Despite the cooling labour market in the US and declining inflation, the American currency continues to move towards new highs. For instance, the USD/JPY currency pair might update the current month’s high at 156.70, the Read more…
EURJPY holds well above uptrend line RSI stands near 70 level Next target at multi-year peak EURJPY is rallying sharply higher after the strong bounce off the 164.00 support level and the medium-term ascending trend Read more…
Markets Markets took a slow start to the new trading week. An empty eco calendar facilitated the status quo. Cleveland Fed Mester said that inflation risks moved up in Q1 while the economy was a Read more…
Daily Pivots: (S1) 197.76; (P) 198.21; (R1) 199.01; More… Intraday bias in GBP/JPY remains on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection Read more…
Daily Pivots: (S1) 0.8535; (P) 0.8551; (R1) 0.8562; More… No change in EUR/GBP’s outlook and intraday bias stays on the downside for 0.8529 support. Decisive break there will suggest that larger down trend is ready Read more…
Daily Pivots: (S1) 1.6233; (P) 1.6264; (R1) 1.6314; More… Intraday bias in EUR/AUD is turned neutral as it recovered after brief dip to 1.6211. Further decline remains in favor as long as 1.6381 resistance holds. Read more…
Daily Pivots: (S1) 0.9871; (P) 0.9882; (R1) 0.9898; More…. EUR/CHF’s rally is in progress and intraday bias stays on the upside. Decisive break of 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899 will Read more…
The week kicked off with quite a solid appetite, especially for commodities. Gold advanced to a fresh record and traded at $2450 per ounce yesterday despite a further rebound in US yields after more Federal Read more…
In focus today Today, we look out for several Fed speakers as Williams, Barkin, Barr, Bostic and Waller are all speaking. In Denmark, we get Q1 preliminary GDP figures, which we expect to be unchanged Read more…
Daily Pivots: (S1) 1.0846; (P) 1.0865; (R1) 1.0877; More… Intraday bias in EUR/USD remains neutral as consolidation continues below 1.0894. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 Read more…