Daily Pivots: (S1) 0.9736; (P) 0.9755; (R1) 0.9779; More… Further rally is still expected in EUR/CHF. Sustained trading above 55 D EMA (now at 0.9778) will add to case that whole correction from 1.0095 has Read more…
USD/JPY bounces back The US dollar bounced after the Fed signalled another 50 bp hike by year-end despite a pause. The pair has consolidated its gains along the 20-day SMA (139.00) after rising above the Read more…
The steep decline in Japanese Yen in Asian session trigger verbal intervention by a top government official. Chief Cabinet Secretary Hirokazu Matsuno said at a press conference, “It is important for foreign exchange markets to Read more…
China’s industrial production growth for May came in at 3.5% yoy, aligning with market expectations. However, a discrepancy was observed in growth rates of private and state-owned businesses. Industrial output from private businesses only managed Read more…
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