Daily Pivots: (S1) 1.2461; (P) 1.2490; (R1) 1.2533; More… Intraday bias in GBP/USD stays on the upside as rise from 1.2036 is in progress. Current rally should target 61.8% retracement of 1.3141 to 1.2036 at Read more…
Daily Pivots: (S1) 0.8828; (P) 0.8849; (R1) 0.8872; More…. USD/CHF’s decline is still in progress and intraday bias stays on the downside. Current fall from 0.9243 should target 100% projection of 0.9243 to 0.8886 from Read more…
Daily Pivots: (S1) 1.3694; (P) 1.3722; (R1) 1.3754; More… Range trading continues in USD/CAD and intraday bias stays neutral. While another fall cannot be ruled out, downside should be contained by 38.2% retracement of 1.3091 Read more…
The RBA minutes contained little new information given recent publications and speeches. Inflation is not coming down as fast as the RBA would like. The upside surprise is attributed to domestic factors more so than Read more…
DXY: The DXY (US Dollar Index) chart currently has an overall bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support. The 1st support level at 102.82 is identified as an Read more…
Daily Pivots: (S1) 0.6517; (P) 0.6541; (R1) 0.6581; More… AUD/USD rises further to 0.6585 so far as rally from 0.6269 continues today. Intraday bias stays on the upside at this point. Current development argues that Read more…
Japanese Yen’s rally continued in today’s Asian session, breaking through 148 mark against Dollar. This rise raises questions about the reaction of Japanese Finance Minister Shunichi Suzuki, particularly in light of his previous comments during Read more…
Personal finance personality Dave Ramsey is a big supporter of people who are trying to free themselves of debt. No matter what type it is, with the exception of mortgage payments, Ramsey believes paying off Read more…
Key Highlights EUR/USD rallied above the 1.0880 and 1.0920 levels. A connecting bullish trend line is forming with support near 1.0810 on the 4-hour chart. GBP/USD also climbed higher above the 1.2450 resistance. USD/JPY declined Read more…
RBA meeting minutes from November 7 reveal a decisive step in monetary policy adjustment, with a 25bps increase in cash rate to 4.35%. This move reflects the RBA’s heightened focus on managing inflationary pressures and Read more…