Daily Pivots: (S1) 1.6110; (P) 1.6150; (R1) 1.6187; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. On the upside, firm break of 1.6293 resistance will suggest that a short term bottom Read more…
Daily Pivots: (S1) 0.9137; (P) 0.9148; (R1) 0.9154; More…. Intraday bias in EUR/CHF remains neutral first. On the downside, break of 0.9136 will confirm resumption of the fall from 0.9264. More importantly, sustained trading blow Read more…
The title of Morgan Stanley’s midyear US economic outlook, published May 12, is four words: “Capex Over Consumption.” It is the bank’s clearest possible signal about what is holding the American economy together heading into Read more…
Daily Pivots: (S1) 0.7201; (P) 0.7232; (R1) 0.7250; More… AUD/USD fall sharply today but stays well above 0.7101 support. Intraday bias remains neutral first, and further rise is in favor. On the upside, firm break Read more…
Daily Pivots: (S1) 1.3697; (P) 1.3717; (R1) 1.3736; More… Intraday bias in USD/CAD remains on the upside. Rebound from 1.3549 is seen as the third leg of the corrective pattern from 1.3480. Further rise would Read more…
Daily Pivots: (S1) 1.1647; (P) 1.1684; (R1) 1.1703; More…. EUR/USD’s fall from 1.1848 resumed by breaking 1.1653 support. Intraday bias is back on the downside. Decisive break of 1.1639 resistance turned support will indicate that Read more…
Daily Pivots: (S1) 0.7813; (P) 0.7826; (R1) 0.7846; More…. USD/CHF’s break of 0.7847 resistance suggests short term bottoming at 0.7760. Intraday bias is back on the upside for 0.7923 resistance. Firm break there will argue Read more…
Daily Pivots: (S1) 157.62; (P) 158.01; (R1) 158.74; More… USD/JPY’s extended rally and break of 157.92 resistance suggests that pullback from 160.71 has already completed at 155.01. Intraday bias is now on the upside for Read more…
Daily Pivots: (S1) 1.3352; (P) 1.3442; (R1) 1.3490; More… GBP/USD’s steep decline today suggests that rebound from 1.3158 has already completed at 1.3657. Intraday bias is back on the downside for retesting 1.3158. Decisive break Read more…
The first trading day of Kevin Warsh’s tenure as Federal Reserve Chair is already being defined by rising Treasury yields, stronger Dollar demand, and market skepticism that the Trump-Xi summit will deliver meaningful relief from Read more…