Daily Pivots: (S1) 0.8540; (P) 0.8550; (R1) 0.8565; More… EUR/GBP is still bounded in range of 0.8497/8557 and intraday bias remains neutral. On the downside decisive break of 0.8491/7 support zone will confirm larger down Read more…
Daily Pivots: (S1) 1.6511; (P) 1.6536; (R1) 1.6559; More… Range trading continues in EUR/AUD and intraday bias stays neutral at this point. On the downside, decisive break of 1.6450 support will argue that whole rebound Read more…
Daily Pivots: (S1) 0.9596; (P) 0.9610; (R1) 0.9635; More… EUR/CHF is staying below 0.9630 despite today’s recovery. Intraday bias remains neutral first. As long as 0.9510 support holds, further rally is still expected. On the Read more…
In focus today In the US, February retail sales and PPI are due for release today. Consensus expects a rebound in retail sales after the unusually weak January print, which might have been distorted by Read more…
Direction was mixed yesterday, as Tuesday’s hotter-than-expected US CPI print gave cold feet to investors regarding the Federal Reserve’s (Fed) ability to cut interest rates as soon as in June. The S&P 500 and Nasdaq Read more…
Daily Pivots: (S1) 1.3453; (P) 1.3476; (R1) 1.3494; More… No change in USD/CAD’s outlook and intraday bias stays neutral. On the downside, break of 1.3419 and sustained trading below 1.3439 support will argue that rebound Read more…
Daily Pivots: (S1) 0.6603; (P) 0.6619; (R1) 0.6638; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. Another rise will be mildly in favor as long as 55 4H EMA (now at 0.6586) Read more…
Daily Pivots: (S1) 147.31; (P) 147.68; (R1) 148.12; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that Read more…
Daily Pivots: (S1) 0.8773; (P) 0.8782; (R1) 0.8799; More…. No change in USD/CHF’s outlook and intraday bias stays neutral. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might Read more…
Daily Pivots: (S1) 1.2778; (P) 1.2794; (R1) 1.2814; More… Intraday bias in GBP/USD remains neutral at this point. Further rally will remain in favor as long as 55 4H EMA (now at 1.2762) holds. On Read more…