Daily Pivots: (S1) 0.6620; (P) 0.6675; (R1) 0.6708; More… Range trading continues in AUD/USD and intraday bias stays neutral at this point. Further rise is expected as long as 0.6521 resistance turned support holds. On Read more…
Risk sentiment improved slightly earlier in Asian session on rumors that China is going to exit its zero-Covid policy earlier. Yet the announcement of the National Health Commission on speeding up vaccination for the elderly Read more…
Daily Pivots: (S1) 165.22; (P) 166.76; (R1) 167.66; More… Break of 166.08 minor support suggests that GBP/JPY’s rebound from 163.02 has completed at 168.99, ahead of 169.07 resistance. Intraday bias is back on the downside Read more…
Daily Pivots: (S1) 142.79; (P) 143.90; (R1) 144.75; More…. No change in EUR/JPY’s outlook and intraday bias stays neutral. Break of 142.52 support will extend the decline from 148.38, to 61.8% retracement of 133.38 to Read more…
Daily Pivots: (S1) 0.8597; (P) 0.8637; (R1) 0.8686; More… EUR/GBP recovered after hitting 0.8570 support and intraday bias is back on the upside for stronger recovery. But overall outlook will remain bearish as long as Read more…
Daily Pivots: (S1) 1.5430; (P) 1.5538; (R1) 1.5654; More… EUR/AUD spiked higher to 1.5643, but failed to break through 1.5647 resistance and retreated. Intraday bias remains neutral first, and overall outlook is unchanged. In case Read more…
Daily Pivots: (S1) 0.9772; (P) 0.9832; (R1) 0.9872; More…. EUR/CHF is still extending the corrective pattern from 0.9953 and intraday bias stays neutral. On the upside, firm break of 0.9953 resistance will resume larger rally Read more…
The week started with a selloff across global equities. Unrest in China due to protests against the Covid zero policy combined with the Federal Reserve (Fed) members’ hawkish comments led to an early week selloff Read more…
Asian Indices: Australia’s ASX 200 index rose by 15.8 points (0.22%) and currently trades at 7,244.90 Japan’s Nikkei 225 index has fallen by -155.3 points (-0.55%) and currently trades at 28,007.53 Hong Kong’s Hang Seng Read more…
Market movers today The Chinese National Health Commission will host a briefing at 3pm Beijing time (08:00 am CET). However, they regularly hold briefings and they do not include senior political officials, which would be expected if Read more…