirm short Read more…
NZDUSD halts decline at a fresh 9-month low of 0.5858 Hovers around 61.8% Fibonacci retracement of the 0.5510-0.6535 upleg in the past three weeks Positive momentum is picking up, increasing odds for an upside violation of Read more…
EURUSD continues to exhibit low volatility ahead of today’s Fed meeting It tested the May 31 low and bounced higher but remains below the 1.0720 level Bearish sentiment lingers but the SMAs’ convergence points to Read more…
EUR/USD started a fresh decline below 1.0715. USD/JPY is rising and might climb further if it clears the 148.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline Read more…
The FOMC is widely forecasted to leave its benchmark rates unchanged today. Fed Chair Powell is also expected to convey a hawkish hold, though such commentary unlikely to bring the US rates debate to a Read more…
Markets The recent build-up toward a hawkish Fed skip at today’s meeting resulted in an interesting technical positioning. US yields added another 6.2 (5-y) to 3.6 bps (2-y). This bring yields across the curve with Read more…
Daily Pivots: (S1) 1.2366; (P) 1.2396; (R1) 1.2421; More… GBP/USD’s fall resumed after brief consolidations and intraday bias is back on the downside. Current fall from 1.3141 should target 1.3141 to 100% projection of 1.3141 Read more…
Sterling finds itself under tremendous selling pressure following release of lower-than-anticipated headline and core CPI readings from the UK. This development is seen as a favorable turn of events for BoE policymakers, solidifying the anticipation Read more…
Sterling is facing headwinds after release of UK’s CPI inflation data, which came in lower than market forecasts. This development strengthens the speculation that BoE might be drawing curtains on its tightening cycle, with the Read more…