Daily Pivots: (S1) 1.2679; (P) 1.2714; (R1) 1.2776; More… Intraday bias in USD/CAD remains on the upside for 1.2812 resistance first. Break there will target 1.2963 high next. On the downside, below 1.2558 minor support Read more…
Daily Pivots: (S1) 1.0363; (P) 1.0381; (R1) 1.0393; More…. Intraday in EUR/CHF remains neutral and outlook is unchanged. Recovery from 1.0298 might still extend higher, but upside should be limited well below 1.0510 resistance to Read more…
Daily Pivots: (S1) 153.90; (P) 154.31; (R1) 154.79; More… GBP/JPY is staying in consolidation from 152.88 and intraday bias remains neutral. Fall from 157.74 is seen as the third leg of the corrective pattern from Read more…
Daily Pivots: (S1) 128.26; (P) 128.64; (R1) 128.95; More…. EUR/JPY is staying in consolidation form 128.23 and intraday bias remains neutral at this point. Outlook is unchanged that corrective pattern from 134.11 is extending with Read more…
Daily Pivots: (S1) 1.5763; (P) 1.5822; (R1) 1.5902; More… No change in EUR/AUD’s outlook as range trading is still in progress. Intraday bias remains neutral for the moment. On the upside break of 1.5944 will Read more…
France GDP grew 0.7% qoq in Q4, above expectation of 0.5% qoq. On average over 2021, GDP increased by 7.0% after -8.0% in 2020. GDP was 0.9% above pre-pandemic level in Q4 2019. But the Read more…
EURJPY buyers are fighting back after recording a one-month low of 128.24, where a support base has developed during this past week. That said, the 200-period simple moving average (SMA) is endorsing a broader neutral Read more…
The Fed meeting this week has turned the ECB meeting on Thursday next week much more interesting than anticipated from a market perspective. While we do not expect the meeting to bring significant new signals Read more…
DXY: On the weekly timeframe, prices were on bullish momentum and abiding to our ascending trendline. We see the potential for a dip from our 1st resistance at 97.892 in line with 200% Fibonacci projection Read more…
Daily Pivots: (S1) 0.8313; (P) 0.8336; (R1) 0.8350; More… Intraday bias in EUR/GBP remains on the downside for 0.8304 support first. Break there will remain larger down trend and target 0.8276 long term support next. Read more…