Daily Pivots: (S1) 184.79; (P) 185.23; (R1) 185.92; More… Intraday bias in GBP/JPY remains neutral and some more consolidations could be seen below 185.94 temporary top. But further rally is expected as long as 182.71 Read more…
Daily Pivots: (S1) 161.01; (P) 161.37; (R1) 162.04; More…. EUR/JPY’s rally is still in progress and hits as high as 161.71 so far. Intraday bias stays on the upside for 163.06 projection level next. On Read more…
Euro is showing signs of fortitude in relatively subdued market conditions today. The overnight rebounds in EUR/USD and EUR/CHF indicate that bearish traders are hesitating to drive the market, while EUR/JPY continues its upward stride. Read more…
In a notable surge, Bitcoin has pierced through a key Fibonacci resistance level, stirring the market as whispers of a wave of Bitcoin ETF approvals by US SEC enhance investor optimism. The digital currency’s leap Read more…
In today’s parliamentary session, BoJ Governor Kazuo Ueda emphasized a cautious stance on Japan’s monetary policy, acknowledging the need for more evidence before making any adjustments. “We expect trend inflation to gradually approach 2 percent. Read more…
Gold prices retreat from recent highs, despite sharp drop in US yields It seems safe-haven flows are unwinding as geopolitical nerves calm For gold to rally back to record highs, it might need a recession Read more…
DXY: The DXY chart currently displays a bearish overall momentum, indicating the potential for a bearish continuation towards the 1st support level. The 1st support at 104.86 is identified as an overlap support, which strengthens Read more…
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The latest deliberations within BoC have revealed a divide among officials over the course of monetary policy, as they confront the challenge of reigning in inflation without further rate hikes. At the heart of the Read more…