Daily Pivots: (S1) 0.7153; (P) 0.7185; (R1) 0.7220; More… Intraday bias in AUD/USD remains neutral at this point. Further rise would remain mildly in favor as long as 0.7050 support holds. Above 0.7247 will target Read more…
Daily Pivots: (S1) 114.67; (P) 115.11; (R1) 115.36; More… intraday bias in USD/JPY stays mildly on the downside at this point. Fall from 116.33 is seen as the third leg of the corrective pattern from Read more…
Daily Pivots: (S1) 0.9184; (P) 0.9207; (R1) 0.9224; More…. Intraday bias in USD/CHF stays neutral at this point. Overall, further rally is mildly in favor as long as 0.9090 support holds. On the upside, break Read more…
Daily Pivots: (S1) 1.1329; (P) 1.1357; (R1) 1.1391; More… Range trading continues in EUR/USD and intraday bias remains neutral. With 1.1265 minor support intact, further rally will remain mildly in favor. On the upside break Read more…
Daily Pivots: (S1) 1.3567; (P) 1.3603; (R1) 1.3649; More… Intraday bias in GBP/USD remains neutral for the moment, and focus stays on 1.3642 resistance. Break there will resume the rebound from 1.3356 to 1.3748 resistance. Read more…
Even though the US markets were in deep selloff overnight, Asian markets are just mixed. Investors are still waiting for come clarity on the Russia-Ukraine situation before taking a committed move. Trading is also subdued Read more…
Japan all item CPI slowed from 0.8% yoy to 0.5% yoy in January, below expectation of 0.6% yoy. CPI core (all item less fresh food) dropped from 0.5% yoy to 0.2% yoy, below expectation of Read more…
Cleveland Fed President Loretta Mester said yesterday, “I believe it will be appropriate to move the funds rate up in March and follow with further increases in the coming months.” “If by mid-year, I assess Read more…
St. Louis Federal Reserve President James Bullard warned during a panel talk at Columbia University, “we’re at more risk now than we’ve been in a generation that this (inflation) could get out of control.” One scenario Read more…
Short Term Elliott Wave View on CADJPY suggests that the rally to 91.7 ended wave (2). Pair has turned lower in wave (3) with internal subdivision as a 5 waves impulse Elliott Wave structure. Down Read more…