Daily Pivots: (S1) 1.3684; (P) 1.3719; (R1) 1.3754; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.3770 temporary top. Downside of retreat should be contained above 1.3369 support to bring another rally. Above Read more…
Daily Pivots: (S1) 0.7959; (P) 0.7988; (R1) 0.8019; More…. Intraday bias in USD/CHF remains on the downside at this point. Current down trend should target 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757 Read more…
Daily Pivots: (S1) 0.6506; (P) 0.6534; (R1) 0.6559; More… Intraday bias in AUD/USD remains neutral for the moment, and some more consolidations would be seen below 0.6563 temporary top. Near term outlook will stay bullish Read more…
Markets US yields looked for and found a bottom after a two-week slide in which the front end outperformed. Net daily changes on Friday amounted to 2.9-4.5 bps across the curve. European rates added up Read more…
Last week saw investors put more risk on the table as Middle East tensions de-escalated following a fragile but so far holding US-brokered peace between Israel and Iran. There was also progress on the trade Read more…
Daily Pivots: (S1) 1.3619; (P) 1.3689; (R1) 1.3750; More… USD/CAD dips mildly today but stays in range of 1.3616/3797. Intraday bias remains neutral at this point. On the upside, break of 1.3797 will resume the Read more…
The forex market opened the week with low volatility and mixed Asian equities, but politically driven developments are keeping some G10 currencies in motion. Dollar is the weakest performer so far, with the Canadian Dollar Read more…
It’s doesn’t happen all that often, but July 4 falls on Friday. Since it is a national holiday, most Americans will have the day off. The last time July 4 fell on a Friday was Read more…
Key Highlights EUR/USD extended gains above the 1.1650 resistance. The pair is now consolidating below the 1.1750 resistance on the 4-hour chart. GBP/USD rallied above the 1.3650 and 1.3720 levels. USD/JPY might find bids near Read more…
China’s official NBS PMI Manufacturing rose slightly to 49.7 in June, up from 49.5 and matching expectations. While still in contraction for a third straight month, the improvement in production (51.0) and new orders (50.2) Read more…