As the new trading week opens, the forex markets present a scene of relative tranquility during the Asian session. Dollar is attempting a modest recovery from last week’s downturn, yet the impetus for a decisive rally seems absent. In contrast to the upbeat sentiment in Asian equity markets, spurred by Friday’s surge on Wall Street, […]
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Daily Pivots: (S1) 1.1136; (P) 1.1201; (R1) 1.1238; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.1292 resistance will argue that correction from 1.1572 has completed after defending Read more…
Daily Pivots: (S1) 145.68; (P) 146.68; (R1) 147.74; More… Intraday bias in USD/JPY remains neutral at this point. Further rally is expected as long as 144.02 resistance turned support holds. As noted before, fall from Read more…
Daily Pivots: (S1) 1.3225; (P) 1.3292; (R1) 1.3331; More… Intraday bias in GBP/USD is turned neutral first with current retreat. The view is unchanged that correction from 1.3442 might have completed at 1.3138 already. Decisive Read more…