USDJPY is edging aggressively lower today and closing in on a key support area This is the bears’ first attempt to push USDJPY significantly below the 150 level Momentum indicators support the current correction USDJPY Read more…
The previous high was around USD 2,135, but gold rose above USD 2,160 an ounce this morning, reaching its highest level ever, as Treasury yields weakened on hopes that the US Federal Reserve will soon Read more…
The Bank of Canada has decided to keep interest rates at 5.0% for the fifth time in a row, it announced yesterday, as it continues to look for clearer signs that inflation is moving closer Read more…
Markets Fed’s Powell’s semi-annual appearance before the Financial Services Committee of the House of Representative didn’t bring more specifics on the start of the Fed easing cycle s. The Fed Chair noticed considerable progress toward Read more…
Federal Reserve (Fed) Chair Jerome Powell’s testimony before Congress went smoothly yesterday. He said that the Fed will certainly cut the interest rates this year and that he’s not necessarily looking for inflation to hit Read more…
In focus today The Governing Council of the ECB is meeting today. Besides the regular rate announcement, we will also get updated staff projections. The new projections are likely to show inflation for 2025 revised Read more…
Daily Pivots: (S1) 189.82; (P) 190.26; (R1) 190.67; More….. Intraday bias in GBP/JPY is back on the downside with break of 189.02 support. Price actions from 191.29 are seen as a correction to rise from Read more…
Daily Pivots: (S1) 162.38; (P) 162.67; (R1) 163.14; More… Intraday bias in EUR/JPY is back on the downside with break of 161.67 support. Price actions from 163.70 could be a correction to the rally from Read more…
Daily Pivots: (S1) 0.8546; (P) 0.8555; (R1) 0.8568; More… Intraday bias in EUR/GBP remains neutral for the moment. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at Read more…
Daily Pivots: (S1) 1.6551; (P) 1.6630; (R1) 1.6683; More… EUR/AUD’s deeper decline from 1.6742 and break of 1.6578 minor support mixes up the near term outlook. Intraday bias is back on the downside for 1.6450 Read more…