Daily Pivots: (S1) 0.9254; (P) 0.9281; (R1) 0.9315; More… Intraday bias in USD/CHF remains neutral as range trading is still in progress. Further decline is in favor with 0.9378 resistance intact. On the downside, break of 0.9214 will resume the fall and target 61.8% projection of 1.0146 to 0.9355 from 0.9545 at 0.9056. However, break […]
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The market spent the last week behaving as though a US-Iran deal was only a matter of time. That assumption just took a major hit. Instead of accepting Washington’s 14-point peace framework, Tehran pushed back Read more…
Key Highlights EUR/USD stayed above 1.1675 and might attempt another increase. A bullish trend line is forming with support at 1.1750 on the 4-hour chart. GBP/USD seems to be consolidating gains above 1.3520. Bitcoin remains Read more…
China’s inflation data surprised to the upside in April, with both consumer and producer prices accelerating more than expected. CPI rose from 1.0% yoy to 1.2% yoy, beating forecasts of 0.9% yoy, while PPI surged Read more…