Daily Pivots: (S1) 0.9561; (P) 0.9581; (R1) 0.9612; More…. Intraday bias in EUR/CHF remains neutral for consolidations above 0.9159. Further decline is expected as long as 0.9641 support turned resistance holds. Rebound from 0.9476 should Read more…
Daily Pivots: (S1) 1.0843; (P) 1.0855; (R1) 1.0869; More….. Intraday bias in EUR/USD remains neutral for consolidations above 1.0825 temporary low. Further decline is expected as long as 1.0896 minor resistance holds. Below 1.0825 will Read more…
Daily Pivots: (S1) 1.2851; (P) 1.2866; (R1) 1.2883; More… Intraday bias in GBP/USD remains neutral for the moment and outlook is unchanged. As long as 1.2859 resistance turned support holds, further rally is in favor. Read more…
Daily Pivots: (S1) 0.8812; (P) 0.8828; (R1) 0.8853; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8776 temporary low. Further decline is expected as long as 0.8923 resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 152.96; (P) 153.85; (R1) 154.59; More… Intraday bias in USD/JPY remains neutral for consolidation above 151.93. Further decline is expected as long as 155.36 support turned resistance holds. On the downside, decisive Read more…
Daily Pivots: (S1) 0.6528; (P) 0.6548; (R1) 0.6568; More… Intraday bias in AUD/USD remains neutral for consolidations above 0.6513 temporary low. Further decline is expected as long as 55 4H EMA (now at 0.6623) holds. Read more…
Markets Core bonds finished higher last Friday. US Treasury yields were unable to build on Thursday’s Q2 GDP intraday rebound. The release of some economic data including personal income & spending and June PCE deflators Read more…
There is a sense of hope in the market this Monday morning after Friday’s PCE data boosted the expectation that the Federal Reserve (Fed) is getting very close to signaling its first rate cut in Read more…
Daily Pivots: (S1) 1.3814; (P) 1.3831; (R1) 1.3856; More… Intraday bias in USD/CAD remains neutral for consolidations below 1.3848 temporary top. Further rally is expected as long as 55 4H EMA (now at 1.3762) holds. Read more…
Trading in the forex markets has been notably subdued during the Asian session today, even as major Asian stock indexes showed strong rebounds. This muted activity in currency trading is not surprising given that it’s Read more…