Daily Pivots: (S1) 146.37; (P) 146.80; (R1) 147.40; More… Intraday bias in USD/JPY stays on the upside as rebound from 139.57 short term bottom is in progress for 38.2% retracement of 161.94 to 139.57 at 148.11. Decisive break there will argue that whole fall from 161.95 has completed ahead of 139.26 fibonacci level. Further rally […]
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The EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. The drop reflects market anticipation that the European Central Bank (ECB) will continue to ease monetary policy aggressively, spurred by sluggish Read more…
In a speech today, Bank of England Chief Economist Huw Pill urged “caution in” reducing monetary policy restrictions, emphasizing the need for a “gradual” approach to rate cuts. Pill highlighted that his “modal outlook” aligns Read more…
AUDUSD may find support at 0.6800 Stochastic and RSI suggest more declines AUDUSD has found strong resistance at the 20-month high of 0.6940 and is retreating towards the immediate 20-day simple moving average at 0.6800. Read more…