Bears are taking a brief breather on Tuesday, facing a headwinds from new two-year low (1.0757, posted on Apr 14) but remain fully in play and threatening of further losses. Narrow consolidation is likely to precede push through 1.0757 and 1.0727 (Apr 2020 low) towards key longer-term support at 1.0635 (2020 low). Dovish stance that […]
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Daily Pivots: (S1) 1.3298; (P) 1.3332; (R1) 1.3390; More… GBP/USD retreated sharply after hitting 55 4H EMA, but stays above 1.3216 temporary low. Intraday bias remains neutral and some more consolidations could still be seen. Read more…
Daily Pivots: (S1) 0.7853; (P) 0.7888; (R1) 0.7913; More…. USD/CHF recovers today but stays below 0.7921 temporary top. Intraday bias remains neutral and more consolidations could still be seen. Further rally is still expected as Read more…
Gold (XAU/USD) is down 3.3%, breaking the key $5,000 psychological support level ahead of the FOMC The market anticipates a “hawkish hold” from the Fed, potentially delaying rate cuts to 2027, which remains a key Read more…