Daily Pivots: (S1) 1.3662; (P) 1.3696; (R1) 1.3736; More… Intraday bias in USD/CAD stays neutral with focus on 1.3660 support. Strong rebound from current level will retain near term bullishness. Break of 1.3748 minor resistance Read more…
Daily Pivots: (S1) 0.9763; (P) 0.9778; (R1) 0.9808; More… Intraday bias in EUR/CHF remains on the upside for retesting 0.9847 resistance. Decisive break there will resume larger rally from 0.9252 high. On the downside, below Read more…
Daily Pivots: (S1) 0.8579; (P) 0.8589; (R1) 0.8595; More… Intraday bias in EUR/GBP stays neutral at this point. On the upside, decisive break of medium term trend line resistance (now at 0.8649) will solidify the Read more…
Daily Pivots: (S1) 1.6408; (P) 1.6467; (R1) 1.6525; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, firm break of 1.6368 support will revive that case that rebound from 1.6127 has Read more…
Daily Pivots: (S1) 192.75; (P) 193.20; (R1) 194.07; More.. GBP/JPY’s up trend resumed and reaches as high as 193.62 so far. Intraday bias is back on the upside for 195.86 long term resistance, and then Read more…
Markets Core bonds drifted away again yesterday. In the US, Treasuries reversed Tuesday’s (disappointing) PMI-induced spike higher. Weakening demand and a slight tail at the US Treasury’s record $70bn 5-yr Note sale kept UST’s near Read more…
German Gfk Consumer Sentiment for May rose from -27.3 to -24.2, above expectation of -25.5. This marks the highest level in two years, although it remains significantly low by historical standards. In April, economic expectations Read more…
Daily Pivots: (S1) 165.67; (P) 165.95; (R1) 166.50; More… EUR/JPY’s up trend continues to as high as 166.78 so far. Intraday bias stays on the upside for 168.72 projection level next. On the downside, below Read more…
Japanese Yen’s accelerated decline captured significant attention in Asian session, while the broader currency markets remained generally stable. Market participants interpret the apparent lack of urgency from Japanese officials to address Yen’s fall as a Read more…
Elliott Wave view on GBPUSD suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828. Correction in wave (2) unfolded as an expanded Read more…