In focus today Today focus in the euro area will be on minutes from the December ECB meeting. As for data releases Thursday looks rather light, however in the US the Philly Fed Manufacturing Index Read more…
Investors continue to come back to their senses and the latter involves trimming the interest rate cut expectations that went ahead of themselves over the past few months. Yesterday, the Federal Reserve’s (Fed) Beige Book Read more…
Daily Pivots: (S1) 186.40; (P) 187.27; (R1) 188.65; More… Intraday bias in GBP/JPY remains on the upside for retesting 188.63 high. Firm break there will confirm larger up trend resumption. On the downside, below 186.33 Read more…
Daily Pivots: (S1) 160.32; (P) 160.81; (R1) 161.71; More… Intraday bias in EUR/JPY remains on the upside at this point. Current rise from 153.15 is in progress for 161.8% projection of 153.15 to 158.55 from Read more…
Daily Pivots: (S1) 0.8563; (P) 0.8590; (R1) 0.8613; More… Intraday bias in EUR/GBP remains on the downside for 0.8548 support. Firm break there will argue that larger down trend is ready to resume through 0.8491 Read more…
Daily Pivots: (S1) 1.6527; (P) 1.6579; (R1) 1.6662; More… Intraday bias in EUR/AUD stays on the upside at this point. As noted before, Correction from 1.7062 should have completed with three waves down to 1.6127. Read more…
Daily Pivots: (S1) 0.9351; (P) 0.9370; (R1) 0.9389; More… Intraday bias in EUR/CHF remains on the upside at this point. Rebound from 0.9252 short term bottom is in progress for 55 D EMA (now at Read more…
Daily Pivots: (S1) 1.0857; (P) 1.0870; (R1) 1.0896; More… Intraday bias in EUR/USD is turned neutral with 4H MACD crossed above signal line. Some consolidations could be seen but further decline is expected with 1.0995 Read more…
Daily Pivots: (S1) 1.2616; (P) 1.2656; (R1) 1.2715; More… Intraday bias in GBP/USD remains 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) 0.8604; (P) 0.8645; (R1) 0.8684; More…. Focus stays on 0.8665 support turned resistance as rebound in USD/CHF. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to Read more…