Daily Pivots: (S1) 1.2681; (P) 1.2708; (R1) 1.2747; More… Intraday bias in GBP/USD is turned neutral with 4H MACD crossed above signal line. Some consolidations would be seen but deeper decline is in favor as Read more…
Daily Pivots: (S1) 0.8866; (P) 0.8882; (R1) 0.8898; More…. Intraday bias in USD/CHF remains on the upside and outlook is unchanged. Decisive break of 0.8891 resistance will confirm resumption of rally from 0.8332. Next target Read more…
Daily Pivots: (S1) 149.58; (P) 150.27; (R1) 151.55; More… USD/JPY surges past 150.87 resistance to resume the rally from 140.25. Intraday bias stays on the upside for next key resistance at 151.93. Decisive break there Read more…
Japanese Yen’s decline intensified today and it’s on the verge of breaking to new historical low against the greenback. Japan’s stock markets are on holiday today, but the strong rally in Nikkei yesterday, which surged Read more…
Fed is widely expected to hold interest rates steady at the current range of 5.25-5.50% today. The focal point of today’s announcement, however, lies beyond the immediate rate decision; all eyes are on Fed’s updated Read more…
Strong wage outcomes saw the Bank of Japan end its negative interest rate policy but further moves are still a world away. At their March meeting, the Bank of Japan raised its policy rate to Read more…
DXY: For DXY, aligning with the overall bullish momentum, there’s potential for a bearish reaction from the pivot level, possibly leading to a drop towards the 1st support. The pivot at 104.19 acts as an Read more…
Key Highlights Bitcoin price started a downside correction below $70,000 and $68,000. A key bearish trend line is forming with resistance at $65,800 on the 4-hour chart. USD/JPY rallied following the Bank of Japan’s (BoJ) Read more…
New Zealand Westpac Consumer Confidence rose from 88.9 to 93.2 in Q1, marking its highest level in over two years. Despite this rise, the index continues to hover below the pivotal 100 mark, indicating prevailing Read more…
In its February meeting, the Bank of England kept interest rates unchanged at 5.25%, the highest in 16 years. While one policymaker advocated for a rate cut, the central bank refrained from signaling any imminent Read more…