USD/CAD’s break of 1.4005 minor support dampened the original bullish view, and suggests that recovery from 1.4002 has completed at 1.4127. Correction from 1.4247 is extending with another falling leg. But even so, downside should Read more…
GBP/JPY is still bounded in consolidations below 219.56 and intraday bias remains neutral. Downside should be contained by 216.39 support to bring another rally. On the upside, firm break of 219.56 will extend larger up Read more…
EUR/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Strong resistance is still expected from 187.93 high to bring near term reversal. On the downside, below 186.15 support will turn Read more…
EUR/GBP’s rebound from 0.8453 is still in progress. Intraday bias remains on the upside for 55 D EMA (now at 0.8586). Strong resistance should be seen from 0.8610 to limit upside. On the downside, below Read more…
Switzerland’s KOF Economic Barometer rose to 103.5 in July from 102.1 in June, comfortably beating expectations of 100.7 and reinforcing signs that the economy is regaining momentum. The latest reading extends June’s move back above Read more…
EUR/AUD’s solid break of 1.6419 resistance suggests that pullback from 1.6617 has completed as a correction at 1.6250. More importantly, rise from 1.6108 is still in progress and might be ready to resume. Intraday bias Read more…
No change in EUR/CHF’s outlook as the rally from 0.8979 continues. Intraday bias stays on the upside for 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379. On the downside, below 0.9308 minor support Read more…
Markets Yesterday, the Fed decided on monetary policy for the second time under chair Warsh. As this Fed chair abstained from giving direct forward guidance on upcoming Fed policy steps, markets went into the decision Read more…
The pound strengthened following the outcome of the US Federal Reserve meeting, where the central bank, as expected, kept interest rates unchanged. However, the Fed did not provide the market with clear signals of an Read more…
Most financial wins do not announce themselves. They show up as a slightly bigger deposit, a number you glance at once and then forget, and by the following month, the money has already been absorbed Read more…