Markets The Fed as expected lifted policy rates by 75 bps to what is now considered a neutral 2.25/2.50%. Chair Powell made clear that more tightening is appropriate as inflation remains high and the labour Read more…
Daily Pivots: (S1) 1.2785; (P) 1.2848; (R1) 1.2889; More… USD/CAD’s fall from 1.3222 is resuming and intraday bias is back on the downside. Sustained break of 1.2818 support will bring deeper fall back to 1.2516 Read more…
Daily Pivots: (S1) 0.6934; (P) 0.6974; (R1) 0.7034; More… AUD/USD’s rise from 0.6680 resumed after brief retreat and intraday bias remains on the upside. Sustained trading above 55 day EMA (now at 0.6965) will pave Read more…
Daily Pivots: (S1) 1.0124; (P) 1.0173; (R1) 1.0248; More… Intraday bias in EUR/USD stays neutral first. On the upside, above 1.0277 minor resistance will target 1.0348 resistance first. Break there will target channel resistance at Read more…
Daily Pivots: (S1) 1.2057; (P) 1.2121; (R1) 1.2222; More… GBP/USD’s rise resumed 1.1759 short term bottom resumed after brief retreat. Intraday bias is back on the upside for 1.2405 resistance. Firm break there will target Read more…
Daily Pivots: (S1) 0.9567; (P) 0.9613; (R1) 0.9642; More… Intraday bias in USD/CHF stays on the downside at this point. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Deeper Read more…
Daily Pivots: (S1) 136.15; (P) 136.80; (R1) 137.28; More… USD/JPY’s fall from 139.37 extends lower today and focus is now on 134.73 support. Considering bearish divergence condition in daily MACD, sustained break of 134.73 will Read more…
Dollar was sold off broadly overnight and stays weak in Asian session. Markets well received Fed Chair Jerome Powell’s message that tightening pace is going to slow ahead. While stocks also rebounded, Yen reacted more Read more…
DXY: On the H4, with prices breaking out of the descending channel and expected to bounce off the stochastic support, we have a bullish bias that prices will drop and rise from the 1st support Read more…
Short Term Elliott Wave view in SP500 (SPX) suggest that rally from 6.17.2022 low is unfolding as a zig zag Elliott Wave structure. Up from 6.17.2022 low, wave 1 ended at 3925.73 and dips in Read more…