Daily Pivots: (S1) 0.8867; (P) 0.8919; (R1) 0.8954; More…. Immediate focus is now on 0.8883 fibonacci level as USD/CHF’s fall from 0.9223 extended. Sustained break there will carry larger bearish implications. Nevertheless, strong rebound from Read more…
Daily Pivots: (S1) 1.2737; (P) 1.2777; (R1) 1.2810; More….. Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations could be seen below 1.2816. Further rise is in favor as long as Read more…
Shocker! The exit polls were completely wrong in predicting the outcome of the Indian election. Not only that Narendra Modi’s BJP couldn’t secure a landslide victory in the latest elections – as it was suggested Read more…
Daily Pivots: (S1) 1.0853; (P) 1.0885; (R1) 1.0910; More… Intraday bias in EUR/USD is turned neutral with current retreat and some consolidations would be seen below 1.0915. Further rally is expected as long as 1.0788 Read more…
Forex trading in Asian session today was relatively muted, with market participants holding off on major moves in anticipation of impending key events. The spotlight is on BoC, with traders eagerly awaiting its rate decision. Read more…
Short Term Elliott Wave in Oil (CL_F) shows incomplete Elliott Wave bearish sequence from 04.12.2024 high. Down from there, wave 1 ended at 76.15 like the 1 hour chart below shows. Rally in wave 2 Read more…
BoC rate decision is under the spotlight today. There is palpable readiness within the central bank to commence monetary policy easing especially following unexpectedly weak Q1 GDP data. The primary question being is whether it Read more…
Key Highlights Gold declined and tested the $2,315 zone. A key declining channel is forming with resistance at $2,345 on the 4-hour chart. EUR/USD is holding gains above the 1.0850 level. GBP/USD seems to be Read more…
China’s Caixin PMI Services index jumped from 52.5 to 54.0 in May, exceeding expectations of 52.6. This marks the 17th consecutive month of expansion and the highest reading since July 2023. Similarly, PMI Composite rose Read more…
RBA Governor Michele Bullock addressed a senate panel today, emphasizing the importance of controlling inflation despite balanced risks. She underscored the necessity of bringing inflation back down to the target band, warning that if inflation Read more…