Daily Pivots: (S1) 1.3322; (P) 1.3366; (R1) 1.3430; More…. Intraday bias in USD/CAD remains neutral for the moment. On the upside, firm break of 1.3494 will indicate that correction from 1.3976 has completed at 1.3224, Read more…
Commitment of traders – as of Tuesday 15th November 2022: Traders were net-short USD for the first time since July 2021, according to IMM (International Monetary Market) Net-long exposure to DXY futures was at its Read more…
Stocks in Asia fell this Monday on news that China reported its first death in six months from Covid on Sunday, and two other deaths followed. The news obviously spurred fear that the government could Read more…
Market movers today A quiet start to another week where central banks remain on the spotlight. German October Producer Price Index will be released today, and in the evening Fed’s Daly will be on the Read more…
In a shocking move, Disney’s former CEO has returned to the Mouse House to reclaim the top job for two years. Despite recently agreeing to a three-year contract extension — a move that was seen Read more…
Daily Pivots: (S1) 0.6650; (P) 0.6690; (R1) 0.6719; More… Intraday bias in AUD/USD stays neutral at this point. Further rally is expected as long as 0.6521 resistance turned support holds. On the upside, break of Read more…
Dollar opened the week broadly higher, following last week’s late recovery. Swiss Franc also picks up some buying, especially against Euro and Sterling. Commodity currencies are mixed for now, with Canadian Dollar having an upper Read more…
Both Bitcoin is some selling pressure and looks heading back to this month’s low. Negative news for cryptocurrencies are neverending, with reports that giant Digital Currency Group could be in trouble after its crypto lender Read more…
Atlanta Fed President Raphael Bostic said on Saturday, “If the economy proceeds as I expect, I believe that 75 to 100 basis points of additional tightening will be warranted… It’s clear that more is needed, Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…