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The IMF lowered its global growth forecast to 2.9% but boosted its inflation projection from 5.2% to 5.8% for next year, warning the global central banks that they should hold on to their tight monetary Read more…
Market movers today Today is a quiet day on the data front and focus will likely remain on developments in the Israeli-Palestinian conflict. US releases PPI while Fed members Bowman, Waller and Bostic will speak Read more…
DXY: The DXY (US Dollar Index) chart currently exhibits a weak bullish momentum with a potential for price to make a bullish bounce off the 1st support level and move higher. The 1st support level Read more…
Daily Pivots: (S1) 181.90 (P) 182.35; (R1) 183.14; More… Immediate focus is no won 183.00 resistance in GBP/JPY. Firm break there will argue that the pull back from 187.65 has completed, and turn bias back Read more…
Daily Pivots: (S1) 156.99; (P) 157.49; (R1) 158.20; More…. Intraday bias in EUR/JPY remains neutral as sideway trading continues. On the upside, firm break of 158.464 will argue that the pull back has from 159.75 Read more…
Daily Pivots: (S1) 0.8622; (P) 0.8639; (R1) 0.8648; More…. Break of 0.8629 support indicates resumption of the choppy decline from 0.8704. Intraday bias is back on the downside for 0.8568 support next. Whole rebound form Read more…
EUR/AUD Daily Outlook Daily Pivots: (S1) 1.6436; (P) 1.6497; (R1) 1.6549; More… Intraday bias in EUR/AUD remains neutral as sideway trading continues. On the downside, below 1.6446 minor support will bring retest of 1.6319. Break Read more…
Daily Pivots: (S1) 0.9566; (P) 0.9590; (R1) 0.9620; More… Intraday bias in EUR/CHF is turned neutral first with current recovery. Another fall is mildly in favor as long as 0.9613 resistance holds. Below 0.557 will Read more…
Daily Pivots: (S1) 1.3562; (P) 1.3590; (R1) 1.3609; More…. Intraday bias in USD/CAD remains mildly on the downside and outlook is unchanged. While pull back from 1.3784 could extend lower, outlook will stay bullish as Read more…