Daily Pivots: (S1) 151.18; (P) 151.69; (R1) 152.47; More… USD/JPY’s break of 151.94 resistance suggests that pull back from 156.74 has completed as a correction at 148.64. That is, rise from 139.57 hasn’t completed yet. Read more…
Daily Pivots: (S1) 1.2737; (P) 1.2758; (R1) 1.2791; More… Intraday bias in GBP/USD remains neutral as range trading continues. Rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as Read more…
Daily Pivots: (S1) 0.8787; (P) 0.8810; (R1) 0.8853; More… USD/CHF’s rebound from 0.8735 continues today and intraday bias stays on the upside. As noted before, corrective fall from 0.8956 could have completed at 0.8735 after Read more…
Daily Pivots: (S1) 1.4160; (P) 1.4178; (R1) 1.4199; More… Intraday bias in USD/CAD remains on the upside for the moment. Current rally is part of the larger up trend and should target 1.4391 projection level. Read more…
RBA Deputy Governor Andrew Hauser addressed the implications of US President-elect Donald Trump’s proposed tariffs at an event today. He highlighted that while higher global tariffs could depress activity across supply chains, the full extent Read more…
Australian Dollar continued its decline today as speculation mounted that China might allow Yuan to weaken in 2025 to counteract the economic impact of increased US trade tariffs under the incoming Trump administration. While no Read more…
USDJPY remains below short-term uptrend line Bullish doji candle proved true Stochastic rallies occur in overbought area; RSI flattens USDJPY is fighting with the significant 200-day simple moving average (SMA) around 152.00, trying to extend Read more…
EUR/USD extended losses and traded below the 1.0550 support. USD/CHF is rising and might aim for a move toward the 0.8880 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear Read more…
Fundamental Analysis The USD’s revaluation on Tuesday, December 10, 2024, is largely driven by expectations of a 25 basis point rate cut by the European Central Bank (ECB), which would weaken the euro. Markets have Read more…
Daily Pivots: (S1) 0.6347; (P) 0.6395; (R1) 0.6426; More… AUD/USD’s break of 0.6371 temporary low indicates resumption of whole fall from 0.6941. Intraday bias is back on the downside for 0.6348 support, and then 0.6269. Read more…