Daily Pivots: (S1) 0.9416; (P) 0.9431; (R1) 0.9456; More… EUR/CHF’s rally from 0.9252 is still in progress and intraday bias stays on the upside. Sustained trading above 55 D EMA (now at 0.9449) will target Read more…
GBP/USD is attempting a recovery wave above the 1.2690 resistance. EUR/GBP declined steadily below the 0.8585 and 0.8570 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh Read more…
Markets US and European yields yesterday maintained Wednesday’s gains. Data were mostly ‘second tier’ but supported the picture of a resilient US economy. Building permits and housing starts were better than expected. Weekly US jobless Read more…
UK retail sales volume fell -3.2% mom in December, much worse than expectation of -0.5% mom. That’s also the largest monthly fall since January 2021. Excluding fuel, sales volume fell -3.3% mom. Automotive fuel sales Read more…
Forget about the Federal Reserve (Fed) dovish expectations that should be dialed back because the American economy is too strong to require a rate cut as early as March from the Fed. Forget that strong Read more…
Daily Pivots: (S1) 1.3470; (P) 1.3498; (R1) 1.3515; More… Intraday bias in USD/CAD remains neutral as consolidation continues below 1.3540 temporary top. Further rally is expected as long as 1.3342 support holds. Above 1.3540 will Read more…
Daily Pivots: (S1) 0.6541; (P) 0.6558; (R1) 0.6591; More… Intraday bias in AUD/USD is turned neutral with current recovery. Some consolidations would be seen first, but outlook will stay bearish as long as 0.6639 support Read more…
Daily Pivots: (S1) 1.0846; (P) 1.0877; (R1) 1.0906; More… Intraday bias in EUR/USD remains neutral as consolidation continues above 1.0843 temporary ow. Outlook remains bearish with 1.0995 resistance intact. On the downside, break of 1.0843 Read more…
Daily Pivots: (S1) 1.2666; (P) 1.2688; (R1) 1.2727; More… Intraday bias in GBP/USD stays neutral at this point. On the downside, firm break of 1.2595 support will resume the decline from 1.2826 to 1.2499 support. Read more…
Daily Pivots: (S1) 0.8644; (P) 0.8670; (R1) 0.8707; More…. Outlook in USD/CHF remains unchanged with focus on 0.8665 support turned resistance. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 Read more…