Markets Markets started off choppy yesterday, suggesting the bond-inspired everything-rally is losing steam. A backloaded eco calendar is keeping investors at bay as well. US yields recouped 2.1-9.6 bps from the huge losses incurred last Read more…
Daily Pivots: (S1) 1.0795; (P) 1.0845; (R1) 1.0886; More… Intraday bias in EUR/USD remains on the downside for the moment. Current fall from 1.1016 short term to is in progress for 55 D EMA (now Read more…
Daily Pivots: (S1) 1.2582; (P) 1.2654; (R1) 1.2703; More… Range trading continues in GBP/USD and intraday bias remains neutral at this point. Further rally is expected as long as 1.2590 minor support holds. On the Read more…
Daily Pivots: (S1) 0.8678; (P) 0.8717; (R1) 0.8766; More…. USD/CHF is staying in consolidation from 0.8665 and intraday bias stays neutral. Another fall is in favor as long as 0.8769 minor resistance holds. Below 0.8665 Read more…
Daily Pivots: (S1) 146.48; (P) 146.97; (R1) 147.70; More… Intraday bias in USD/JPY is turned neutral with current recovery, but further decline is expected with 148.50 resistance intact. Break of 146.22 will resume the fall Read more…
Daily Pivots: (S1) 1.3491; (P) 1.3526; (R1) 1.3573; More… Intraday bias in USD/CAD remains neutral for the moment. Below 1.3479 will resume the corrective fall from 1.3897. But downside should be seen from 1.3378 support, Read more…
Bears returned fully to game on Monday after Friday’s brief pause on Fed Powell’s remarks, pushing the Euro to the lowest in three weeks. The pair slid over 0.5% until mid-US session and cracked pivotal Read more…
US yields rebounded and major indices sold off yesterday as markets have priced in a beyond-reasonable amount of rate cuts from the Federal Reserve (Fed) for next year based on a soft-landing scenario. All eyes Read more…
Daily Pivots: (S1) 0.6586; (P) 0.6639; (R1) 0.6672; More… AUD/USD dips notably today but stays above 0.6570 support so far. Intraday bias remains neutral first. On the upside, sustained break of channel resistance (now at Read more…
Today’s Asian session saw broad decline in Australian Dollar, along with New Zealand and Canadian Dollars. This pattern suggests a shift towards risk aversion among investors, a sentiment echoed by the performance of major Asian Read more…