Daily Pivots: (S1) 0.9170; (P) 0.9199; (R1) 0.9246; More…. Intraday bias in USD/CHF remains neutral first. Sideway trading could continued. And choppy rise from 0.8925 would still be in favor to extend higher as long Read more…
Daily Pivots: (S1) 114.63; (P) 114.94; (R1) 115.37; More… Intraday bias in USD/JPY remains neutral first and outlook is unchanged. On the downside, break of 114.49 will resume the decline from 116.33, as the third Read more…
Daily Pivots: (S1) 0.7182; (P) 0.7208; (R1) 0.7243; More… AUD/USD gyrated higher but stays below 0.7247 resistance. Intraday bias remains neutral first. Further rise would remain in favor as long as 0.7050 support holds. Above Read more…
Daily Pivots: (S1) 1.2732; (P) 1.2758; (R1) 1.2796; More… Intraday bias in USD/CAD remains neutral as sideway trading continues. Further rally is expected with 1.2634 support intact. On the upside, break of 1.2795 will resume Read more…
Daily Pivots: (S1) 0.8304; (P) 0.8343; (R1) 0.8376; More… Intraday bias in EUR/GBP is turned neutral with current recovery. On the downside, below 0.8308 will resume the fall fro 0.8476 to retest 0.8282 low. Sustained Read more…
At its first meeting of the year, the RBNZ as expected, raised the Official Cash Rate by 25bp to 1% and reiterated that further hikes would be necessary. Providing a series of hawkish surprises, the Read more…
Daily Pivots: (S1) 1.0364; (P) 1.0413; (R1) 1.0487; More…. EUR/CHF rebounded strongly after hitting 1.0336 and intraday bias is turned neutral first. Corrective pattern from 1.0298 might be extending with another leg. But even in Read more…
US stocks tumbled sharply overnight after the West unveiled a wave a sanctions on Russia’s invasion on Ukraine, and warned that more are underway. But other markets were pretty steady, with Asian markets trading mildly Read more…
New Zealand Dollar rises broadly after more hawkish than expected RBNZ policy decision. NZD/USD is extending the rebound from 0.6528 short term bottom. Further rise is now expected as long as 0.6679 minor support holds, Read more…
RBNZ raised OCR by 25bps to 1.00% as widely expected. Additionally, it will start to start reduction of the bond holdings under the Large Scale Asset Purchase program through “both bond maturities and managed sales. Read more…