Daily Pivots: (S1) 1.7757; (P) 1.7809; (R1) 1.7863; More… EUR/AUD is extending consolidations above 1.7717 temporary low and intraday bias remains neutral. On the downside, sustained trading below 55 D EMA (now at 1.7703) will Read more…
Daily Pivots: (S1) 0.9292; (P) 0.9302; (R1) 0.9311; More…. Intraday bias in EUR/CHF stays neutral at this point. On the upside, break of 0.9428/45 resistance zone will resume the rebound from 0.9218. On the downside, Read more…
Yesterday, the US Consumer Price Index (CPI) report was released, showing an increase in consumer prices. According to Forex Factory, annual CPI rose from 2.4% to 2.7%, exceeding analysts’ expectations of a 2.6% rise. As Read more…
All major US indices closed lower on Tuesday, 15 July, except for the Nasdaq 100, which rose 0.1% thanks to Nvidia’s continued strength. The S&P 500 hit a fresh intraday all-time high of 6,302 early Read more…
Daily Pivots: (S1) 0.6489; (P) 0.6533; (R1) 0.6557; More… Range trading continues in AUD/USD and intraday bias stays neutral. Further rise is expected as long as 0.6484 support holds. Above 0.6594 will resume the rally Read more…
Daily Pivots: (S1) 1.3687; (P) 1.3708; (R1) 1.3745; More… Intraday bias in USD/CAD stays neutral at this point. Overall, price actions from 1.3538 are seen as a corrective pattern, which is now in its third Read more…
Daily Pivots: (S1) 147.93; (P) 148.47; (R1) 149.40; More… Intraday bias in USD/JPY remains on the upside at this point. Corrective pattern from 148.64 has completed with three waves to 142.66, and rise from 139.87 Read more…
Daily Pivots: (S1) 0.7972; (P) 0.7998; (R1) 0.8043; More…. Intraday bias in USD/CHF remains neutral for the moment. Strong resistance is still expected from 0.8054 to complete the corrective pattern from 0.7871. Below 0.7952 will Read more…
Daily Pivots: (S1) 1.1566; (P) 1.1630; (R1) 1.1666; More… EUR/USD’s break of 1.1630 support argues that rise from 1.1064 has completed at 1.1829. Fall from there is either correcting this rise or the whole rally Read more…
The Bank of England has a new headache to deal with as headline inflation rose to 3.6%, its highest in over a year. The figure came in higher than the 3.4% which was economists expectations Read more…