The Chinese Yuan extends recent decline and hits a new 2-year low today. This comes on the back on broad based strength in Dollar, on expectation that Fed’s interest rate will stay high for long even after the current tighten cycle finishes. On the other hand, Yuan’s weakness is also driven by weaker than expected […]
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Daily Pivots: (S1) 1.6576; (P) 1.6613; (R1) 1.6668; More… EUR/AUD’s breach of 1.6631 resistance suggests that consolidation from 1.6800 has completed at 1.6355 already. Intraday bias is back on the upside for retesting 1.6800 resistance. Read more…
Daily Pivots: (S1) 0.9367; (P) 0.9384; (R1) 0.9397; More…. No change in EUR/CHF’s outlook as range trading continues inside 0.9359/9516. Intraday bias remains neutral. On the downside, firm break of 0.9359 will revive the case Read more…
Daily Pivots: (S1) 1.4297; (P) 1.4333; (R1) 1.4372; More… Intraday bias in USD/CAD remains neutral, with focus on 1.4378 resistance. Firm break there will suggest that the correction from 1.4791 has completed, and turn bias Read more…