EURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials. Federal Reserve Chair Jerome Powell’s recent Read more…
USDCAD snaps long-term range above 1.4000 Bulls may take a breather; overall outlook remains bullish USDCAD enjoyed a lovely session on Thursday, and it even found fresh buying interest to tick to a new four-year high of Read more…
Market Picture The cryptocurrency market continues to cool for the third day in a row, falling 1.7% in the last 24 hours to $2.92 trillion. This is a retest of the lower end of a Read more…
The British pound has stabilized on Friday after four straight losing sessions. In the European session, GBP is trading at 1.2666, up 0.02%. It has been a miserable week for the pound, which is down Read more…
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The Japanese yen is in positive territory today, putting the brakes on a four-day skid. In the European session, USD/JPY is trading at 155.54 down 0.45% on the day. Japan GDP climbs 0.9% Japan’s economy Read more…
Daily Pivots: (S1) 197.28; (P) 197.76; (R1) 198.45; More… GBP/JPY is still bounded in sideway trading below 199.79 and intraday bias stays neutral. Further rally is expected as long as 55 D EMA (now at Read more…
Daily Pivots: (S1) 163.91; (P) 164.44; (R1) 165.09; More…. No change in EUR/JPY’s outlook and intraday bias stays neutral. On the downside, sustained trading below 55 D EMA (now at 163.48) will argue that whole Read more…
Daily Pivots: (S1) 0.8305; (P) 0.8315; (R1) 0.8322; More… Intraday bias in EUR/GBP remains neutral for the moment. More consolidations could be seen above 0.8259 but further decline is expected as long as 0.8446 resistance Read more…
Daily Pivots: (S1) 1.6268; (P) 1.6299; (R1) 1.6345; More… Intraday bias in EUR/AUD stays neutral as consolidations continues above 1.6161 temporary low. Risk will stay mildly on the downside as long as 1.6598 holds. On Read more…