In focus today The Polish central bank announces its base rate at 14.30. We expect them to maintain their current rate level of 5.75%. Early Thursday morning, Chinese CPI and PPI for January is released, Read more…
Daily Pivots: (S1) 1.0731; (P) 1.0746; (R1) 1.0770; More… Intraday bias in EUR/USD is turned neutral first with current recovery. Focus remains on 1.0722 structural support. Decisive break there will argue that whole rise from Read more…
Daily Pivots: (S1) 1.2551; (P) 1.2577; (R1) 1.2624; More… Intraday bias in GBP/USD is turned neutral first with current recovery. Strong support could be seen from 1.2499 structural support to complete the correction from 1.2826. Read more…
Daily Pivots: (S1) 0.8678; (P) 0.8710; (R1) 0.8729; More…. USD/CHF retreated after failing to sustain above 0.8727 resistance. Intraday bias is turned neutral again. For now, further rally is expected as long as 0.8550 support Read more…
Daily Pivots: (S1) 147.58; (P) 148.19; (R1) 148.55; More… Range trading continues in USD/JPY and intraday bias remains neutral. Focus remains on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 Read more…
Daily Pivots: (S1) 1.3464; (P) 1.3506; (R1) 1.3536; More… Range trading continues in USD/CAD and intraday bias remains neutral. On the upside, break of 1.3540 will resume the rise from 1.3176. That will also revive Read more…
Daily Pivots: (S1) 0.6492; (P) 0.6509; (R1) 0.6539; More… AUD/USD is extending consolidations from 0.6468 and intraday bias remains neutral. Stronger recovery cannot be ruled out, but outlook will stay bearish as long as 0.6621 Read more…
Commodity currencies are the main movers in Asian markets today, gaining broadly, albeit against a backdrop of continued weak momentum. This situation unfolds as Chinese stocks carry forward their rebound from earlier this week, showcasing Read more…
Short Term Elliott Wave view in Oil suggests that rally from 12.13.2023 low is unfolding as a double three Elliott Wave structure. Up from 12.13.2023 low, wave ((a)) ended at 76.18 and dips in wave Read more…
DXY: The DXY chart currently exhibits a bearish overall momentum, indicating a downward trend. The price could potentially make a bearish continuation towards the 1st support. The 1st support level at 103.73 is identified as Read more…