USD/CHF’s extended decline argues that rebound from 0.7603 has completed with three waves up to 0.8205. Intraday bias is back on the downside for rising channel support (now at 0.7921). Sustained break there will solidify Read more…
Intraday bias in AUD/USD remains neutral and more consolidations would be seen first. Further rally is expected as long as 0.7026 resistance turned support holds. Above 0.7128 will extend the rise from 0.6864 to 161.8% Read more…
USD/CAD’s fall from 1.4247 resumed after brief consolidations. Intraday bias is back on the downside for 61.8% retracement of 1.3480 to 1.4247 at 1.3773. Sustained break there will pave the way back to retest 1.3480 Read more…
Intraday bias in GBP/JPY is turned neutral first with current retreat. Some consolidations could be seen below 216.20 first. Further rise is in favor as long as 213.28 support holds. Break of 216.20 will target Read more…
EUR/JPY’s rally from 179.34 continues after brief retreat. Intraday bias stays on the upside for 187.42 resistance first. Firm break there will bring retest of 187.93 high. On the downside, below 183.90 minor support will Read more…
Intraday bias in EUR/GBP remains neutral first. Break of 0.8585 will extend the rebound from 0.8453. But still, strong resistance is expected from 0.8610 to cap upside. On the downside, break of 0.8530 support will Read more…
Intraday bias in EUR/AUD stays on the upside for 1.6503 resistance. Firm break there will target 1.6617. 1.6617. On the downside, below 1.6250 will target a retest on 1.6108 low. Overall, corrective pattern from 1.6108 Read more…
Markets The (very) long end of the US yield curve rallied yesterday with the curve bull flattening. Daily changes ranged from -0.8 bps (2-yr) to -9.2 bps (30-yr). The US Treasury’s unexpected decision to increase Read more…
EUR/CHF’s steep decline suggests short term topping at 0.9408. Intraday bias is mildly on the downside for deeper pullback to 55 D EMA (now at 0.9281). But downside should be contained by 38.2% retracement of Read more…
Capital One Financial has spent more than a year integrating Discover while investors watch whether the massive acquisition can translate into faster growth and stronger returns. The latest monthly data gave Wall Street a mixed Read more…