The Brent crude rally is a bigger ‘bearish’ factor for EURUSD than the ECB. The Fed may spring a surprise as early as July. The US dollar paid no heed to the ECB’s hawkish rhetoric Read more…
USD/JPY soared to 163.81 on Friday, marking a new 40-year high. Repeated warnings of possible currency intervention have so far failed to halt the yen’s decline amid a broad strengthening of the US dollar. The Read more…
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Market Overview Cryptocurrencies have been affected by jitters in traditional financial markets, losing 0.8% of their market capitalisation over the past 24 hours to $2.23T, dipping to a low of $2.21T at the start of Read more…
EUR/USD is still bounded in consolidations above 1.1323 and intraday bias stays neutral. With 1.1499 support turned resistance intact, further decline is expected. On the downside, break of 1.1323 will resume the fall from 1.2081 Read more…
USD/JPY’s rally is still in progress and there is not sign of topping. Intraday bias remains on the upside. Next target is 138.2% projection of 152.25 to 160.71 from 155.01 at 166.07. On the downside, Read more…
UK private-sector activity returned to expansion in July, with the Flash Composite PMI rising to 52.1 from 49.3, its highest level in three months. Both manufacturing and services improved, marking the first expansion in overall Read more…
GBP/USD’s break of 1.3339 support argues that rebound from 1.3139 has already completed at 1.3557 already. The corrective pattern from 1.3867 is extending with another falling leg. Intraday bias is back on the downside for Read more…
Intraday bias in USD/CHF remains on the upside for 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198. Decisive break there will extend the rally from 0.7603 to 161.8% projection at 0.8469. On the downside, Read more…