The week starts with the soothing news that the Chinese traveled and spent more than they did in the same period of 2019. As such, the Chinese stock markets return from the CNY break on Read more…
Daily Pivots: (S1) 1.3461; (P) 1.3484; (R1) 1.3509; More… Intraday bias in USD/CAD remains neutral and more consolidation could be seen below 1.3585 resistance. Further rally is expected as long as 1.3357 support holds. On Read more…
Daily Pivots: (S1) 0.6503; (P) 0.6524; (R1) 0.6552; More… Intraday bias in AUD/USD remains neutral and more consolidations would be seen above 0.6442 first. Stronger recovery cannot be ruled out, but outlook will remain bearish Read more…
Daily Pivots: (S1) 1.2560; (P) 1.2592; (R1) 1.2634; More… Intraday bias in GBP/USD remains neutral for the moment and outlook is unchanged. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 Read more…
Daily Pivots: (S1) 149.81; (P) 150.23; (R1) 150.63; More… Intraday bias in USD/JPY remains neutral at this point and more consolidations would be seen below 150.78. Downside of retreat should be contained by 148.79 resistance Read more…
Daily Pivots: (S1) 0.8788; (P) 0.8813; (R1) 0.8835; More…. Intraday bias in USD/CHF remains neutral at this point, and more consolidations could be seen below 0.8884. Nevertheless, further rally is expected as long as 0.8727 Read more…
New Zealand Dollar bounces broadly in quiet Asian session, partly underpinned by notable improvement economic data which showed that the services sector has swung back into expansion at the start of 2024. Additionally, economists are Read more…
The Australian dollar printed 3-month lows at 0.6443 last week in the wake of elevated US CPI data but was able to recover its lost ground over the week. This week’s focus will be on Read more…
DXY: The current momentum of DXY is bullish, supported by several factors, including its position above a major ascending trend line, indicating potential for further upward movement. There’s a possibility of a bullish bounce off Read more…
Key Highlights EUR/USD is attempting a recovery wave from the 1.0700 zone. A major bearish trend line is forming with resistance near 1.0810 on the 4-hour chart. Gold price is recovering higher from the $1,988 Read more…