Daily Pivots: (S1) 1.6272; (P) 1.6346; (R1) 1.6485; More.. Intraday bias in EUR/AUD is turned neutral with current recovery. But outlook remains bearish with 1.6478 resistance intact. Break of 1.6206 will resume larger decline from Read more…
Daily Pivots: (S1) 0.9479; (P) 0.9512; (R1) 0.9570; More… While EUR/CHF’s recovery from 0.9402 extended higher, it’s still capped by 0.9543 resistance. Intraday bias stays neutral and further decline remains in favor. On the downside, Read more…
Daily Pivots: (S1) 1.3473; (P) 1.3540; (R1) 1.3586; More… Intraday bias in USD/CAD remains on the downside at this point, with focus on 1.3378 support. Decisive break there will argue that whole rise from 1.3091 Read more…
Daily Pivots: (S1) 0.6659; (P) 0.6694; (R1) 0.6733; More… Intraday bias in AUD/USD remains on the upside for the moment. Current development suggests that whole fall from 0.7156 has completed with three waves down to Read more…
Daily Pivots: (S1) 140.92; (P) 141.92; (R1) 142.87; More… USD/JPY’s fall is still in progress and intraday bias stays on the downside. Current decline from 151.89 should target next fibonacci level at 136.63. On the Read more…
Daily Pivots: (S1) 0.8627; (P) 0.8680; (R1) 0.8728; More…. USD/CHF’s break of 0.8665 support confirm resumption of whole decline from 0.9243. Intraday bias is back on the downside and deeper fall should be seen to Read more…
Daily Pivots: (S1) 1.2653; (P) 1.2724; (R1) 1.2835; More… GBP/USD’s rally is in progress and intraday bias stays on the upside for the moment. Current rise from 1.2036 should target 61.8% projection of 1.2068 to Read more…
Markets The ECB and the Bank of England yesterday as expected left their policy rates unchanged at respectively 4% and 5.25%. Contrary to the Fed they didn’t ratify aggressive rate cut bets yet. In its Read more…
USDCHF ends the week in red MACD and RSI in negative region USDCHF is moving slightly higher after the retreat towards a fresh four-month low of 0.8630. The pair failed to have a closing day Read more…
In focus today Today we get PMIs out of the big Western economies. In the euro area, we expect continued modest contraction in the service sector while the downward trend in manufacturing becomes gradually less Read more…