WTI oil is consolidating within a narrow range early Wednesday after almost 4% drop in past two days which cracked pivotal $81.00 support zone (100DMA (50% retracement of $67.02/$95.00 ascend. Fresh bears faced increased headwinds Read more…
U.S. equity futures moved lower Wednesday, while the dollar added to recent gains against its global peers and Treasury bond yields steadied, as investors braced for a key rate decision from the Federal Reserve later Read more…
USDJPY edges lower after Tuesday’s sizeable rally Heightened risk of intervention as USDJPY is comfortably above 150 Mixed momentum indicators complicate the outlook The lack of JPY-positive announcements at Tuesday’s BoJ meeting opened the door Read more…
Daily Pivots: (S1) 182.30; (P) 183.31; (R1) 185.29; More… GBP/JPY’s rise from 178.02 resumed by breaking 183.79. Intraday bias is back on the upside for retesting 186.75 high. Decisive break there will resume larger up Read more…
Daily Pivots: (S1) 158.78; (P) 159.81; (R1) 161.46; More…. Intraday bias in EUR/JPY remains on the upside at this point. Current rally should target 163.06 projection level next. On the downside, break of 157.67 support Read more…
Daily Pivots: (S1) 0.8686; (P) 0.8720; (R1) 0.8739; More…. EUR/GBP retreated sharply after edging higher to 0.8752 and intraday bias stays neutral first. In case of deeper retreat, downside should be contained by 55 D Read more…
Daily Pivots: (S1) 1.6633; (P) 1.6697; (R1) 1.6753; More… Intraday bias in EUR/AUD remains neutral as sideway trading continues. Further rally is expected as long as 1.6550 support holds. Above 1.6843 will target a test Read more…
Daily Pivots: (S1) 0.9580; (P) 0.9605; (R1) 0.9652; More… EUR/CHF’s rebound from 0.9416 is still in progress and intraday bias stays on the upside. Further rally would be seen to 0.9691 key structural resistance. Firm Read more…
EUR/USD is again moving lower below the 1.0615 support. USD/JPY surged and broke the 151.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0675 support Read more…
The US dollar was bid on Tuesday thanks to a rapid selloff in the Japanese yen, after the Bank of Japan (BoJ) announced mini policy loosening steps that didn’t find buyers. Loosening the upper limit Read more…