AUDUSD poised for a move—traders should stay alert! The AUDUSD pair, often referred to by traders as the “Aussie,” is a major currency pair representing the exchange rate between the Australian and US Dollar. The Read more…
Markets Sterling was among the outperformers on currency markets last Friday. The British pound excelled on significantly stronger than expected August retail sales after an already bumper July. EUR/GBP’s downside at 0.838 (July and by Read more…
Last week marked the end of my myopia and the beginning of the end of the Federal Reserve’s (Fed) tightening cycle. The Fed started lowering its rates by 50bp – a bold decision that raised Read more…
In focus today Today, focus is on the euro area PMIs for September. The service PMIs got a ‘golden boost’ from the Olympics in France in August, which likely reversed in September. While we expect Read more…
Daily Pivots: (S1) 1.1139; (P) 1.1161; (R1) 1.1185; More…. Intraday bias is EUR/USD is turned neutral with 4H MACD crossed below signal line. Some more consolidations could be seen below 1.1200. But further rally is Read more…
Daily Pivots: (S1) 142.28; (P) 143.39; (R1) 145.03; More… Intraday bias in USD/JPY remains mildly on the upside for the moment. Rebound from 139.57 short term bottom should extend to 38.2% retracement of 161.94 to Read more…
Daily Pivots: (S1) 1.3278; (P) 1.3309; (R1) 1.3354; More… Intraday bias in GBP/USD remains on the upside for the moment. Current rally is in progress for 1.2664 to 1.3265 from 1.3000 at 1.3371. Firm break Read more…
Daily Pivots: (S1) 0.8465; (P) 0.8491; (R1) 0.8530; More… Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Read more…
Daily Pivots: (S1) 0.6784; (P) 0.6806; (R1) 0.6830; More… Intraday bias in AUD/USD remains on the upside for the moment. Current rally from 0.6348 is in progress for 61.8% projection of 0.6348 to 0.6823 from Read more…
Daily Pivots: (S1) 1.3545; (P) 1.3567; (R1) 1.3593; More… Intraday bias in USD/CAD remains neutral as range trading continues. On the downside, break of 1.3532 will argue that corrective recovery from 1.3439 has already completed, Read more…