Daily Pivots: (S1) 1.3759; (P) 1.3809; (R1) 1.3847; More… USD/CAD’s breach of 1.3780 suggests that fall from 1.4791 is resuming. Intraday bias is back on the downside for 1.3727 fibonacci level next. On the upside, Read more…
Daily Pivots: (S1) 0.6366; (P) 0.6392; (R1) 0.6428; More… Range trading continues in AUD/USD and intraday bias stays neutral. On the upside, above 0.6448 will resume the rebound from 0.5913 to 61.8% retracement of 0.6941 Read more…
Daily Pivots: (S1) 1.1298; (P) 1.1349; (R1) 1.1381; More… EUR/USD’s fall from 1.1572 resumed by breaking through 1.1306 support. Intraday bias is back on the downside for 100% projection of 1.1572 to 1.1306 from 1.1424 Read more…
Daily Pivots: (S1) 1.3288; (P) 1.3352; (R1) 1.3394; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, firm break of 1.3232 support will indicate short term topping and rejection by 1.3433 Read more…
Daily Pivots: (S1) 0.8228; (P) 0.8251; (R1) 0.8287; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, above 0.8333 will resume the rebound from 0.8038 short term bottom. But upside should Read more…
Daily Pivots: (S1) 142.42; (P) 142.81; (R1) 143.45; More… USD/JPY’s rebound from 139.87 short term bottom resumed by breaking through 144.02 today. Intraday bias is back on the upside for 100% projection of 139.87 to Read more…
Yen weakened broadly today following the BoJ’s decision to leave interest rates unchanged, while significantly downgrading its growth projections for the current fiscal year. Inflation outlook was also softened, with risks of undershooting the 2% Read more…
BoJ kept its benchmark interest rate unchanged at 0.50% today, by unanimous vote, in line with expectations. However, it struck a cautious tone on the economic outlook by sharply cutting its growth forecasts. The central Read more…
Japan’s manufacturing sector remained in contractionary territory in April, with the final PMI reading at 48.7, up slightly from March’s 48.4. While the deterioration in business conditions marked the tenth consecutive month of decline, it Read more…
BoC’s summary of deliberations from its April meeting revealed a divided Governing Council, as members weighed the case for another rate cut against the need for more clarity. While some policymakers pushed for an immediate Read more…