The USDJPY rose to six-week high on Monday after markets digested comments from Fed Chair Powell last Friday and hawkish stance that the central bank kept, sent stocks lower and further lifted the dollar. Strong Fed’s hawkish stance that signals prolonged period of higher borrowing cost but also widens the divergence between the US and […]
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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…