Daily Pivots: (S1) 1.3725; (P) 1.3737; (R1) 1.3754; More… USD/CAD’s fall from 1.3946 resumed after brief consolidations and intraday bias is back on the downside sustained trading below 55 D EMA (now at 1.3726) will Read more…
Daily Pivots: (S1) 0.6596; (P) 0.6617; (R1) 0.6655; More… AUD/USD’s rally from 0.6438 is still in progress and intraday bias stays on the upside. With break of 55 D EMA (now at 0.6612), next target Read more…
Daily Pivots: (S1) 146.31; (P) 147.13; (R1) 147.66; 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) 0.8630; (P) 0.8655; (R1) 0.8673; More…. Intraday bias in USD/CHF stays neutral and outlook remains bearish with 38.2% retracement of 0.9223 to 0.8431 at 0.8734 intact. On the downside, below 0.8631 minor Read more…
Daily Pivots: (S1) 1.0938; (P) 1.0969; (R1) 1.1024; More….. EUR/USD’s break of 1.0944 minor resistance suggests that pull back from 1.1007 has completed at 1.0880 already. Intraday bias is back on the upside for 1.1007. Read more…
The RBNZ cut the OCR to 5.25% at its August policy meeting by unanimous decision. We think the RBNZ only seriously considered the option of cutting the OCR by 25bps at this point. The Governor Read more…
Daily Pivots: (S1) 1.2792; (P) 1.2833; (R1) 1.2903; More… GBP/USD’s extended rebound and break of 1.2839 resistance argues that pull back from 1.3043 has completed at 1.2664 already. Intraday bias is back on the upside Read more…
New Zealand Dollar plunged today after RBNZ unexpectedly cut interest rates by 25bps, marking the first reduction in this easing cycle. This move came much earlier than the market’s anticipation of a rate cut in Read more…
Key Highlights Gold is attempting a fresh increase above the $2,440 support zone. A major bullish trend line is forming with support at $2,400 on the 4-hour chart. Oil prices extended gains and climbed above Read more…
NZD/USD fell notably after RBNZ’s surprised rate cut but loss is so far limited. Some consolidations would be seen below 0.6083 temporary top first. But further rally would remain in favor as long as 0.5976 Read more…