Month: February 2025

In focus today Today, we expect the Bank of England to cut the Bank Rate by 25bp to 4.50% in line with consensus and market pricing. We anticipate the vote split to be 8-1 with Read more…

Daily Pivots: (S1) 189.81; (P) 191.31; (R1) 192.31; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, firm break of 189.31 will suggest that corrective pattern from 180.00 has completed. But Read more…

Daily Pivots: (S1) 158.06; (P) 159.18; (R1) 159.87; More… Intraday bias in EUR/JPY remains neutral for the moment. Overall outlook is unchanged that consolidation pattern from 154.40 could still extend. On the downside, below 157.96 Read more…

Daily Pivots: (S1) 0.8303; (P) 0.8320; (R1) 0.8335; More… Intraday bias in EUR/GBP is turned neutral for consolidations above 0.8290 temporary low. Further decline s expected as long as 0.8353 resistance holds. Corrective rebound from Read more…

Daily Pivots: (S1) 1.6521; (P) 1.6574; (R1) 1.6605; More… EUR/AUD’s consolidation from 1.6800 is still in progress and intraday bias stays neutral. Strong support is expected from 38.2% retracement of 1.5963 to 1.6800 at 1.6480 Read more…

Daily Pivots: (S1) 0.9368; (P) 0.9387; (R1) 0.9400; More…. EUR/CHF is staying in range trading above 0.9359 and intraday bias remains neutral. Risk will stay on the downside as long as 0.9516 resistance holds. Corrective Read more…

Daily Pivots: (S1) 1.4275; (P) 1.4310; (R1) 1.4350; More… Intraday bias in USD/CAD remains neutral for the moment. Downside of the consolidation from 1.4791 should be contained by 1.4260 cluster support (38.2% retracement of 1.3418 Read more…

Daily Pivots: (S1) 0.6251; (P) 0.6274; (R1) 0.6308; More… Intraday bias in AUD/USD remains neutral and further decline is expected as long as 0.6329 resistance holds. Break of 0.6087 will resume larger fall from 0.6941. Read more…

Daily Pivots: (S1) 1.2462; (P) 1.2506; (R1) 1.2548; More… Outlook is unchanged in GBP/USD. Strong resistance is expected from 38.2% retracement of 1.3433 to 1.2099 at 1.2609 to complete the corrective rebound from 1.2099. On Read more…

Daily Pivots: (S1) 0.8992; (P) 0.9028; (R1) 0.9054; More… No change in USD/CHF’s outlook as consolidation from 0.9200 is still extending. Intraday bias remains neutral first. Outlook will remain bullish as long as 0.8956/64 support Read more…