Daily Pivots: (S1) 0.9522; (P) 0.9577; (R1) 0.9675; More… Intraday bias in USD/CHF remains neutral fist. Overall, it’s still in corrective pattern from 1.0063. Below 0.9478 will extend the fall from 0.9868 towards 0.9369 support. Read more…
Daily Pivots: (S1) 142.59; (P) 143.63; (R1) 145.61; More… Intraday bias in USD/JPY remains neutral first. Consolidation from 144.98 could still extend. But downside should be contained by 139.37 resistance turned support. On the upside, Read more…
Daily Pivots: (S1) 0.6667; (P) 0.6792; (R1) 0.6856; More… Intraday bias in AUD/USD remains neutral first. On the downside, firm break of 0.6680 support will resume larger down trend. Next target is 0.6461 long term Read more…
Daily Pivots: (S1) 1.3027; (P) 1.3101; (R1) 1.3249; More… USD/CAD rebounded strongly after dipping to 1.2952, but stays below 1.3207. Intraday bias remains neutral first. On the upside, decisive break of 1.3222 will resume larger Read more…
Dollar surged overnight, partly as traders added bet of another aggressive rate hike by Fed next week, and partly on deep risk aversion. Though, there is no follow through buying in Asia, as the greenback Read more…
USD/JPY: On the H4 chart, price is still respecting the ascending channel. We are still bullish bias- Price is testing at the first resistance 144.918 where the 161.8% extension sits. If bullish momentum continues, it Read more…
US stock tumbled sharply overnight as traders added bets on another aggressive rate hike by Fed on September 21, next Wednesday. The moves came after stronger than expected consumer inflation data. DOW ended down -1276 Read more…
Top Japanese officials toughened up the talks on Yen, as it tumbled notably again overnight following US CPI data. Finance Minister Shunichi Suzuki said Japan wouldn’t rule out any response if current trends in the Read more…
Key Highlights Gold price is struggling to recover above the $1,735 resistance. A key bearish trend line is forming with resistance near $1,725 on the 4-hours chart. EUR/USD and GBP/USD are signaling a fresh bearish Read more…
If the data is stronger than expected, will GBP/USD move higher? It may, but most likely not to the extent that the US Dollar did after the stronger US CPI. Earlier today, the US released Read more…