Fed outlook shifts down, RBA on hold for longer – so why aren’t we seeing the shift in relative interest rates affect the exchange rate? The outlook for US monetary policy has shifted down as Read more…
Daily Pivots: (S1) 0.7894; (P) 0.7944; (R1) 0.7979; More… Intraday bias in USD/CHF remains on the downside as fall from 0.8123 is in progress. Decisive break of 0.7872 support will argue that down trend is Read more…
Daily Pivots: (S1) 154.10; (P) 154.56; (R1) 154.98; More… Intraday bias in USD/JPY is turned neutral with current retreat. Some consolidations would be seen below 155.03 temporary top, but further rally is expected as long Read more…
Daily Pivots: (S1) 1.3123; (P) 1.3170; (R1) 1.3238; More… Intraday bias in GBP/USD remains neutral and further decline is expected with 1.3247 support turned resistance intact. On the downside, break of 1.3008 will target 138.2% Read more…
Daily Pivots: (S1) 1.1590; (P) 1.1623; (R1) 1.1667; More… Current development suggests that EUR/USD’s fall from 1.1971 has completed as a correction, with three waves down to 1.1467. Intraday bias is mildly on the upside Read more…
Daily Pivots: (S1) 0.6509; (P) 0.6545; (R1) 0.6565; More… AUD/USD is still bounded in range of 0.6457/6616 and intraday bias stays neutral. On the downside, break of 0.6457 will target 0.6413 cluster (38.2% retracement of Read more…
Daily Pivots: (S1) 1.4001; (P) 1.4020; (R1) 1.4054; More… Intraday bias in USD/CAD is turned neutral first with current recovery. Firm break of 1.4039 minor resistance will argue that the pullback from 1.4139 has completed. Read more…
Daily Pivots: (S1) 203.14; (P) 203.61; (R1) 204.25; More… GBP/JPY lost momentum ahead of 204.22 resistance and intraday bias stays neutral. On the upside, break of 204.22 resistance should confirm that correction from 205.30 has Read more…
Daily Pivots: (S1) 179.37; (P) 179.65; (R1) 180.08; More… EUR/JPY’s rally continues today and intraday bias stays on the upside. Current up trend should target 100% projection of 161.06 to 173.87 from 171.09 at 183.90 Read more…
Daily Pivots: (S1) 0.8811; (P) 0.8828; (R1) 0.8839; More… EUR/GBP’s rally continues today and intraday bias remains on the upside for 0.8867 fibonacci level. Firm break there will carry larger bullish implications. Next near term Read more…