The British pound (GBP) rose by 0.26% on Tuesday, reaching a new 2.5-month high as the Bank of England’s (BOE) Governor gave some hawkish statements. Possible effects for traders During yesterday’s Monetary Policy Hearings in Read more…
Gold (XAU) price rose by over 1% on Tuesday, breaching the critical 2,000 mark. Still, XAUUSD later declined as the FOMC minutes revealed officials’ restrictive monetary policy stance. Possible effects for traders The Federal Reserve Read more…
Daily Pivots: (S1) 1.3678; (P) 1.3705; (R1) 1.3728; More… Intraday bias in USD/CAD stays neutral for the moment. More sideway trading could be seen. While another fall cannot be ruled out, downside should be contained Read more…
Daily Pivots: (S1) 0.6537; (P) 0.6564; (R1) 0.6582; More… A temporary top should be in place at 0.6588 in AUD/USD with current retreat. Intraday bias is turned neutral for consolidations. Downside should be contained above Read more…
Daily Pivots: (S1) 1.0885; (P) 1.0926; (R1) 1.0951; More… A temporary top was formed at 1.0964 in EUR/USD after hitting 61.8% retracement of 1.1274 to 1.0447 at 1.0958. Intraday bias is turned neutral for some Read more…
Daily Pivots: (S1) 1.2505; (P) 1.2532; (R1) 1.2565; More… A temporary top is in place at 1.2557 in GBP/USD and intraday bias is turned neutral for some consolidations first. But further rally is expected as Read more…
Daily Pivots: (S1) 0.8821; (P) 0.8836; (R1) 0.8853; More…. While USD/CHF continues to lose downside moment as seen in 4H MACD, there is no clear sign of bottoming yet. Intraday bias stays on the downside. Read more…
The AUD/JPY cross pair tends to be used as a proxy for “risk-on/risk-off” behaviour where a clear uptrend movement can be considered as a persistent “risk-on-herding” behaviour is at play and vice versa. In the Read more…
Markets ECB Lagarde addressed a German finance ministry event just before yesterday’s European close. While her quote that the ECB is “not done” in its inflation fight drew most (headline) attention, markets focused on – Read more…
The minutes from the Federal Reserve’s (Fed) latest monetary policy meeting showed that the Fed members agreed to ‘proceed carefully’ with their future rate decisions. Carefully doesn’t mean that the Fed is done tightening, it Read more…