Daily Pivots: (S1) 1.3779; (P) 1.3812; (R1) 1.3836; More… Intraday bias in USD/CAD is turned neutral again with current retreat. On the upside, firm break of 13.923 resistance will resume whole corrective rebound from 1.3538. Read more…
Daily Pivots: (S1) 0.6559; (P) 0.6579; (R1) 0.6612; More… Intraday bias in AUD/USD remains on the upside for retesting 0.6624 high. Firm break there will resume larger rally from 0.5913 to 0.6713 fibonacci level. On Read more…
Daily Pivots: (S1) 147.05; (P) 147.82; (R1) 148.29; More… Range trading continues in USD/JPY and intraday bias stays neutral. On the downside, break of 146.65 will suggest that fall from 150.90 is resuming. More importantly, Read more…
Daily Pivots: (S1) 0.7908; (P) 0.7952; (R1) 0.7976; More…. USD/CHF’s decline is in progress and intraday bias stays on the downside for retesting 0.7871 low. Firm break there will resume larger down trend. Next target Read more…
Daily Pivots: (S1) 1.3499; (P) 1.3528; (R1) 1.3574; More… Intraday bias in GBP/USD remains on the upside at this point. Firm break of 1.3594 resistance will resume the rally from 1.3140 and target a retest Read more…
Last night, as widely expected, the French government collapsed after losing a confidence vote. The lower house’s unusual coalition of far-left and far-right deputies rejected the government’s plan to rein in France’s ballooning budget deficit. Read more…
In focus today In the US, the Bureau of Labor Statistics will publish its preliminary estimate of the annual benchmark revisions for Nonfarm Payrolls at 16CET. The revision affects data from April 2024 to March Read more…
Daily Pivots: (S1) 1.1723; (P) 1.1745; (R1) 1.1785; More… EUR/USD’s rally continues today and intraday bias stays on the upside for retesting 1.1829. Firm break there will resume larger up trend to 1.1916 projection level. Read more…
Dollar weakened broadly overnight and selling pressure persisted in Asia on Tuesday, with the greenback on the verge of breaking recent lows against Euro, Swiss Franc, and Aussie. The decline comes amid falling U.S. Treasury Read more…
The benchmark U.S. 10-year yield extended its recent slide on Monday, dropping to a five-month low. At the same time, Gold surged to another record high, reflecting strong demand for safety and conviction that inflation Read more…