Daily Pivots: (S1) 0.6163; (P) 0.6195; (R1) 0.6226; More… Intraday bias in AUD/USD remains neutral as consolidations continue above 0.6130 support. Outlook will remain bearish as long as 0.6301 resistance holds. Break of 0.6130 will Read more…
Daily Pivots: (S1) 155.39; (P) 155.88; (R1) 156.79; More… Intraday bias in USD/JPY remains neutral, and risk will stay on the downside as long as 158.86 short term top holds. On the downside, below 154.97 Read more…
Daily Pivots: (S1) 0.9111; (P) 0.9133; (R1) 0.9171; More… Range trading continues in USD/CHF below 0.9200 and intraday bias remains neutral. More consolidations could be seen but outlook will stay bullish as long as 0.9007 Read more…
Daily Pivots: (S1) 1.2137; (P) 1.2193; (R1) 1.2226; More… Intraday bias in GBP/USD remains neutral as range trading continues above 1.2099. More consolidations would be seen and stronger recovery cannot be ruled out. But outlook Read more…
Although today is a public holiday in the US (Martin Luther King Jr. Day), financial markets are unlikely to remain calm, as traders and investors will be closely watching the inaugural speech of Donald Trump, Read more…
Daily Pivots: (S1) 1.0247; (P) 1.0289; (R1) 1.0313; More… EUR/USD recovers mildly today but stays in the middle of near term range above 1.0176. Intraday bias stays neutral and outlook remains bearish with 1.0435 resistance Read more…
Dollar is trading slightly lower today as markets await Donald Trump’s inauguration as the 47th US President. Attention is focused on his inaugural speech, expected to confirm his policy priorities. However, the real market-moving event Read more…
The American stock market — which consists of the two major American exchanges, the NYSE and the Nasdaq — is typically open from 9:30 am to 4:00 pm Eastern Time Monday through Friday. Each exchange Read more…
Austrian ECB Governing Council member Robert Holzmann expressed skepticism over a potential rate cut at ECB’s upcoming January meeting. In an interview with Politico, Holzmann stated, “A cut is not a foregone conclusion for me Read more…
China’s central bank maintained its benchmark lending rates unchanged on Monday. The one-year loan prime rate was steady at 3.1%, while the over-five-year LPR, which influences mortgage rates, remained at 3.6%. The offshore Yuan strengthened Read more…