Daily Pivots: (S1) 1.6596; (P) 1.6648; (R1) 1.6748; More… Intraday bias in EUR/AUD remains neutral as range trading continues. Outlook stays bullish with 1.6474 support intact. On the upside, above 1.6798 minor resistance will bring Read more…
Daily Pivots: (S1) 0.9496; (P) 0.9521; (R1) 0.9521; More…. EUR/CHF’s rebound from 0.9209 short term bottom is still in progress. Intraday bias stays on the upside for 55 D EMA (now at 0.9592). On the Read more…
AUDUSD retraces 61.8% of the July-August selloff But meets tough resistance at 50-day SMA AUDUSD has surged by around 4.5% from the August 5 low of 0.6347 but the recovery has hit a snag at Read more…
Daily Pivots: (S1) 1.0981; (P) 1.1014; (R1) 1.1046; More….. Intraday bias in EUR/USD remains on the upside for the moment. Current rise from 1.0665 in in progress for 100% projection of 1.0665 to 1.0947 from Read more…
Daily Pivots: (S1) 1.2806; (P) 1.2838; (R1) 1.2857; More… Intraday bias in GBP/USD remains on the upside for the moment. Pull back from 1.3043 could have completed at 1.2664 already. Further rise should be seen Read more…
Daily Pivots: (S1) 0.8625; (P) 0.8643; (R1) 0.8669; More…. Intraday bias in USD/CHF is mildly on the downside at this point. Rebound from 0.8431 might have completed at 0.8701 already. Deeper fall would be seen Read more…
Daily Pivots: (S1) 146.40; (P) 147.00; (R1) 147.91; More… Intraday bias in USD/JPY remains neutral for the moment. Outlook stays bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays Read more…
Daily Pivots: (S1) 1.3694; (P) 1.3709; (R1) 1.3730; More… Intraday bias in USD/CAD stays on the downside at this point despite weak downside momentum. Fall from 1.3946 would extend towards 1.3588 key support. On the Read more…
In focus today Today’s main event will be Norges Bank announcing their policy rate decision. We expect Norges Bank to keep the policy rate unchanged at 4.50%. Developments since June have gone slightly in both Read more…
UK GDP showed no growth in June, matched expectations. Services output fell by -0.1% mom after five consecutive monthly increases. Production grew by 0.8% mom. Construction grew by 0.5% mom. For Q2, GDP grew 0.6% Read more…