Daily Pivots: (S1) 1.0231; (P) 1.0275; (R1) 1.0306; More…. Breach of 1.0228 suggests resumption of fall from 1.0513. Intraday bias is back on the downside for 1.0086 support. As noted before, corrective rebound from 0.9970 Read more…
Daily Pivots: (S1) 0.7144; (P) 0.7187; (R1) 0.7218; More… AUD/USD is losing some upside momentum as seen in 4 hour MACD. But further rise is expected with 0.7034 support intact. Firm break of 0.7265 resistance Read more…
Daily Pivots: (S1) 1.2618; (P) 1.2647; (R1) 1.2687; More… USD/CAD is losing some downside momentum as seen in 4 hour MACD. But further decline is still expected with 1.2763 minor resistance intact. Firm break of Read more…
Daily Pivots: (S1) 1.0607; (P) 1.0673 (R1) 1.0719; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.0786, and sustained trading above 55 day EMA (now at 1.0757) will Read more…
Daily Pivots: (S1) 1.2424; (P) 1.2520; (R1) 1.2582; More… Intraday bias in GBP/USD remains neutral first. On the upside, above 1.2666 will resume the rebound from 1.2154. Sustained of 55 day EMA (now at 1.2729) Read more…
Daily Pivots: (S1) 0.9590; (P) 0.9625; (R1) 0.9665; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. Strong support is expected from 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to complete the Read more…
EUR/USD During yesterday’s trading session, the currency pair retraced from the support at 1.0740 and the single European currency lost quite a bit of ground against the U.S. dollar, reaching the support level at 1.0640. Read more…
Markets We had to wait for some US figures to spice up yesterday’s trading session a little bit. ISM manufacturing confidence unexpectedly accelerated from 55.4 to 56.1, mainly as new orders kept flowing in strongly Read more…
US indices kicked off the new month on a negative note. The S&P500 fell 0.75% and Nasdaq closed 0.72% lower, on Jamie Dimon’s ‘hurricane’ warnings, a stronger-than-expected ISM manufacturing PMI, and higher-than-expected job openings, that Read more…
Swiss CPI rose 0.7% mom in May, above expectation of 0.3% mom. The monthly rise was due to factors including housing rentals, heating oil and food. Core CPI rose 0.5% mom. Domestic prices rose 0.5% Read more…