Daily Pivots: (S1) 0.8995; (P) 0.9011; (R1) 0.9038; More… Intraday bias in USD/CHF is back on the upside with breach of 0.9020 temporary top. Rise from 0.8374 is resuming for 61.8% projection of 0.8374 to Read more…
Daily Pivots: (S1) 157.49; (P) 157.74; (R1) 158.14; More… Intraday bias in USD/JPY stays mildly on the upside despite weak momentum as seen in 4H MACD. Current rise from 139.57 is still in progress for Read more…
Daily Pivots: (S1) 1.4377; (P) 1.4413; (R1) 1.4452; More… USD/CAD is still extending the consolidations from 1.4466 and intraday bias remains neutral. While deeper pull back cannot be ruled out, outlook will stay bullish as Read more…
EUR/USD edges higher for third straight day. But unable to break past range ceiling. Upside momentum gathers some strength. EUR/USD has been trading sideways ever since its rebound attempt on December 20 faltered. The range Read more…
Throughout 2024, the US dollar traded with mixed dynamics but showed consistent strengthening over the past three months. According to WSJ and Reuters, the following factors contributed to this growth: → Reports of a strong Read more…
The Nikkei 225 (Japan 225 on FXOpen) has risen nearly 20% in 2024, marking its best performance since 1989, according to Trading Economics. This impressive gain is especially noteworthy considering the market plunge in early Read more…
Daily Pivots: (S1) 0.6199; (P) 0.6218; (R1) 0.6236; More… AUD/USD recovers mildly today but overall outlook is unchanged. Intraday bias stays neutral first, and consolidations from 0.6198 should be relatively brief as long as 0.6336 Read more…
Commodity currencies are starting the week with a modest recovery as Aussie, Kiwi, and Loonie attempt to pare steep losses from earlier in the month. Gains remain limited in the subdued holiday trading environment, but Read more…
Swiss KOF Economic Barometer fell to 99.5 in December, down from 102.9 in November and below market expectations of 101.1. This decline brings the indicator slightly below its medium-term average, signaling a “dampened” outlook for Read more…
Japan’s Manufacturing PMI for December was finalized at 49.6, an improvement from November’s 49.0, indicating a gradual move toward stabilization in the sector. According to Usamah Bhatti of S&P Global Market Intelligence, the data “painted Read more…