The euro has edged higher on Wednesday, after sliding over 1% yesterday. In the North American session, EUR/USD is trading at 1.0147, up 0.29% on the day. All eyes on Federal Reserve The markets are Read more…
Daily Pivots: (S1) 136.48; (P) 136.73; (R1) 137.17; More… Intraday bias in USD/JPY remains neutral as range trading is still extending. On the downside, firm break of 134.73 will confirm short term topping, on bearish Read more…
Daily Pivots: (S1) 0.9609; (P) 0.9638; (R1) 0.9661; More… Despite some loss of downside momentum, further decline is in favor in USD/CHF with 0.9738 resistance intact. Fall from 0.9884 is seen as a falling leg Read more…
Daily Pivots: (S1) 1.0067; (P) 1.0159; (R1) 1.0209; More… Intraday bias in EUR/USD remains neutral for the moment. On the downside, firm break of 1.0118 will suggest that rebound from 0.9951 has completed. Bias will Read more…
Daily Pivots: (S1) 1.1965; (P) 1.2027; (R1) 1.2091; More… Intraday bias in GBP/USD remains neutral at this point. With 1.1888 minor support intact, further rise is mildly in favor. Above 1.2089 will target 55 day Read more…
The currency markets continue to be relatively steady today, as traders are holding their bets ahead of Fed’s expected 75bps rate hike. Euro is recovering slightly but remains the worst performer for the week, followed Read more…
We are seeing some mild dollar selling ahead of FOMC, which is boosting the appeal of precious metals, yen and franc The FOMC day finally arrives, and we are seeing some mild dollar selling ahead Read more…
US exports of goods rose 2.5% mom or USD 4.4B to USD 181.5B in June. Imports of goods dropped -0.5% mom or USD -1.5B to to USD 279.7B. Good trade deficit came in at USD Read more…
US durable goods orders rose 1.9% mom to USD 272.6B in June, much better than expectation of -0.5% mom decline. Ex-transport orders rose 0.3% mom, below expectation of 0.4% mom. Ex-defense orders rose 0.4% mom. Read more…
The Australian dollar has edged higher on Wednesday. AUD/USD is trading at 0.6950 in European trade. CPI rises, but less than expected Australia’s inflation rate accelerated in the second quarter, but the market reaction was Read more…