Daily Pivots: (S1) 1.3882; (P) 1.3897; (R1) 1.3926; More… USD/CAD’s rally continues today and intraday bias remains on the upside. Corrective rebound from 1.3538 should now target 1.4014 cluster resistance (38.2% retracement of 1.4791 to Read more…
Daily Pivots: (S1) 0.6412; (P) 0.6424; (R1) 0.6434; More… Intraday bias in AUD/USD remains on the downside at this point. Firm break of 0.6418 support will resume the whole corrective fall form 0.6624. Next target Read more…
Daily Pivots: (S1) 1.3384; (P) 1.3434; (R1) 1.3462; More… GBP/USD’s breach of 1.3398 support suggests that rebound from 1.3140 might have completed at 1.3594 already. Intraday bias is back on the downside, for 61.8% retracement Read more…
Daily Pivots: (S1) 0.8050; (P) 0.8071; (R1) 0.8109; More…. USD/CHF is still kept in range despite today’s rebound. Intraday bias stays neutral. On the upside, firm break of 0.8131 resistance will argue that consolidation from Read more…
Markets With markets counting down to Jackson Hole, US data yesterday didn’t provide much need for Fed Chair Powell to commit to any aggressive further policy easing already at this stage. US jobless claims and Read more…
Selling pressure across most major US and European indices continued yesterday. Tensions between Russia and Ukraine persist with mutual attacks, while hawkish risks to the market’s recent dovish Federal Reserve (Fed) narrative persist. Weekly jobless Read more…
In focus today The Fed’s Jackson Hole Symposium continues today and tomorrow. Today’s highlight will be Fed Chair Powell’s speech. Last year, Powell provided strong guidance that rate cuts were set to begin soon. This Read more…
Daily Pivots: (S1) 147.62; (P) 148.01; (R1) 148.78; More… USD/JPY’s break of 148.51 resistance suggests that correction from 150.90 has already completed at 146.20. Larger rebound from 139.87 should still be in progress. Intraday bias Read more…
Dollar is charging broadly higher as traders turn their focus to Fed Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium later today. Scheduled for 1400GMT, the speech is seen as the key event Read more…
Crude oil (CL) exhibits a bearish trend following its June 23, 2025, peak, signaling further declines. The ongoing descent forms a zigzag Elliott Wave pattern. From the June high, wave A dropped to $64, while Read more…