Daily Pivots: (S1) 1.0749; (P) 1.0801; (R1) 1.0837; More… EUR/USD is losing upside momentum after hitting 1.0853 and intraday bias is turned neutral first. Downside of retreat should be contained above 55 4H EMA (now Read more…
Daily Pivots: (S1) 1.2857; (P) 1.2891; (R1) 1.2915; More… GBP/USD is losing momentum ahead of 61.8% retracement of 1.3433 to 1.2099 at 1.2923 and intraday bias is turned neutral first. Downside of retreat should be Read more…
Daily Pivots: (S1) 147.09; (P) 148.21; (R1) 149.11; More… Intraday bias in USD/JPY remains on the downside for the moment. Fall from 158.86, as the third leg of the corrective pattern from 161.94 high, is Read more…
Daily Pivots: (S1) 0.8800; (P) 0.8863; (R1) 0.8900; More… Intraday bias in USD/CHF remains on the downside for the moment. Rise from 0.8374 should have completed at 0.9222, after rejection by 0.9223 key resistance. Deeper Read more…
Risk sentiment in the forex markets appears to be tilting towards risk aversion in Asian trading, marking a shift from the broad Dollar selloff earlier in the week. Overnight, US President Donald Trump granted temporary Read more…
US markets are standing on precarious footing, with investors attention on the February non-farm payrolls report due later in the day. There has been noticeable anxieties surrounding the impact of fiscal and trade policies changes. Read more…
China’s exports rose just 2.3% yoy to USD 539.9B in the January–February period, coming in below forecasts of 5.0% yoy and down sharply from December’s 10.7% yoy. Meanwhile, imports sank -8.4% yoy to USD 369.4B, Read more…
Atlanta Fed President Raphael Bostic emphasized the high level of uncertainty in the US economy due to evolving policies under the Trump administration. With inflation, trade policies, and government spending all in flux, he suggested Read more…
Key Highlights USD/JPY extended losses and traded below the 149.20 support. A key bearish trend line is forming with resistance at 149.30 on the 4-hour chart. GBP/USD surged above the 1.2800 and 1.2850 resistance levels. Read more…
Fed Governor Christopher Waller suggested that another rate cut at the next FOMC meeting is unlikely, but he remains open to further easing down the line. “I would’t say at the next meeting, but could Read more…