Daily Pivots: (S1) 1.0476; (P) 1.0523 (R1) 1.0555; More… Intraday bias in EUR/USD remains neutral at this point and some more consolidations could be seen. Upside of recovery should be limited by 1.0756 support turned Read more…
Daily Pivots: (S1) 1.2444; (P) 1.2521; (R1) 1.2568; More… GBP/USD is still bounded in consolidation from 1.2410 and intraday bias remains neutral first. In case of stronger recovery, upside should be limited below 1.2999 support Read more…
Daily Pivots: (S1) 0.9727; (P) 0.9758; (R1) 0.9807; More…. Intraday bias in USD/CHF remains on the upside for the moment. Current rally should target next medium term projection level at 0.9864. On the downside, however, Read more…
Daily Pivots: (S1) 129.71; (P) 130.09; (R1) 130.57; More… Intraday bias in USD/JPY remains neutral for consolidation below 131.24. Near term outlook remains bullish with 126.91 support intact. Break of 131.24 will resume recent up Read more…
Daily Pivots: (S1) 1.2841; (P) 1.2878; (R1) 1.2915; More… Intraday bias in USD/CAD stays on the upside for the moment. Current rise from 1.2401 should target 1.3022 fibonacci level next. Decisive break there will carry Read more…
EUR/USD During yesterday’s trading session, the currency pair did not undergo drastic changes and we witnessed a slight decline, which the bulls limited above the key support level at 1.0481. With a possible predominance of Read more…
Markets Markets yesterday had to cope with multiple, divergent pieces of news both on inflation and growth. Most data still suggested that the former is becoming an ever bigger hurdle for the second. Chinese data Read more…
For the first time since November 2010, the RBA has raised interest rates today, from a record low of 0.1% to 0.35%. The need for the RBA’s ultra-low Covid rate settings has long since passed. Read more…
Daily Pivots: (S1) 0.7027; (P) 0.7055; (R1) 0.7079; More… Intraday bias in AUD/USD is turned neutral first with current recovery. But further decline is expected as long as 0.7228 minor resistance holds. As noted before, Read more…
Australian Dollar rebounds broadly after the larger than expected rate hike by RBA, and takes up New Zealand Dollar too. But there is no clear follow through buying yet. Swiss Franc is currently the weakest Read more…