Daily Pivots: (S1) 192.90; (P) 194.35; (R1) 195.70; More… No change in GBP/JPY’s outlook as it stays in range below 195.95. Intraday bias remains neutral. On the upside, break of 195.95 will extend the rally Read more…
Daily Pivots: (S1) 160.82; (P) 162.50; (R1) 163.89; More… Much volatility was seen in EUR/JPY but it remains largely in range. Intraday bias remains neutral first. On the upside, above 164.16 will resume the rally Read more…
Daily Pivots: (S1) 0.8320; (P) 0.8354; (R1) 0.8380; More… EUR/GBP is staying in established range despite some volatility. Intraday bias remains neutral first. On the downside, break of 0.8314 will resume the decline from 0.8448 Read more…
Daily Pivots: (S1) 1.7138; (P) 1.7217; (R1) 1.7320; More… EUR/AUD’s strong rebound and break of 0.7364 revives the case that consolidation from 1.7417 has already completed at 1.7047. Intraday bias is back on the upside. Read more…
Daily Pivots: (S1) 0.9519; (P) 0.9576; (R1) 0.9633; More…. EUR/CHF spiked higher to 0.9626 but quickly reversed. Overall, range trading is still in progress and intraday bias remains neutral. On the upside, break of 0.9660 Read more…
The tariffs introduced by Trump yesterday on imports from various countries—20% on the EU, 34% on China, and 46% on Vietnam—have heightened uncertainty in the currency markets. As expected, these measures have contributed to increased Read more…
In focus today In the US, the ISM March Services Index is due for release in the afternoon. Its PMI-counterpart released earlier pointed towards a more positive outlook despite the tariff uncertainty. We will also Read more…
Daily Pivots: (S1) 1.4264; (P) 1.4339; (R1) 1.4380; More… Intraday bias in USD/CAD is back on the downside with breach of 1.4234 support. Deeper fall would be seen to 1.4150 low. Overall, corrective pattern from Read more…
Daily Pivots: (S1) 0.6258; (P) 0.6299; (R1) 0.6341; More… AUD/USD spiked higher to 0.6339 but quickly reversed. Intraday bias stays neutral for the moment. On the downside, break of 0.6218 will target 0.6186 support first. Read more…
Daily Pivots: (S1) 1.0785; (P) 1.0855; (R1) 1.0929; More… EUR/USD’s break of 1.0857 resistance suggests that correction from 1.0953 has already completed at 1.0731. Intraday bias is back on the upside. Decisive break of 1.0953 Read more…