Offshore Chinese Yuan hit a new record low against Dollar today, recent depreciation continued. That’s second straight session of decline after President Xi Jinping secured a tradition-breaking third consecutive leadership term on Sunday, unveiled a new cabinet stacked with his loyalists. In response to the decline in exchange rate, PBOC raises the cross-border macro prudential […]
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Daily Pivots: (S1) 1.1664; (P) 1.1707; (R1) 1.1732; More…. Range trading continues in EUR/USD and intraday bias stays neutral. Rise from 1.1408 is expected to continue as long as 1.1642 support holds. Firm break of Read more…
Daily Pivots: (S1) 1.3542; (P) 1.3601; (R1) 1.3634; More… Intraday bias in GBP/USD stays neutral as consolidations continue. Further rise is still expected as long as 1.3453 holds. Above 1.3657 will target 61.8% projection of Read more…
Daily Pivots: (S1) 0.7808; (P) 0.7829; (R1) 0.7861; More…. USD/CHF is staying in consolidations above 0.7778 and intraday bias remains neutral. Risk will remain on the downside as long as 0.7923 resistance holds. Firm break Read more…