As most FX traders would attest to – the JPY has been taken to the woodshed, where the flow has been one way; it’s been brutal, but it’s been thoroughly deserved. In a world where Read more…
Market movers today Today’s key releases are the preliminary S&P Global PMIs (formerly known as Markit PMIs) for the euro area (including country-specific indices for Germany and France), the UK and the US covering April. Read more…
Data confirmed yesterday that inflation in the Eurozone advanced to 7.4%, a tick lower than the 7.5% expected by analysts. Yet the German producer prices jumped more than 30% year-on-year in March, the fastest rise Read more…
DXY: On the Weekly, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance where the swing high resistance is from our 1st support in Read more…
Daily Pivots: (S1) 1.2498; (P) 1.2544; (R1) 1.2630; More… USD/CAD rebounded strongly after dipping to 1.2457 and intraday bias is turned neutral. On the upside, break of 1.2675 will resume the rebound from 1.2401 towards Read more…
Daily Pivots: (S1) 0.7338; (P) 0.7398; (R1) 0.7431; More… AUD/USD’s fall from 0.7660 resumed by breaking 0.7342 temporary low. Intraday bias is back on the downside for 0.7164 support next. On the upside, above 0.7457 Read more…
Daily Pivots: (S1) 127.89; (P) 128.30; (R1) 128.79; More… Intraday bias in USD/JPY remains neutral and consolidation from 129.39 could extend further. Deeper retreat cannot be ruled out but downside should be contained above 125.09 Read more…
Daily Pivots: (S1) 0.9477; (P) 0.9515; (R1) 0.9573; More…. USD/CHF’s rally resumed after brief consolidation and intraday bias is back on the upside. Current rally should target 0.9591 medium term projection level next. On the Read more…
Daily Pivots: (S1) 1.3004; (P) 1.3047; (R1) 1.3071; More… Range trading continues in GBP/USD and intraday bias stays neutral. Also, outlook remains bearish with 1.3165 resistance intact. On the downside, break of 1.2971 will resume Read more…
Daily Pivots: (S1) 1.0792; (P) 1.0864 (R1) 1.0904; More… EUR/USD quickly retreated after breaching 1.0922 resistance and intraday bias remains neutral at this point. On the upside, firm break of 1.0922 should confirm short term Read more…