Daily Pivots: (S1) 0.8641; (P) 0.8669; (R1) 0.8695; More… EUR/GBP retreated after hitting 0.8695 and intraday bias is turned neutral first. Risk is mildly on the upside as long as 0.8618 support holds. Above 0.8695 Read more…
Daily Pivots: (S1) 1.6169; (P) 1.6231; (R1) 1.6262; More… Intraday bias in EUR/AUD remains neutral for the moment, and further fall is expected with 1.6371 resistance intact. On the downside, decisive break of 1.6125 will Read more…
Daily Pivots: (S1) 0.9151; (P) 0.9162; (R1) 0.9173; More…. Intraday bias in EUR/CHF remains neutral at this point. On the upside, break of 0.9177 minor resistance will turn bias back to the upside for 0.9264 Read more…
Daily Pivots: (S1) 1.1709; (P) 1.1748; (R1) 1.1775; More…. Range trading continues in EUR/USD and intraday bias stays neutral. Further rise is expected with 1.1642 support intact. On the upside, firm break of 1.1848 will Read more…
Daily Pivots: (S1) 156.96; (P) 157.36; (R1) 157.99; More… Intraday bias in USD/JPY stays neutral at this point. On the downside, below 156.41 minor support will bring retest of 155.01. Firm break there will resume Read more…
Daily Pivots: (S1) 0.7770; (P) 0.7796; (R1) 0.7827; More…. USD/CHF is staying in range trading and intraday bias remains neutral for the moment. With 0.7847 resistance intact, further decline is expected. On the downside, decisive Read more…
Daily Pivots: (S1) 0.7214; (P) 0.7232; (R1) 0.7257; More… Intraday bias in AUD/USD remains neutral as consolidations continue below 0.7277. With 0.7101 support intact, further rally is expected. On the upside, above 0.7277 will resume Read more…
In focus today In the US, April PPI data is due for release. Yesterday’s CPI print showed sticky monthly services and super-core inflation, reinforcing concerns around persistent underlying price pressures. Markets will watch whether PPI Read more…
Daily Pivots: (S1) 1.3667; (P) 1.3695; (R1) 1.3722; More… USD/CAD’s breach of 1.3709 resistance indicates short term bottoming at 1.3549, on bullish convergence condition in 4H MACD. Rise from there is seen as the third Read more…
Markets are staying in a cautious holding pattern as investors awaited the highly anticipated Trump-Xi summit later this week, increasingly viewing the Beijing meeting as the decisive geopolitical checkpoint for both the Strait of Hormuz Read more…