Gold (XAU) declined on Friday, losing initial gains XAUUSD got on the back of the weakening U.S. dollar. Possible effects for traders Economic data indicating a slowing U.S. economy brought the U.S. dollar to its Read more…
The Japanese yen rose over 149.000, reaching its highest level in over five weeks, driven by overall weakness in the U.S. dollar. Now, the market doesn’t expect rate hikes from the Federal Reserve. Expectations shifted Read more…
GBP/USD started a fresh increase above the 1.2370 zone. USD/CAD is declining and trading below the 1.3730 support. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing a fresh increase above Read more…
Daily Pivots: (S1) 185.38; (P) 186.32; (R1) 187.31; More… Intraday bias in GBP/JPY stays neutral at this point, and more consolidations would be seen below 188.26. Another rally will remain in favor as long as Read more…
Daily Pivots: (S1) 162.42; (P) 163.03; (R1) 163.89; More…. Intraday bias in EUR/JPY remains neutral as consolidation from 164.29 is extending. Downside of retreat should be contained well above 159.75 resistance turned support to bring Read more…
Daily Pivots: (S1) 0.8741; (P) 0.8752; (R1) 0.8768; More…. Intraday bias in EUR/GBP remains mildly on the upside at this point. Current rally should target 61.8% projection of 0.8491 to 0.8752 from 0.8648 at 0.8809. Read more…
Daily Pivots: (S1) 1.6692; (P) 1.6747; (R1) 1.6806; More… Intraday bias in EUR/AUD remains neutral for the moment, and some more consolidations could be seen. On the upside, sustained break of 1.6843/4 will resume the Read more…
Daily Pivots: (S1) 0.9637; (P) 0.9652; (R1) 0.9680; More… Range trading continues in EUR/CHF below 0.9678 and intraday bias stays neutral. Further rally is expected as long as 0.9595 support holds. Firm break of 0.9678/91 Read more…
Markets The Fed’s hold at its November policy meeting ignited a corrective rally in US Treasuries (and core bonds in general). A minor positive US CPI print encouraged investors last Tuesday to add to pivot Read more…
The previous week marked a significant shift in market sentiment regarding Federal Reserve (Fed) rate hike expectations. The latest Consumer Price Index (CPI) update revealed a slower-than-anticipated inflation rate in the US, coupled with politicians Read more…