Daily Pivots: (S1) 0.9211; (P) 0.9231; (R1) 0.9266; More…. While EUR/CHF’s rebound was strong, it’s still capped below 0.9264 resistance. Intraday bias remains neutral and more consolidations could be seen. But still, further rise is Read more…
Markets Core bond yields yesterday staged a further (forceful) bear steepening heading into the Fed, BoC, BoE and ECB policy meetings scheduled today and tomorrow. Markets are growing ever more convinced that a prolonged stalemate Read more…
Daily Pivots: (S1) 1.1684; (P) 1.1706; (R1) 1.1735; More…. Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected with 1.1662 support intact. On the upside, sustained trading above 61.8% retracement of Read more…
Daily Pivots: (S1) 159.12; (P) 159.45; (R1) 159.95; More… Intraday bias in USD/JPY remains neutral as consolidation continues below 160.45. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at Read more…
Daily Pivots: (S1) 1.3472; (P) 1.3509; (R1) 1.3556; More… Range trading continues in GBP/USD and intraday bias stays neutral. Further rise is still in favor with 1.3446 support intact. On the upside, firm break of Read more…
Daily Pivots: (S1) 0.7853; (P) 0.7883; (R1) 0.7923; More…. Intraday bias in USD/CHF stays neutral for the moment. On the downside, below 0.7830 will turn bias to the downside for 0.7774 support. Sustained break of Read more…
Daily Pivots: (S1) 1.3632; (P) 1.3662; (R1) 1.3712; More… Intraday bias in USD/CAD is turned neutral first with current recovery. Further decline is expected as long as 1.3713 resistance holds. Below 1.3596 will resume the Read more…
We had two big headlines yesterday — neither Trump-related, hallelujah — and these were: The WSJ reporting that OpenAI missed several monthly internal targets for new users and revenue, and The UAE is leaving OPEC. Read more…
In focus today Tonight the FOMC is expected to keep its target rate unchanged within the current range of 3.5-3.75%. It is likely the last meeting with Jerome Powell as Fed chair, before Kevin Warsh Read more…
Daily Pivots: (S1) 0.7157; (P) 0.7176; (R1) 0.7202; More… AUD/USD dips mildly today but stays in established range below 0.7221. Intraday bias remains neutral and more sideway trading could be seen. Further rise is expected Read more…