In focus today In the euro area, the ECB meeting today is expected to end with yet another 25bp rate cut, bringing the policy rate to 2.50%, 150bp lower than the peak last year. While Read more…
Daily Pivots: (S1) 1.4300; (P) 1.4300; (R1) 1.4419; More… USD/CAD’s firm break of 55 4H EMA (now at 1.4362) suggests that rebound from 1.4150 has completed at 1.4541 already. Fall from there is seen as Read more…
Daily Pivots: (S1) 0.6265; (P) 0.6304; (R1) 0.6374; More… Intraday bias in AUD/USD remains neutral as range trading continues. On the downside, below 0.6186 will resume the fall from 0.6407 to retest 0.6087 low. However, Read more…
Daily Pivots: (S1) 148.12; (P) 149.15; (R1) 149.91; More… Intraday bias in USD/JPY remains neutral for consolidations above 148.08. With 151.29 resistance intact, fall from 158.86 is expected to continue as the third leg of Read more…
Daily Pivots: (S1) 0.8871; (P) 0.8893; (R1) 0.8930; More… Intraday bias in USD/CHF is turned neutral with current recovery. Strong rebound from 38.2% retracement of 0.8374 to 0.9200 at 0.8884, followed by break of 0.9035 Read more…
Daily Pivots: (S1) 1.2808; (P) 1.2855; (R1) 1.2941; More… Intraday bias in GBP/USD remains on the upside for the moment, as rise from 1.2099 continues today. Sustained break of 61.8% retracement of 1.3433 to 1.2099 Read more…
Daily Pivots: (S1) 1.0662; (P) 1.0729; (R1) 1.0857; More… Intraday bias in EUR/USD remains on the upside as current rally from 1.0176 is still in progress. Next target is 161.8% projection of 1.0176 to 1.0531 Read more…
Risk sentiment is mildly positive in Asian session today, as investors digest the latest developments in US trade policy and Chinese economic measures. Markets welcomed the news that the US has granted a one-month exemption Read more…
Short Term Elliott Wave View in Dollar Index (DXY) suggests the decline from 1.13.2025 peak is taking the form of an impulse with extension (nesting). Down from there, wave 1 ended at 106.97 and rally Read more…
Consumers have long had an interesting relationship with alcohol. And with the U.S. Surgeon General recently sounding alarms about alcohol’s long-term health risks, we could see a decline in alcohol sales as consumers opt to Read more…