Daily Pivots: (S1) 149.73; (P) 150.31; (R1) 151.37; More… Intraday bias in USD/JPY remains on the upside at this point. Current rise from 140.25 will target 151.89/93 key resistance zone. Decisive break there will confirm Read more…
Daily Pivots: (S1) 1.3474; (P) 1.3530; (R1) 1.3620; More… Intraday bias in USD/CAD is back on the upside as rise from 1.3176 resumed by breaking through 1.3543 resistance. Firm break of 61.8% projection of 1.3176 Read more…
Daily Pivots: (S1) 0.6419; (P) 0.6478; (R1) 0.6514; More… AUD/USD’s decline from 0.6870 resumed by breaking 0.6468 support. Intraday bias is back on the downside for 61.8% projection of 0.6870 to 0.6524 from 0.6621 at Read more…
Dollar maintains its position as the week’s top performer so far, following notable upside breakouts, while Asian markets remain relatively quiet. Without major economic releases from US today, the greenback could have a breather first. Read more…
DXY: The DXY chart currently exhibits a bearish momentum, indicating a potential continuation of the downward trend. The 1st support level at 104.52 is identified as a pullback support, coinciding with the 38.20% Fibonacci Retracement Read more…
Sterling has shown marked strength this week, with upcoming UK January inflation data eagerly awaited as potential catalyst for further gains. CPI is expected to edge up from 4.0% yoy to 4.1% yoy, continuing its Read more…
10-year yield rose 0.144 overnight to close at 4.316, breaking above 38.2% retracement of 4.997 to 3.785 at 4.247. A more important perspective is that strong support was seen from 55 W EMA and long Read more…
New Orleans is a city that knows how to have fun and at no time is this more evident than on Mardi Gras, the close of Carnival season and the biggest celebration before the 40 Read more…
DOW posted its biggest daily decline in nearly a year overnight, rattled by the latest US inflation figures that unexpectedly showcased a slowdown in disinflation. This development has cast serious doubts over Fed’s ability to Read more…
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