Daily Pivots: (S1) 0.6863; (P) 0.6919; (R1) 0.6968; More… Intraday bias in AUD/USD remains neutral for the moment. On the upside, break of 0.7045 will resume the rebound from 0.6680 to 0.7282 key resistance next. Read more…
Daily Pivots: (S1) 1.0130; (P) 1.0191; (R1) 1.0240; More… Range trading continues in EUR/USD and intraday bias stays neutral. On the downside, break of 1.0095 minor support will argue that larger down trend is ready Read more…
Daily Pivots: (S1) 1.1993; (P) 1.2081; (R1) 1.2158; More… Intraday bias in GBP/USD remains on the downside for the moment. Rebound from 1.1759 should have completed after hitting 55 day EMA. Deeper fall would be Read more…
Daily Pivots: (S1) 133.21; (P) 134.36; (R1) 136.18; More… Intraday bias in USD/JPY remains mildly on the upside, as rebound from 130.38 is in progress. Further rally would be seen to retest 139.37 high. Strong Read more…
The US economy added 528’000 new nonfarm jobs in July, significantly higher than 250’000 expected by analysts. Last month’s data was revised up to 400’000. The unemployment rate fell to 3.5%, the lowest level since Read more…
Market movers today A quiet start to the week in terms of data releases. The Euro Area Sentix Index will be released for August and markets are looking for indications that the weakness in July’s Read more…
USD/JPY: On the H4, price is bullish biased as it’s testing the first resistance at 135.599 which coincides with the 61.8% Fibonacci retracement and the previous swing low. If price breaks this level, it will Read more…
Daily Pivots: (S1) 0.9553; (P) 0.9602; (R1) 0.9665; More… Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.9650, and sustained trading above 55 day EMA (now at 0.9647) will Read more…
Yen stays generally soft in relatively quiet markets in Asia. But Dollar also softens slightly. On the other hand, Australian Dollar is firmer up on steady market sentiment, as followed by Swiss Franc and Euro. Read more…
According to the latest RBNZ Survey of Expectations, the one-year-out inflation was relatively unchanged at 4.86% in Q3, down from Q2’s 4.88%. Expectations were still much higher than Q1’s 4.4% and Q4’s 3.7%. However, two-year-out Read more…