Markets finished last week in volatile fashion after a drop on USDJPY on speculation of BOJ intervention, which also had an impact on other markets. This JPY volatility has resumed today with another back and Read more…
The Dax 40 bounces back as traders take profits ahead of another rate hike by the ECB. Sentiment has improved a bit after the bulls managed to push past 12670, prompting the opposite side to Read more…
The yen surged after Japan intervened for the second time in a month. A fall below 146.70 forced some buyers to bail out but has barely dented the bullish bias. The overall rally had accelerated Read more…
The US dollar softened after Treasury Secretary Yellen said inflation was not entrenched. After receding from the previous high at 1.1500, the pound found support at the base (1.1100) of the current rebound. This is Read more…
Gold price started a decent increase from the $1,620 zone against the US Dollar. The price gained strength and was able to clear the $1,640 resistance zone. The pair even climbed above the $1,650 level Read more…
Daily Pivots: (S1) 164.65; (P) 167.12; (R1) 169.25; More… Intraday bias in GBP/JPY remains neutral for the moment. Some consolidations could be seen but downside should be contained above 159.71 support to bring another rally. Read more…
Daily Pivots: (S1) 143.73; (P) 146.06; (R1) 148.00; More…. Intraday bias in EUR/JPY remains neutral for consolidation below 148.38 short term top. Downside of retreat should be contained by 140.88/144.06 support zone to bring another Read more…
Daily Pivots: (S1) 0.8699; (P) 0.8740; (R1) 0.8775; More… Intraday bias in EUR/GBP stays neutral and further decline is expected as long as 0.8869 resistance holds. Break of 0.8577 will resume the fall from 0.9267, Read more…
Daily Pivots: (S1) 1.5377; (P) 1.5512; (R1) 1.5595; More… Intraday bias in EUR/AUD remains neutral for consolidation below 1.5685. In case of another retreat, downside should be contained by 1.5165 support to bring another rally. Read more…
Daily Pivots: (S1) 0.9809; (P) 0.9847; (R1) 0.9880; More…. EUR/CHF continues to lose upside momentum. But further rally is expected with 0.8720 support intact. On the upside, firm break of 61.8% projection of 0.9407 to Read more…