Daily Pivots: (S1) 1.3869; (P) 1.3900; (R1) 1.3917; More… USD/CAD’s fall from 1.3965 extended lower last week and focus is now on 38.2% retracement of 1.3840 to 1.3965 at 1.3780. Decisive break there will argue Read more…
Daily Pivots: (S1) 0.6923; (P) 0.6951; (R1) 0.7004; More… AUD/USD’s strong rally today indicates that corrective fall from 0.7187 has already completed at 0.6832. Intraday bias is back on the upside for retesting 0.7187 high. Read more…
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As widely expected, the RBNZ retained the OCR at 2.25%. There was no vote, with the decision reached by consensus. The commentary was hawkish as concerns of rising second-round inflation pressures were quite prominent. The Read more…
Gold (XAUUSD) reached an all-time high of $5598.75 on January 29 before undergoing a notable correction. This decline unfolded in a 3 Elliott waves zigzag structure, ultimately finding support at $4094.63. We have identified this Read more…
In focus today All focus this morning is on the ceasefire in the Middle East and the impact on energy prices. Markets will closely monitor any information released on expectations for oil and gas flows. Read more…
For more than two decades, PayPal was the default at online checkout. Shoppers saw the button, clicked it, and moved on. Merchants embedded it because customers expected it, and that reflexive habit built a fintech Read more…
Daily Pivots: (S1) 159.39; (P) 159.71; (R1) 159.94; More… USD/JPY is extending the corrective pattern from 160.45 high with another falling leg, and outlook is unchanged. Intraday bias remains neutral, and further rise is expected Read more…
Daily Pivots: (S1) 0.7962; (P) 0.7987; (R1) 0.8002; More…. USD/CHF’s fall from 0.8041 resumed by breaking through 0.7904. Immediate focus is now on 0.7877 cluster support (38.2% retracement of 0.7603 to 0.8041 at 0.7874). Decisive Read more…
Daily Pivots: (S1) 1.3236; (P) 1.3268; (R1) 1.3327; More… GBP/USD’s rebound from 1.3158 accelerated higher today and immediate focus is now on 1.3479 resistance. Decisive break there will argue that fall from 1.3867 has completed Read more…