Daily Pivots: (S1) 150.01; (P) 150.35; (R1) 150.77; More… Range trading continues in USD/JPY and intraday bias remains neutral at this point. Further rally is expected as long as 148.79 support holds. Firm break of Read more…
Daily Pivots: (S1) 1.3705; (P) 1.3744; (R1) 1.3805; More… The break of 1.3759 minor resistance argues that pull back from 1.3897 has completed. Intraday bias in USD/CAD is back on the upside for retesting 1.3897 Read more…
Markets In a session deprived of key economic data, (bond) markets were still looking for new input/a new equilibrium post last week’s rally. After a setback on Monday, bonds fought back, illustrating the absence of Read more…
Short Term Elliott Wave in Gold (XAUUSD) suggests that the metal is correcting cycle from 10.6.2023 low. Up from 10.6.2023 low, wave (1) ended at1997.16. Pullback in wave (2) is in progress as an expanded Read more…
EUR/USD started a recovery wave above the 1.0700 resistance. USD/CHF declined and now struggling below the 0.9010 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro gained pace after it broke the 1.0635 Read more…
Portuguese markets were hit yesterday by the resignation of the country’s PM following an investigation into possible crimes of corruption involving lithium and hydrogen projects. The Portuguese PSI 20 fell more than 2.50% on political Read more…
Daily Pivots: (S1) 0.6393; (P) 0.6448; (R1) 0.6492; More… AUD/USD recovered after hitting 0.6411 minor support as well as 55 4H EMA. Intraday bias stays neutral first. On the downside, firm break of 0.6411 will Read more…
Dollar found itself hovering within a narrow range during Asian session, as market participants paused to reflect on recent comments from hawkish Fed members hinting at more tightening. Despite these hawkish tones, the overall risk Read more…
Daily MACD indicator has exhibited a potential medium-term trend change behaviour from bearish to bullish. Recent price actions have shaped a minor bullish “Double Bottom” breakout and traded above the 20-day moving average. Watch the Read more…
In the latest RBNZ quarterly Business Survey of Expectations, near-term outlook for inflation has cooled, with one-year-ahead expectations retreating from 4.17% to 3.60%, a significant decline of 57 basis points. On a two-year horizon, the Read more…