Month: June 2024

The week kicks off on a weak note following a moody trading session across Europe and the US on Friday. One of the most significant moves of last two trading days of the US was Read more…

Daily Pivots: (S1) 1.3671; (P) 1.3698; (R1) 1.3721; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. Further rally is expected as long as 1.3662 support holds. Above 1.3790 will bring retest of Read more…

Daily Pivots: (S1) 0.6625; (P) 0.6648; (R1) 0.6663; More… No change in AUD/USD’s outlook as consolidation from 0.6713 is still extending. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to Read more…

Daily Pivots: (S1) 1.0669; (P) 1.0695; (R1) 1.0719; More…. Intraday bias in EUR/USD remains neutral first and consolidation from 1.0667 could extend. But further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is Read more…

Daily Pivots: (S1) 1.2619; (P) 1.2646; (R1) 1.2671; More… Intraday bias in GBP/USD remains mildly on the downside for the moment. Sustained break of 1.2633 resistance turned support will argue that whole rise from 1.2298 Read more…

Daily Pivots: (S1) 0.8917; (P) 0.8931; (R1) 0.8958; More…. Intraday bias in USD/CHF stays neutral and more consolidations could be seen above 0.8825. Still, near term outlook remains bearish with 0.8992 resistance intact. Break of Read more…

Daily Pivots: (S1) 159.02; (P) 159.44; (R1) 160.22; More… Intraday bias in USD/JPY remains on the upside for the moment. Current rally should target 160.20 high, or possibly to 100% projection of 151.86 to 157.70 Read more…

Yen recovered mildly in quiet Asian session along with the Swiss Franc, driven by mild risk aversion in the region. Despite this uptick, there is no strong indication of a significant rebound for the Japanese Read more…

Key Highlights EUR/USD failed to surpass 1.0765 and declined once again. A major bearish trend line is forming with resistance at 1.0710 on the 4-hour chart. GBP/USD declined heavily and traded below the 1.2680 support. Read more…

During Monetary Policy Meeting on June 13-14, BoJ board discussed the need for adjustments in response to rising inflation risks. One key opinion indicated that if April Outlook Report’s economic and inflation forecasts are realized, Read more…