Daily Pivots: (S1) 1.2552; (P) 1.2585; (R1) 1.2606; More… Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.2617 will resume the rebound from 1.2401 to 1.2899 resistance. On the Read more…
Daily Pivots: (S1) 0.7427; (P) 0.7460; (R1) 0.7493; More… Intraday bias in AUD/USD remains on the downside at this point. Pull back from 0.7660 short term top is in progress for 55 day EMA (now Read more…
Daily Pivots: (S1) 0.9321; (P) 0.9348; (R1) 0.9368; More…. Intraday bias in USD/CHF remains neutral at this point. On the upside, firm break of 0.9380 should confirm that fall from 0.9459 has completed with three Read more…
Daily Pivots: (S1) 1.2986; (P) 1.3033; (R1) 1.3084; More… Intraday bias in GBP/USD remains on the downside for the moment. Current down trend from 1.4248 is in progress. Next target is 61.8% projection of 1.3641 Read more…
Daily Pivots: (S1) 1.0845; (P) 1.0868 (R1) 1.0900; More… Intraday bias in EUR/USD is turned neutral first with current recovery. But further fall is expected with 1.0987 resistance intact. On the downside, decisive break of Read more…
UK GDP grew 0.1% mom only in February, below expectation of 0.3% mom. Services was the main contributor to growth, up 0.2% mom. But that was offset by -0.6% mom contraction in production, and -0.1% Read more…
Daily Pivots: (S1) 123.74; (P) 124.21; (R1) 124.75; More… Focus is now on 125.09 resistance in USD/JPY. Firm break there will resume larger up trend from 102.58. Further break of 125.85 long term resistance will Read more…
Yen is trading broadly lower in Asian session today. But commodity currencies are also soft on mild risk-off sentiment. On the other hand, Euro and Dollar are the stronger ones, while Sterling and Swiss Franc Read more…
China PPI slowed from 8.8% yoy to 8.3% yoy, but still beat expectation of 7.9% yoy. However, the monthly rise of 1.1% mom in PPI was the fastest in five months, driven by surges in Read more…
BoJ Governor Haruhiko Kuroda said in the quarterly branch manager meeting, “Japan’s economy has picked up as a trend, although some weakness has been seen in part, mainly due to the impact of COVID-19.” “As Read more…