Daily Pivots: (S1) 0.8592; (P) 0.8606; (R1) 0.8621; More… EUR/GBP’s fall from 0.8713 resumed by breaking through 0.8585 today. Intraday bias is back on the downside for 0.8548 support first. Firm break there will argue Read more…
Daily Pivots: (S1) 1.6456; (P) 1.6492; (R1) 1.6554; More… EUR/AUD’s rebound from 1.6127 is in progress and intraday bias stays on the upside. 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… EUR/CHF is extending the corrective recovery from 0.9252 and intraday bias stays neutral. Outlook remains bearish with 0.9402 support turned resistance intact. On the downside, break Read more…
USDJPY continues its upward trend; third consecutive green session It now tries to overcome a very busy resistance area Most momentum indicators support the current upleg USDJPY is recording its third consecutive green candle today and Read more…
Markets US yields yesterday started a catching up move after the rise in Germany on Monday. Contrary to last week, a poor NY Empire manufacturing survey this time was no pretext to push yields back Read more…
Yesterday was just another day where another policymaker pushed back on the exaggerated rate cut expectations. Federal Reserve’s (Fed) Christopher Waller said that the Fed should go ‘methodically and carefully’ to hit the 2% inflation Read more…
Daily Pivots: (S1) 1.0841; (P) 1.0897; (R1) 1.0933; More… Intraday bias in EUR/USD remains on the downside. Fall from 1.1138 is in progress for 1.0722 support. Sustained break there will argue that whole rise from Read more…
Daily Pivots: (S1) 1.2592; (P) 1.2664; (R1) 1.2709; More… GBP/USD recovered quickly after brief breach of 1.2611 support and intraday bias remains neutral. On the downside, firm break of 1.2611 will resume the decline from Read more…
Daily Pivots: (S1) 0.8574; (P) 0.8597; (R1) 0.8639; More…. With 0.8665 support turned resistance intact, rebound from 0.8332 is seen as a corrective move only. Break of 0.8487 will indicate that the rebound has completed, Read more…
Daily Pivots: (S1) 146.08; (P) 146.70; (R1) 147.80; More… USD/JPY’s rally from 140.25 continues today, and breaks through 61.8% retracement of 151.89 to 140.25 at 147.4. There is no sign of topping yet and intraday Read more…