Daily Pivots: (S1) 0.6630; (P) 0.6650; (R1) 0.6668; More… Intraday bias in AUD/USD stays on the upside at this point. Current rally from 0.5913 should target 0.6713 fibonacci level. Firm break there will carry larger Read more…
Daily Pivots: (S1) 146.75; (P) 147.47; (R1) 147.94; More… Intraday bias in USD/JPY stays neutral for the moment and more consolidations would be seen first. Further fall is in favor as long as 149.12 resistance Read more…
Daily Pivots: (S1) 0.7948; (P) 0.7967; (R1) 0.7983; More…. Intraday bias in USD/CHF remains neutral and more consolidations could be seen above 0.7914 temporary low. But further fall is expected as long as 0.8071 resistance Read more…
Daily Pivots: (S1) 1.3530; (P) 1.3556; (R1) 1.3587; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen below 1.3590. Further rally is expected as long as 1.3332 support holds. Firm break Read more…
The week kicks off on a slightly positive note after last week’s softer-than-expected US inflation data paved the way for a rate cut on Wednesday. Combined with signs of a rapidly deteriorating US jobs market, Read more…
In focus this week Multiple central bank rate decisions are on the agenda, with notably the FOMC meeting and Bank of Canada (BoC) on Wednesday, the Bank of England (BoE) and Norges Bank (NB) on Read more…
The Federal Reserve, in all probability, will cut its key interest rate on Wednesday. The decision leaves two questions: How big will the rate cut be?How many more cuts are ahead? 💵💰Don’t miss the move: Read more…
Daily Pivots: (S1) 1.1709; (P) 1.1728; (R1) 1.1756; More… Range trading continues in EUR/USD and intraday bias remains neutral. With 1.1607 support intact, further rise is expected. On the upside, above 1.1779 will target a Read more…
Forex markets were subdued in Asian session today, with major pairs showing little movement while regional equities held steady. The muted tone comes despite a disappointing run of Chinese economic data, which showed broad weakness Read more…
Key Highlights EUR/USD remained in a positive zone and traded above 1.1700. A key bullish trend line is forming with support at 1.1705 on the 4-hour chart. Bitcoin gained bullish momentum and climbed above $116,000. Read more…