Month: April 2024

US 100 cash index is in the red, a tad below the 100-day SMA Market sentiment remains bearish ahead of key US data Momentum indicators mostly bearish; all eyes on the stochastic The US 100 Read more…

The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level. This development comes as the Bank of Japan (BoJ) starts its two-day monetary policy meeting with widespread expectations that the interest rate Read more…

USDJPY hits new multi-decade highs, following eventual break of key 155.00 zone, where the action was capped in anticipation of intervention from Japanese authorities at these levels. Fading intervention fears unleashed bulls which now focus Read more…

ECB Executive Board Member Isabel Schnabel acknowledged that the consensus that the path to disinflation is proving to be “quite bumpy,” especially as the process is in its “last mile”. The “biggest concern” is the Read more…

AUDUSD rebounds off 0.6360 Bullish doji indicate upside correction MACD and RSI tick higher AUDUSD is heading upwards after the bullish doji candle that has been posted last Friday, adding almost 3%. The market is Read more…

Daily Pivots: (S1) 154.91; (P) 155.15; (R1) 155.58; More… USD/JPY’s rally accelerates today and breaks through 155.20 fibonacci level. There is no sign of topping yet. Intraday bias stays on the upside at this point. Read more…

.Daily Pivots: (S1) 1.0680; (P) 1.0697; (R1) 1.0716; More… Immediate focus is now on 1.0723 support turned resistance. Rejection from there, followed by break of 1.0677 minor support, will retain near term bearishness. Retest of Read more…

Daily Pivots: (S1) 1.2368; (P) 1.2414; (R1) 1.2495; More… Near term outlook in GBP/USD remains bearish as long as 1.2538 support turned resistance. holds. Break of 1.2421 minor support will argue that rebound from 1.2298 Read more…

Daily Pivots: (S1) 0.9121; (P) 0.9138; (R1) 0.9167; More…. Intraday bias in USD/CHF remains neutral and more sideway trading could be seen. Further rally is expected as long as 0.8996 support holds. Break of 0.9151 Read more…

Daily Pivots: (S1) 0.6474; (P) 0.6502; (R1) 0.6526; More… Intraday bias in AUD/USD remains on the upside for the moment. Sustained break of 55 D EMA (now at 0.6527) will argue that fall from 0.6870 Read more…