Aggressive interest rate cuts by PBoC coupled with potential expansionary fiscal policies that target consumer spending have stoked positive animal spirits. Market breadth has improved on China CSI 300 and Hong Kong Hang Seng Index. Read more…
US 500 index climbed to new record highs last week But got rejected and has retreated a little since MACD and RSI look overbought Following the bounce off the 5,385 support level, the US 500 Read more…
According to Reuters, it was announced on Friday that Shigeru Ishiba, known for his tough stance on interest rates, will become Japan’s next Prime Minister. This news caused a sharp intraday reversal in the USD/JPY Read more…
USDCHF traders brace for action — key data on the horizon! The USDCHF pair, commonly referred to as the “Swissie,” represents the exchange rate between the US dollar and the Swiss franc. The US dollar Read more…
Gold is trading sideways today, but close to recent highs Volatility drops as a key US data week starts Momentum indicators are less bullish at this juncture Gold is trading sideways today, a tad below Read more…
Daily Pivots: (S1) 1.1124; (P) 1.1164; (R1) 1.1202; More…. Intraday bias in EUR/USD remains neutral and more consolidations could be seen below 1.1213. But further rally is expected as long as 1.1001 support holds. Above Read more…
Daily Pivots: (S1) 140.66; (P) 143.58; (R1) 145.08; More… Intraday bias in USD/JPY remains on the downside as fall from 146.48 is in progress for retesting 139.578. Strong support could be seen again from 139.26 Read more…
Daily Pivots: (S1) 1.3346; (P) 1.3387; (R1) 1.3414; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen below 1.3433 temporary top. Further rally is expected as long as 1.3265 resistance turned Read more…
Daily Pivots: (S1) 0.8374; (P) 0.8433; (R1) 0.8465; More… Intraday bias in USD/CHF remains neutral as range trading continues above 0.8374. Further decline is in favor with 0.8548 resistance intact. On the downside, break of Read more…
Daily Pivots: (S1) 0.6868; (P) 0.6902; (R1) 0.6937; More… Intraday bias in AUD/USD remains on the upside for the moment. Current rally from 0.6340 should target 100% projection of 0.6348 to 0.6823 from 0.6621 at Read more…