Daily Pivots: (S1) 1.0656; (P) 1.0684; (R1) 1.0729; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral first. Strong resistance should be seen from 1.0723 to complete the corrective rise from 1.0601. Break Read more…
Daily Pivots: (S1) 1.2368; (P) 1.2414; (R1) 1.2495; More… Intraday bias in GBP/USD stays neutral at this point. While recovery from 1.2298 might extend higher, upside should be limited by 1.2538 support turned resistance. On Read more…
Daily Pivots: (S1) 154.63; (P) 154.76; (R1) 154.95; More… Intraday bias in USD/JPY stays mildly on the upside for further rally. However, considering bearish divergence condition in 4H MACD, strong resistance should be seen from Read more…
Daily Pivots: (S1) 0.9093; (P) 0.9113; (R1) 0.9138; More…. No change in USD/CHF’s outlook as consolidation form 0.9151 is extending. Intraday bias remains neutral for the moment. Further rally is expected as long as 0.8996 Read more…
Daily Pivots: (S1) 1.3640; (P) 1.3679; (R1) 1.3701; More… Intraday bias in USD/CAD remains neutral for the moment with focus on 1.3660 support. Strong rebound from current level will retain near term bullishness. Break of Read more…
Daily Pivots: (S1) 0.6455; (P) 0.6473; (R1) 0.6504; More… AUD/USD’s strong break of 0.6480 support turned resistance confirms short term bottoming at 0.6361, and intraday bias is back on the upside. Sustained break of 55 Read more…
Australian Dollar is having a robust, broad-based rally today, boosted by unexpectedly strong CPI data. This inflation report is particularly notable given the unexpected reacceleration in monthly CPI in March, which contributed to the quarterly Read more…
Here’s an explanation on why Tesla’s shares rose before issuing its first-quar earnings report. The shares had fallen so hard and so fast that some investors found the opportunity irresistible. On Monday, Tesla (TSLA) hit Read more…
Key Highlights GBP/USD is recovering higher from the 1.2300 support. It broke a connecting bearish trend line with resistance at 1.2420 on the 4-hour chart. EUR/USD is consolidating and aiming for a move above 1.0750. Read more…
Inflation was a bit higher than expected in the March quarter. It is declining, but it has a way to go for the RBA to be confident of returning to the 2–3% target range on Read more…