In focus today In the US, January Personal Consumption Expenditures (PCE) data is due for release this afternoon. Consensus foresees Core PCE, which is the Fed’s preferred measure for underlying inflation, at 0.4% m/m SA, Read more…
Daily Pivots: (S1) 190.40; (P) 190.68; (R1) 191.10; More…. GBP/JPY’s break of 190.32 suggests short term topping at 191.29. Considering bearish divergence condition in 4H MACD, it could now be correcting whole rally from 178.32. Read more…
Daily Pivots: (S1) 162.94; (P) 163.17; (R1) 163.59; More… EUR/JPY’s break of 162.55 minor support indicates short term topping at 163.70. Considering bearish divergence condition in 4H MACD, it could now be corrective whole rise Read more…
Daily Pivots: (S1) 0.8549; (P) 0.8558; (R1) 0.8569; More… No change in EUR/GBP’s outlook and intraday bias remains neutral. Risk stays mildly on the downside with 0.8577 resistance intact. Decisive break of t 0.8491/7 support Read more…
Daily Pivots: (S1) 1.6598; (P) 1.6646; (R1) 1.6735; More… EUR/AUD rose to 1.6692 but retreated since then. Intraday bias is neutral for the moment first. The breach of 1.6671 resistance suggests that rebound from 1.6127 Read more…
Daily Pivots: (S1) 0.9511; (P) 0.9526; (R1) 0.9540; More… Intraday bias in EUR/CHF remains neutral for the moment. Considering loss of momentum as seen in 4H MACD, in case of another rise, upside should be Read more…
Daily Pivots: (S1) 1.3533; (P) 1.3569; (R1) 1.3615; More… Intraday bias in USD/CAD remains on the upside at this point. Current rise from 1.3176 should target 100% projection of 1.3176 to 1.3540 from 1.3357 at Read more…
Daily Pivots: (S1) 0.6473; (P) 0.6512; (R1) 0.6534; More… Intraday bias AUD/USD remains mildly on the downside for retesting 0.6442 support first. Firm break there will resume whole decline from 0.6870, and target 61.8% projection Read more…
Daily Pivots: (S1) 1.0807; (P) 1.0829; (R1) 1.0860; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0832) Read more…
Daily Pivots: (S1) 1.2626; (P) 1.2657; (R1) 1.2693; More… No change in GBP/USD’s outlook as range trading continues. Intraday bias remains neutral at this point. On the upside, break of 1.2708 resistance will indicate that Read more…