Daily Pivots: (S1) 1.3620; (P) 1.3690; (R1) 1.3728; More… Intraday bias in USD/CAD remains on the downside for 8.2% retracement of 1.3091 to 1.3897 at 1.3589. Strong support should be seen there to bring rebound. Read more…
Daily Pivots: (S1) 149.89; (P) 150.43; (R1) 151.02; More… Intraday bias in USD/JPY remains neutral for the moment. Price actions from 151.69 could still be seen as a consolidation pattern only. However, firm break of Read more…
Daily Pivots: (S1) 0.8949; (P) 0.9011; (R1) 0.9057; More…. Intraday bias in USD/CHF remains on the downside for 0.8886 support first. Break there will resume whole decline from 0.9243 to 0.8815 fibonacci support. For now, Read more…
Daily Pivots: (S1) 1.0648; (P) 1.0698; (R1) 1.0780; More… Intraday bias in EUR/USD remains on the upside at this point. Decisive break of 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763) will Read more…
The latest set of lacklustre US non-farm payrolls and ISM Services PMI data for October has reinforced further US dollar weakness. The narrowing of the 2-year US Treasury yield over the 2-year China sovereign bond Read more…
Daily Pivots: (S1) 1.2247; (P) 1.2318; (R1) 1.2452; More GBP/USD retreats mildly today intraday bias stays on the upside at this point. Further rally should be seen to 38.2% retracement of 1.3141 to 1.2036 at Read more…
As the new trading week opens, the forex markets present a scene of relative tranquility during the Asian session. Dollar is attempting a modest recovery from last week’s downturn, yet the impetus for a decisive Read more…
DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level and a drop towards the 1st support. The 1st support Read more…
BoJ Governor Kazuo Ueda reaffirmed today the central bank’s commitment to its accommodative stance. “We’re seeing more positive signs than before in corporate wage and price-setting behavior,” Ueda stated, acknowledging the nascent signs of a Read more…
Japan’s PMI Services was finalized at 51.6 in October, down from previous month’s 53.8. PMI Composite figure similarly declined to 50.5 from September’s 52.1. Andrew Harker of S&P Global Market Intelligence highlighted the subdued performance: Read more…