Yesterday, GBPUSD rose by 1.79% after lower-than-expected U.S. Consumer Price Index (CPI) figures. Possible effects for traders On Tuesday, the GBPUSD pair strengthened following the mixed employment data from the U.K. and the U.S. CPI Read more…
EURUSD adds 200 pips and tries to reach 1.0900 Trades well above moving average lines RSI suggests negative correction EURUSD skyrocketed yesterday after the US CPI release and added almost 200 pips, recording a new Read more…
USDJPY in the green today after a strong red candle Bears took advantage of USD weakness in the market Momentum indicators have reached a crucial stage USDJPY is higher today, bouncing off the lower boundary Read more…
EUR/USD started a fresh increase above the 1.0775 resistance. USD/JPY is declining and showing bearish signs below the 151.00 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro is rising and trading well Read more…
Markets The Fed is done hiking and readying a full percentage rate cut by end next year. That’s what markets concluded from yesterday’s <0.1% ppt lower than expected CPI numbers. It triggered a mindboggling repositioning Read more…
Daily Pivots: (S1) 186.54; (P) 187.41; (R1) 188.84; More… GBP/JPY’s rally is in progress and intraday bias stays on the upside. Next target is 161.8% projection of 178.02 to 183.79 from 180.74 at 190.07. On Read more…
Daily Pivots: (S1) 162.60; (P) 163.21; (R1) 164.21; More…. Intraday bias in EUR/JPY remains on the upside as recent rally is still in progress. Next near term target is 61.8% projection of 139.05 to 159.75 Read more…
Daily Pivots: (S1) 0.8685; (P) 0.8708; (R1) 0.8727; More…. EUR/GBP is extending the consolidation pattern from 0.8752, with fall from 0.8754 as the third leg. Deeper decline could still be seen to 0.8648 support. But Read more…
Daily Pivots: (S1) 1.6672; (P) 1.6756; (R1) 1.6802; More… EUR/AUD fails to break through 1.6843 resistance decisively and retreated. Intraday bias is turned neutral first. On the upside, sustained break of 1.6843 will resume the Read more…
Daily Pivots: (S1) 0.9652; (P) 0.9666; (R1) 0.9688; More… EUR/CHF’s rally from 0.9416 is still in progress and intraday bias stays on the upside for 0.9691 resistance. Firm break there will argue that whole decline Read more…