The Euro is trading within tight range around 1.07 handle in Europe on Thursday but remains constructive despite easing risk mode in Asia. The action stays above broken Fibo barrier at 1.0668 (38.2% of 1.1184/1.0349) Read more…
Yuan’s decline today suggests that the near term recovery is already completed and there’s risk of more downside. The selloff came after Chinese Premier Li Keqiang held a rare high-profile meeting yesterday on measures to Read more…
BoJ Governor Haruhiko Kuroda reiterated to the parliament today that ultra-loose monetary policy must be maintained for now. Consumer inflation is still expected to slow next year and beyond, after spiking above 2% target this Read more…
Daily Pivots: (S1) 158.92; (P) 159.61; (R1) 160.82; More… Intraday bias in GBP/JPY remains neutral at this point. On the downside, break of 155.57 will extend the correction towards 150.96 key structural support. Nevertheless, on Read more…
Daily Pivots: (S1) 135.20; (P) 135.72; (R1) 136.45; More…. Intraday bias in EUR/JPY remains neutral and corrective pattern from 139.99 could still extend lower. On the downside, break of 132.63 will resume the fall and Read more…
Daily Pivots: (S1) 1.5015; (P) 1.5078; (R1) 1.5133; More… Intraday bias in EUR/AUD stays neutral at this point. On the downside, break of 1.4882 support will reaffirm that case that corrective rebound from 1.4318 has Read more…
Daily Pivots: (S1) 1.0238; (P) 1.0278; (R1) 1.0318; More…. Intraday bias in EUR/CHF remains neutral for the moment. Corrective rebound from 0.9970 should have completed with three waves up to 1.0513, after rejection by 1.0505 Read more…
EUR/USD Today’s session started rather calmly as the common European currency continued to trade against the dollar in the range between 1.0641 and 1.0712. However, the bulls gained momentum and managed to score an increase Read more…
EURGBP posted strong losses on Wednesday, erasing the previous gains, and returning above the 20-day simple moving average (SMA). The bias in the short-term is appearing neutral as the price failed several times to make a daily Read more…
Daily Pivots: (S1) 1.2786; (P) 1.2835; (R1) 1.2868; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. Further rise is mildly in favor with 1.2712 support intact. On the upside, break of 1.3075 Read more…