Daily Pivots: (S1) 145.96; (P) 146.76; (R1) 148.07; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. While further rise cannot be ruled out, outlook will stay bearish as long as 150.88 resistance Read more…
Daily Pivots: (S1) 1.2693; (P) 1.2722; (R1) 1.2780; More… Intraday bias in GBP/USD is turned neutral first with current recovery. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target Read more…
Daily Pivots: (S1) 0.8593; (P) 0.8634; (R1) 0.8707; More… While USD/CHF’s recovery from 0.8431 extends but upside is limited below 0.8711 resistance. Intraday bias remains neutral and further decline is still expected. On the downside, Read more…
Daily Pivots: (S1) 1.3719; (P) 1.3742; (R1) 1.3759; More… Intraday bias in USD/CAD is turned neutral first with current recovery. But further fall is expected as long as 1.3790 resistance holds. Break of 1.3720 and Read more…
Daily Pivots: (S1) 0.6535; (P) 0.6565; (R1) 0.6622; More… AUD/USD’s break of 0.6567 resistance confirms short term bottoming at 0.6348 and stronger rebound is underway. Intraday bias is back on the upside for 55 D Read more…
The US stock market rebounded notably overnight, with all three major indexes closing higher. However, this positive momentum didn’t carry over to the Asian session, where major markets are trading mixed. Despite the gains in Read more…
Key insights from the week that was. Following a tumultuous start to the week for global markets after a disappointing US employment print (see below), the RBA made clear their views on the risks the Read more…
Key Highlights USD/JPY is attempting a fresh increase from the 141.65 support zone. A major bearish trend line is forming with resistance at 150.00 on the 4-hour chart. Oil prices might struggle to climb above Read more…
China’s CPI rose by 0.5% yoy in July, up from June’s 0.2% yoy surpassing expectations of 0.4% yoy and marking the highest increase since February. This uptick was driven in part by a significant 20.4% Read more…
Kansas City Fed President Jeff Schmid acknowledged that while inflation is nearing the Fed’s 2% target, currently at around 2.5%, “we are still not quite there.” Nevertheless, “if inflation continues to come in low, my Read more…