Daily Pivots: (S1) 0.8580; (P) 0.8593; (R1) 0.8601; More… Intraday bias in EUR/GBP remains neutral at this point. Further decline is expected as long as 0.8638 minor resistance holds. On the downside, below 0.8585 will Read more…
Daily Pivots: (S1) 1.6329; (P) 1.6372; (R1) 1.6423; More… Intraday bias in EUR/AUD remains neutral, further further rise is in favor as long as 1.16278 minor support holds. On the upside, firm break of 1.6478 Read more…
Daily Pivots: (S1) 0.9319; (P) 0.9342; (R1) 0.9359; More… No change in EUR/CHF’s outlook as consolidation from 0.9252 is extending. Intraday bias remains neutral and outlook stays bearish with 0.9402 support turned resistance intact. On Read more…
Positive price actions in Gold (XAU/USD) as it reintegrated back above its 20-day moving average. A continuation of the medium-term bearish trend on the US 10-year Treasury real yield below 1.82% key resistance may add Read more…
In focus today Today, the US election year kicks off with the Iowa Republican Caucuses. Prediction markets see Trump as the clear favourite to win the Republican candidacy, and he is projected to win over Read more…
The US stock markets ended last week on a cautiously positive note. Friday’s producer price inflation came as a certain relief to inflation worries as the latest data showed an unexpected contraction in the monthly Read more…
Daily Pivots: (S1) 1.3362; (P) 1.3387; (R1) 1.3431; More… Intraday bias in USD/CAD stays neutral first. But further rise is mildly in favor as long as 1.3339 minor support holds. Decisive break of 38.2% retracement Read more…
Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. USD/CHF is extending the consolidation above 0.8332 and intraday bias remains neutral. Also, outlook stays bearish as long as 0.8665 support turned resistance holds. On the Read more…
Daily Pivots: (S1) 1.2721; (P) 1.2753; (R1) 1.2787; More… Intraday bias in GBP/USD remains neutral as it’s still bounded in range below 1.2826. More sideway trading could be seen. On the upside, decisive break of Read more…
The forex markets commenced the week on a relatively quiet note, despite generally positive risk sentiment. This was highlighted by Japan’s Nikkei, which continued its impressive performance, breaking above 35k mark to reach new three-decade Read more…