Daily Pivots: (S1) 1.3442; (P) 1.3467; (R1) 1.3480; More…. USD/CAD is staying in consolidation from 1.3378 and intraday bias remains neutral. Risk will stay on the downside as long as 1.3548 resistance holds. Break of Read more…
Daily Pivots: (S1) 148.43; (P) 148.70; (R1) 149.15; More… USD/JPY’s rally continues today and intraday bias stays on the upside. Current rise from 127.20 is in progress to retest 151.93 high. On the downside, however, Read more…
Daily Pivots: (S1) 0.9075; (P) 0.9106; (R1) 0.9151; More…. Intraday bias in USD/CHF stays on the upside as rise form 0.8551 is extending to 0.9146/60 cluster resistance. Decisive break there will carry larger bullish implication, Read more…
Daily Pivots: (S1) 1.2184; (P) 1.2221; (R1) 1.2247; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.3141 is in progress and should target 1.2075 fibonacci level. On the upside, Read more…
Daily Pivots: (S1) 1.0616; (P) 1.0644; (R1) 1.0673; More… Intraday bias in EUR/USD is back on the downside as fall from 1.1274 resumed after brief consolidations. Sustained trading below 1.0609/34 cluster support will carry larger Read more…
Dollar is being the standout performer this week, bolstered significantly by surging US treasury yields. Dollar index, which gauges the greenback against a basket of six major currencies, reached a high not seen since the Read more…
This week’s decline of Yen against Dollar, which seems poised to breach 149 mark, has brought remarks from Japanese officials into sharp focus. Market participants are keen to decipher indications of when Japan might transition Read more…
Minneapolis Fed President Neel Kashkari said at an event overngiht that the strength of the economy might necessitate higher interest rates for an extended period. Kashkari commented, “If the economy is fundamentally much stronger than Read more…
Key Highlights GBP/USD extended losses and traded below 1.2250. A major bearish trend line is forming with resistance near 1.2340 on the 4-hour chart. EUR/USD broke the 1.0620 support and is still at risk of Read more…
EURCAD broke support level 1.4290 Likely to fall to support level 1.4200 EURCAD today broke below the key support level 1.4290 (which has been reversing the price from the start of January as can be Read more…