Mood among investors is not cheery into the Federal Reserve’s (Fed) latest monetary policy decision due later today. And it’s understandable. The Fed must respond to three straight month jump in inflation and probably take Read more…
Daily Pivots: (S1) 1.3694; (P) 1.3739; (R1) 1.3824; More… USD/CAD’s break of 1.3730 minor resistance suggests that pullback from 1.3845 has completed at 1.3613. Intraday bias is back on the upside for retesting 1.3845 first. Read more…
Daily Pivots: (S1) 0.6439; (P) 0.6504; (R1) 0.6537; More… Break of 0.6482 minor support argues that rebound from 0.6361 has completed importantly, fall from 0.6870 might not be over yet. Intraday bias is back on Read more…
Daily Pivots: (S1) 1.0642; (P) 1.0688; (R1) 1.0713; More… Break of 1.0673 minor support argues that EUR/USD recovery from 1.0601 has completed at 1.0752 already. Intraday bias is back on the downside for retesting 1.0601 Read more…
Daily Pivots: (S1) 1.2465; (P) 1.2517; (R1) 1.2544; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at Read more…
Daily Pivots: (S1) 156.64; (P) 157.25; (R1) 158.42; More… Intraday bias in USD/JPY stays neutral at this point, as consolidation from 160.20 is extending. In case of another fall, downside should be contained by 38.2% Read more…
Daily Pivots: (S1) 0.9128; (P) 0.9162; (R1) 0.9231; More…. USD/CHF’s rally from 0.8332 resumed and hit as high as 0.9215 so far. Intraday bias is back on the upside for 0.9243 resistance next. Decisive break Read more…
Dollar rebounded broadly overnight and stayed generally firm in Asian session. Stock investors were apparently adopting a cautious stance and lightening up positions ahead of Fed’s rate decision and subsequent press conference today. With recent Read more…
US stocks tumbled sharply overnight, concluding a turbulent April as traders anticipated a hawkish pivot from Fed Chair Jerome Powell in his upcoming post-FOMC meeting press conference today. DOW recorded -5% loss for the month, Read more…
Japan’s PMI Manufacturing was finalized at 49.6 in April, marking an increase from March’s 48.2 and reaching its highest level in eight months. While the index remains below the pivotal 50.0 mark, which distinguishes expansion Read more…