EURUSD dipped to new two month low early Tuesday, remaining under pressure from risk aversion on China’s latest stimulus news and wide expectations of ECB rate cut by 25 basis points on Thursday. After registering Read more…
GBPUSD stays directionless near September’s base Technical signals cannot warrant an upside reversal GBPUSD faced mild selling pressure but held its footing above September’s floor of 1.3000-1.3040 after the UK employment survey showed better-than-expected jobs Read more…
EURJPY looks neutral in short-term view 200-day SMA seems to be another real struggle for bulls MACD and stochastics weaken their momentum EURJPPY has been stuck within a tight range of 162.30 and 163.45, remaining Read more…
Daily Pivots: (S1) 194.91; (P) 195.31; (R1) 195.99; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of Read more…
Daily Pivots: (S1) 162.98; (P) 163.29; (R1) 163.69; More…. EUR/JPY is still struggling to break through 163.47/86 resistance zone and intraday bias remains neutral. On the upside, firm break of 163.47/86 resistance will resume the Read more…
Daily Pivots: (S1) 0.8343; (P) 0.8359; (R1) 0.8368; More… Range trading continues in EUR/GBP and intraday bias stays neutral. Further decline is in favor, and firm break of 0.8309 will resume larger down trend to Read more…
Daily Pivots: (S1) 1.6185; (P) 1.6232; (R1) 1.6264; More… Intraday bias in EUR/AUD remains mildly on the downside for the moment. Rebound from 1.6002 could have completed at 1.6351. Deeper fall would be seen back Read more…
Daily Pivots: (S1) 0.9377; (P) 0.9403; (R1) 0.9434; More…. EUR/CHF is still bounded in converging range and intraday bias stays neutral for the moment. ON the upside, break of 0.9506 resistance should resume whole rebound Read more…
Markets Fed governor Waller was the sole highlight of yesterday’s uninspiring, holiday-thinned (Columbus Day in the US) start of the trading week. The man touted as current chair Powell’s successor said the “totality of the Read more…
The S&P 500 hit its 46th record high of the year on Monday, defying the recent and uncomfortable combination of stronger-than-expected jobs and higher-than-expected inflation numbers that hint that the Federal Reserve (Fed) should slow Read more…