Daily Pivots: (S1) 1.2516; (P) 1.2548; (R1) 1.2584; More… Intraday bias in GBP/USD remains on the downside for the moment. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target will Read more…
Daily Pivots: (S1) 0.9068; (P) 0.9107; (R1) 0.9140; More…. Intraday bias in USD/CHF is turned neutral first with current retreat, and some consolidations would be seen. But further rally is expected as long as 0.8996 Read more…
Daily Pivots: (S1) 152.92; (P) 153.12; (R1) 153.48; More… Intraday bias in USD/JPY stays on the upside for the moment. Current rally would target 155.20 fibonacci projection level next. On the downside, below 152.63 minor Read more…
Daily Pivots: (S1) 0.6509; (P) 0.6531; (R1) 0.6560; More… Intraday bias in AUD/USD stays mildly on the downside at this point. Decisive break of 0.6480 support will argue that is ready to resume through 0.6442. Read more…
Daily Pivots: (S1) 1.3658; (P) 1.3692; (R1) 1.3723; More… Intraday bias in USD/CAD remains on the upside for the moment. Current rise from 1.3176 is in progress, and further rally would be seen towards 1.3897 Read more…
The forex markets turned quieter in Asian session today with minimal movements. Dollar is consolidating this week’s strong gain but there is no sign of extended pullback for now. There is still prospect for more Read more…
Gold’s bullish momentum appears unstoppable for now as it surged to new record high in Asian session, now eyeing 2400 mark. This surge is driven by a confluence of factors that indicate broader market apprehensions, Read more…
Key Highlights USD/JPY started another increase and cleared the 152.50 resistance. A key bullish trend line is forming with support at 152.70 on the 4-hour chart. EUR/USD and GBP/USD gained bearish momentum. Gold prices surged Read more…
New Zealand BusinessNZ Performance of Manufacturing Index PMI fell from 49.1 to 47.1 from 49.1 in February, marking the lowest level since last December and indicating that the sector has been in contraction for 13 Read more…
In an interview with CNBC overnight, IMF Managing Director Kristalina Georgieva projected that by the end of the year, Fed would be positioned to lower interest rates. Nevertheless, She emphasized the importance of data-driven decisions, Read more…