The NFP report will provide insights into the health of the US labor market and may influence the Federal Reserve’s interest rate decisions. The consensus forecast is 160,000 jobs added, with the unemployment rate expected Read more…
At the start of the current trading week, there was a sharp pullback in major currency pairs. GBP/USD climbed to 1.2580, EUR/USD tested 1.0400 as resistance, and USD/CAD temporarily dropped below 1.4200. However, dollar sellers Read more…
Daily Pivots: (S1) 193.47; (P) 194.64; (R1) 195.81; More… Intraday bias in GBP/JPY stays mildly on the downside for the moment. Rise from 188.07 might have completed at 198.84 already. Deeper fall would be seen Read more…
Daily Pivots: (S1) 162.36; (P) 162.90; (R1) 163.42; More… EUR/JPY is staying in consolidation below 164.89 and intraday bias remains neutral. Rise from 156.16, as a leg in the corrective pattern from 154.40, should continue Read more…
Daily Pivots: (S1) 0.8338; (P) 0.8372; (R1) 0.8404; More… Intraday bias in EUR/GBP stays on the upside for the moment, as rally from 0.8221 short term bottom is in progress for 0.8446 key resistance. Strong Read more…
Daily Pivots: (S1) 1.6591; (P) 1.6628; (R1) 1.6661; More… No change in EUR/AUD’s outlook as range trading continues, and intraday bias stays neutral. Corrective pattern from 1.6800 could extend further. But strong support could be Read more…
Daily Pivots: (S1) 0.9385; (P) 0.9394; (R1) 0.9405; More…. No change in EUR/CHF’s outlook and intraday bias stays neutral. Corrective rebound from 0.9204 could still extend higher through 0.9440. But upside should be limited by Read more…
Daily Pivots: (S1) 1.4372; (P) 1.4388; (R1) 1.4411; More… Intraday bias USD/CAD remains neutral for the moment, and consolidations from 1.466 could extend, probably with another fall. But downside should be contained above 38.2% retracement Read more…
Daily Pivots: (S1) 0.6172; (P) 0.6196; (R1) 0.6219; More… Intraday bias in AUD/USD remains neutral at this point, and further decline is expected as long as 0.6301 resistance holds. Firm break of 0.6169 key support Read more…
Daily Pivots: (S1) 157.69; (P) 158.04; (R1) 158.51; More… Intraday bias in USD/JPY remains neutral for the moment, and further rally is in favor with 156.01 support intact. On the upside, firm break of 61.8% Read more…