Daily Pivots: (S1) 0.8748; (P) 0.8772; (R1) 0.8796; More…. USD/CHF is staying in tight range above 0.8728 and intraday bias stays neutral. On the downside, sustained break of 0.8741 will argue that the whole rebound Read more…
Daily Pivots: (S1) 146.85; (P) 147.44; (R1) 148.27; More… Intraday bias in USD/JPY remains neutral for the moment, and outlook is unchanged. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at Read more…
In today’s subdued Asian session, the currency markets saw minimal movement, with most major pairs and crosses gyrating within yesterday’s range. Japanese Yen managed to carve out modest gain, buoyed by optimistic remarks and tangible Read more…
DXY: The DXY (Dollar Index) chart indicates a potential bearish movement, with a probable reaction at the pivot leading to a drop towards the 1st support. The pivot at 103.44 serves as significant pullback resistance, Read more…
Key Highlights Gold rallied above the $2,120 and $2,180 resistance levels. It traded below a key rising channel with support at $2,170 on the 4-hour chart. EUR/USD and GBP/USD started a downside correction. Bitcoin price Read more…
ECB Governing Council member Pierre Wunsch emphasized the need for proactive stance on interest rates, acting on the fact that “inflation has gone down, is moving in the right direction”. Speaking at a news conference Read more…
In an interview with Le Figaro, ECB Governing Council member Francois Villeroy de Galhau revealed a “very broad agreement” within the council to initiate rate cuts in spring, with lasts until end of June. Villeroy, Read more…
BoE Governor Andrew Bailey expressed a more positive stance on the UK’s inflation scenario compared to a year ago, particularly regarding the potential for “second round effects” to drive further price surges. At a panel Read more…
Gold and Bitcoin cruise to new all-time highs simultaneously However, there are different drivers behind these rallies Overall, both assets might have more scope to run higher Gold and bitcoin go through the roof It’s Read more…
CADJPY reversed from support level 109.00Likely to rise to resistance level 110.00d CADJPY currency pair recently reversed up from the support level 109.00 (low of the previous correction 4) coinciding with the lower daily Bollinger Read more…