Daily Pivots: (S1) 189.79; (P) 191.07; (R1) 192.00; More… Intraday bias in GBP/JPY remains on the downside at this point. Fall from 199.79 should target 183.70 support. Break there will bring retest of 180.00 low. Read more…
Daily Pivots: (S1) 157.63; (P) 158.80; (R1) 159.55; More…. Intraday bias in EUR/JPY remains on the downside, as fall from 166.67 is in progress for 155.14 support first. Firm break there will raise the chance Read more…
Daily Pivots: (S1) 0.8295; (P) 0.8314; (R1) 0.8325; More… EUR/GBP dips notably today but stays above 0.8259 support. Intraday bias remains neutral first. Further decline is expected with 0.8446 resistance intact. On the downside, decisive Read more…
Daily Pivots: (S1) 1.6200; (P) 1.6229; (R1) 1.6270; More… Outlook in EUR/AUD is unchanged and intraday bias stays neutral. On the upside, firm break of 1.6359 resistance will be the first sign of bullish reversal Read more…
Daily Pivots: (S1) 0.9300; (P) 0.9313; (R1) 0.9333; More…. Intraday bias in EUR/CHF stays neutral and outlook is unchanged. Further decline is in favor with 0.9343 resistance intact. On the downside, below 0.9269 minor support Read more…
EURUSD meets 1.0500 again Stochastic and RSI continue bearish moves EURUSD failed to extend its bullish movement above the 1.0600 round number, which overlaps with the 20-day simple moving average (SMA), raising the likelihood for Read more…
GBP/USD is attempting a recovery wave above the 1.2600 resistance. EUR/GBP declined steadily below the 0.8340 and 0.8330 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh Read more…
Latvia’s ECB Governing Council member Martins Kazaks indicated his support for an interest rate cut at next week’s ECB meeting, citing the belief that inflation problem “will soon end.” However, Kazaks acknowledged the high level Read more…
In an interview with the Financial Times, ECB Chief Economist Philip Lane indicated that the central is preparing to adjust its monetary policy approach as inflation moves closer to the 2% target. While acknowledging that Read more…
Markets The front end of the European yield curve outperformed going into the weekend. Rates dropped almost 5 bps in the 2-yr German tenor, enough to lose the symbolical 2% barrier to close at a Read more…