The recent price actions of Gold (XAU/USD) have started to trade firmer since last Friday, 22 August, with a gain of 1%, on increased hopes that the US Federal Reserve is likely to enact its Read more…
Powell’s speech on Friday had a distinctly dovish tone. Expectations of an interest rate cut strengthened, which led to a sharp weakening of the dollar — on the EUR/USD chart, a bullish impulse A→B was Read more…
The USD/JPY pair declined on Tuesday, touching 147.70. The move marks a partial recovery for the yen, enabling it to recoup some of its recent losses. Selling pressure on the US Dollar intensified after US Read more…
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Daily Pivots: (S1) 198.40; (P) 198.85; (R1) 199.22; More… Outlook in GBP/JPY is unchanged as range trading continues, and intraday bias remains neutral. While another fall cannot be ruled out, near term outlook will stay Read more…
Daily Pivots: (S1) 171.26; (P) 171.96; (R1) 172.35; More… Intraday bias in EUR/JPY stays neutral as range trading continues. Overall price actions from 173.87 are seen as a corrective pattern. On the downside, below 170.94 Read more…
Daily Pivots: (S1) 0.8619; (P) 0.8647; (R1) 0.8666; More… EUR/GBP’s break of 0.8630 dampened the original bullish view and turn intraday bias neutral. On the downside, sustained trading below 38.2% retracement of 0.8354 to 0.8752 Read more…
Daily Pivots: (S1) 1.7866; (P) 1.7968; (R1) 1.8028; More… EUR/AUD’s fall from 1.8155 extended lower and the break of 1.79042 support turns intraday bias to the downside. Deeper fall would be seen back to 1.7671 Read more…
Daily Pivots: (S1) 0.9350; (P) 0.9377; (R1) 0.9392; More…. Intraday bias in EUR/CHF is mildly on the downside with breach of 0.9359 temporary low. Sustained trading below 55 D EMA (now at 0.9366) will argue Read more…