Daily Pivots: (S1) 0.8288; (P) 0.8296; (R1) 0.8306; More… Intraday bias in EUR/GBP remains neutral for the moment as range trading continues inside 0.8221/8326. On the upside, firm break of 0.8326 resistance will confirm short Read more…
Daily Pivots: (S1) 1.6529; (P) 1.6562; (R1) 1.6614; More… Intraday bias in EUR/AUD remains neutral for the moment. Strong support could be seen from 38.2% retracement of 1.5963 to 1.6800 at 1.6480 to bring rebound. Read more…
Daily Pivots: (S1) 161.58; (P) 161.90; (R1) 162.49; More… EUR/JPY recovered further today but stays below 163.30 minor resistance and intraday bias stays neutral. Outlook is unchanged that t corrective pattern from 154.40 is still Read more…
Daily Pivots: (S1) 194.83; (P) 195.19; (R1) 195.74; More… GBP/JPY recovers notably today but stays in range below 198.94 and intraday bias remains neutral. Outlook is unchanged that corrective pattern from 180.00 is still extending. Read more…
Yen struggles today even as risk aversion set the tone across Asian markets. Nikkei extended its retreat after briefly breaching 40k psychological level last week, as the rally proved unsustainable for investors. Adding to Yen’s Read more…
Markets The dollar was talk of the town during the holiday period. We expect the greenback to remain in the center of attention in the run-up to president-elect Trump’s inauguration January 20. The US currency Read more…
BoJ Governor Kazuo Ueda reiterated the cautious stance on monetary policy adjustments at a Japanese Bankers Association event today. He emphasized that any interest rate hikes would depend on sustained improvements in economic and price Read more…
China’s services sector gained pace in December, with Caixin PMI Services rising to 52.2 from 51.5 in November, marking its highest level since May. However, the overall economic picture remains mixed as PMI Composite slipped Read more…
Japan’s service sector showed slight improvement in December, with final PMI Services index rising to 50.9 from 50.5 in November, indicating marginal growth. PMI Composite also increased to 50.5 from 50.1, reflecting modest stabilization in Read more…
EUR/USD declined from the 1.0450 resistance and traded below 1.0300. USD/JPY is rising and might gain pace above the 158.00 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline Read more…